United Parcel Service (NYSE:UPS) Given New $115.00 Price Target at Susquehanna

United Parcel Service (NYSE:UPS) had its price target hoisted by Susquehanna from $105.00 to $115.00 in a research note released on Tuesday,Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

A number of other brokerages have also issued reports on UPS. BNP Paribas lowered United Parcel Service from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 13th. Bank of America upgraded United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 target price on the stock in a research note on Friday, January 9th. Stifel Nicolaus boosted their target price on shares of United Parcel Service from $110.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Sanford C. Bernstein upped their price target on shares of United Parcel Service from $122.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Finally, Citigroup lifted their price objective on shares of United Parcel Service from $120.00 to $126.00 and gave the company a “buy” rating in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $111.73.

United Parcel Service Trading Down 0.3%

UPS stock opened at $106.55 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. United Parcel Service has a twelve month low of $82.00 and a twelve month high of $136.99. The stock has a market capitalization of $90.39 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 2.33 and a beta of 1.11. The firm’s fifty day simple moving average is $99.71 and its two-hundred day simple moving average is $93.19.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.43. The firm had revenue of $21.42 billion during the quarter, compared to analyst estimates of $20.94 billion. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The business’s revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the business earned $1.76 EPS. As a group, analysts anticipate that United Parcel Service will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.2%. The ex-dividend date was Monday, November 17th. United Parcel Service’s dividend payout ratio is presently 101.39%.

Institutional Investors Weigh In On United Parcel Service

Several large investors have recently modified their holdings of the business. Evelyn Partners Investment Management Europe Ltd raised its stake in United Parcel Service by 110.1% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after buying an additional 131 shares in the last quarter. Mid American Wealth Advisory Group Inc. purchased a new position in shares of United Parcel Service in the 2nd quarter valued at $26,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of United Parcel Service in the 2nd quarter worth $34,000. RMG Wealth Management LLC purchased a new stake in shares of United Parcel Service during the 2nd quarter worth $34,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of United Parcel Service during the 2nd quarter worth $34,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.