United Parcel Service, Inc. (NYSE:UPS) Price Target Raised to $126.00 at UBS AG

United Parcel Service, Inc. (NYSE:UPS) had its price objective raised by equities researchers at UBS AG from $117.00 to $126.00 in a note issued to investors on Friday, October 27th, www.benzinga.com reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. UBS AG’s price target suggests a potential upside of 11.28% from the company’s previous close.

UPS has been the subject of a number of other reports. J P Morgan Chase & Co boosted their target price on shares of United Parcel Service from $113.00 to $114.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Loop Capital boosted their target price on shares of United Parcel Service from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Zacks Investment Research upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 target price for the company in a report on Friday, October 6th. Credit Suisse Group reiterated a “hold” rating and issued a $116.00 target price (up from $108.00) on shares of United Parcel Service in a report on Thursday, October 12th. They noted that the move was a valuation call. Finally, BidaskClub upgraded shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company. United Parcel Service currently has a consensus rating of “Hold” and a consensus price target of $119.22.

Shares of United Parcel Service (NYSE UPS) opened at $113.23 on Friday. The firm has a market cap of $97,573.69, a PE ratio of 18.93, a P/E/G ratio of 2.04 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33. United Parcel Service has a one year low of $102.12 and a one year high of $121.75.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.45. The business had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.44 earnings per share. analysts anticipate that United Parcel Service will post 6.01 EPS for the current year.

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In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total value of $2,019,455.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.59% of the company’s stock.

Several large investors have recently made changes to their positions in UPS. Ardevora Asset Management LLP lifted its position in shares of United Parcel Service by 0.3% during the 1st quarter. Ardevora Asset Management LLP now owns 189,803 shares of the transportation company’s stock valued at $20,366,000 after buying an additional 600 shares in the last quarter. FormulaFolio Investments LLC purchased a new position in shares of United Parcel Service during the 1st quarter valued at approximately $362,000. Flippin Bruce & Porter Inc. lifted its position in shares of United Parcel Service by 11.5% during the 1st quarter. Flippin Bruce & Porter Inc. now owns 26,986 shares of the transportation company’s stock valued at $2,896,000 after buying an additional 2,791 shares in the last quarter. Boston Research & Management Inc. lifted its position in shares of United Parcel Service by 0.8% during the 1st quarter. Boston Research & Management Inc. now owns 28,616 shares of the transportation company’s stock valued at $3,070,000 after buying an additional 230 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC lifted its position in shares of United Parcel Service by 10.2% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 6,406 shares of the transportation company’s stock valued at $685,000 after buying an additional 594 shares in the last quarter. Hedge funds and other institutional investors own 53.07% of the company’s stock.

United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

Analyst Recommendations for United Parcel Service (NYSE:UPS)

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