United Parcel Service (NYSE:UPS) PT Raised to $147.00

United Parcel Service (NYSE:UPS) had its target price boosted by analysts at Credit Suisse Group from $118.00 to $147.00 in a research report issued on Friday, The Fly reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Credit Suisse Group’s price target would indicate a potential upside of 2.97% from the stock’s current price.

Several other research firms have also recently weighed in on UPS. Cowen upped their price target on shares of United Parcel Service from $101.00 to $114.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. Barclays cut United Parcel Service from an “equal weight” rating to an “underweight” rating and set a $90.00 target price on the stock. in a research note on Friday, April 17th. TheStreet raised United Parcel Service from a “c+” rating to a “b-” rating in a research note on Wednesday, June 10th. ValuEngine raised United Parcel Service from a “sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Berenberg Bank reissued a “neutral” rating and issued a $105.00 target price on shares of United Parcel Service in a research note on Tuesday, April 28th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $123.62.

United Parcel Service stock opened at $142.76 on Friday. The stock has a market cap of $123.08 billion, a P/E ratio of 28.38, a PEG ratio of 3.49 and a beta of 0.84. United Parcel Service has a fifty-two week low of $82.00 and a fifty-two week high of $145.50. The firm’s fifty day moving average price is $113.28 and its 200-day moving average price is $103.54. The company has a debt-to-equity ratio of 5.86, a quick ratio of 1.22 and a current ratio of 1.24.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, July 30th. The transportation company reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.07 by $1.06. The firm had revenue of $20.46 billion for the quarter, compared to analysts’ expectations of $17.42 billion. United Parcel Service had a net margin of 5.66% and a return on equity of 156.85%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.96 earnings per share. Sell-side analysts predict that United Parcel Service will post 5.52 earnings per share for the current year.

In other news, CEO Carol B. Tome bought 10,100 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was bought at an average cost of $99.33 per share, for a total transaction of $1,003,233.00. Following the completion of the acquisition, the chief executive officer now owns 13,036 shares in the company, valued at approximately $1,294,865.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.57% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. TD Capital Management LLC purchased a new stake in shares of United Parcel Service during the first quarter worth about $28,000. Ellevest Inc. boosted its holdings in shares of United Parcel Service by 69.5% during the second quarter. Ellevest Inc. now owns 300 shares of the transportation company’s stock worth $33,000 after purchasing an additional 123 shares during the period. Pinnacle Holdings LLC purchased a new stake in shares of United Parcel Service during the first quarter worth about $34,000. Red Door Wealth Management LLC purchased a new stake in shares of United Parcel Service during the first quarter worth about $38,000. Finally, M&R Capital Management Inc. boosted its holdings in shares of United Parcel Service by 104.8% during the second quarter. M&R Capital Management Inc. now owns 342 shares of the transportation company’s stock worth $38,000 after purchasing an additional 175 shares during the period. Institutional investors own 54.67% of the company’s stock.

About United Parcel Service

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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