United Parcel Service (NYSE:UPS) Receives New Coverage from Analysts at Goldman Sachs Group

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.



United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.03). United Parcel Service had a net margin of 6.34% and a return on equity of 205.26%. The firm had revenue of $17.16 billion during the quarter, compared to analyst estimates of $17.79 billion. During the same period in the prior year, the company posted $1.55 earnings per share. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. On average, sell-side analysts anticipate that United Parcel Service will post 7.46 earnings per share for the current year.

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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Analyst Recommendations for United Parcel Service (NYSE:UPS)

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