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.
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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