Goldman Sachs Group began coverage on shares of United Parcel Service (NYSE:UPS) in a report released on Wednesday, Benzinga’s Daily Ratings Newsletter reports. The brokerage issued a buy rating and a $123.00 target price on the transportation company’s stock.
A number of other analysts also recently issued reports on UPS. Zacks Investment Research raised Investors Real Estate Trust Reit from a sell rating to a hold rating in a research note on Thursday, May 23rd. Cowen raised their target price on Werner Enterprises from $35.00 to $36.00 and gave the stock a market perform rating in a research note on Friday, April 26th. Deutsche Bank reaffirmed a hold rating on shares of United Parcel Service in a research note on Tuesday, July 2nd. Raymond James set a $33.00 target price on LKQ and gave the stock a buy rating in a research note on Friday, April 26th. Finally, Berenberg Bank raised easyJet to a hold rating in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. United Parcel Service presently has a consensus rating of Hold and an average price target of $117.64.
NYSE UPS traded up $1.71 during mid-day trading on Wednesday, hitting $103.33. The stock had a trading volume of 1,818,800 shares, compared to its average volume of 3,169,983. The stock’s 50 day moving average is $99.64. United Parcel Service has a twelve month low of $89.89 and a twelve month high of $125.09. The company has a debt-to-equity ratio of 5.85, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $88.16 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 1.58 and a beta of 1.23.
In other news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $106.03, for a total transaction of $159,045.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.17% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CX Institutional purchased a new position in United Parcel Service during the 1st quarter valued at about $29,000. RPG Investment Advisory LLC boosted its holdings in United Parcel Service by 277.1% during the 1st quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 194 shares during the period. Somerset Trust Co boosted its holdings in United Parcel Service by 161.0% during the 1st quarter. Somerset Trust Co now owns 274 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 169 shares during the period. Financial Gravity Wealth Inc. purchased a new position in United Parcel Service during the 1st quarter valued at about $32,000. Finally, First National Corp MA ADV purchased a new position in United Parcel Service during the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 55.48% of the company’s stock.
United Parcel Service Company Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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