United Parcel Service (NYSE:UPS) PT Raised to $160.00 at Deutsche Bank

United Parcel Service (NYSE:UPS) had its target price upped by equities researchers at Deutsche Bank from $119.00 to $160.00 in a research note issued to investors on Friday, The Fly reports. The firm currently has a “buy” rating on the transportation company’s stock. Deutsche Bank’s target price would suggest a potential upside of 12.08% from the company’s previous close.

UPS has been the topic of several other research reports. KeyCorp restated a “hold” rating on shares of United Parcel Service in a research note on Monday, April 20th. Goldman Sachs Group restated a “buy” rating and issued a $120.00 price target on shares of United Parcel Service in a research report on Thursday. CSFB decreased their price objective on shares of United Parcel Service from $105.00 to $101.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. Cowen lifted their target price on shares of United Parcel Service from $101.00 to $114.00 and gave the company a “market perform” rating in a research note on Monday, July 27th. Finally, Stifel Nicolaus reduced their target price on United Parcel Service from $104.00 to $102.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $123.62.

UPS opened at $142.76 on Friday. The stock has a market cap of $123.08 billion, a PE ratio of 28.38, a P/E/G ratio of 3.49 and a beta of 0.84. The company has a current ratio of 1.24, a quick ratio of 1.22 and a debt-to-equity ratio of 5.86. United Parcel Service has a 1 year low of $82.00 and a 1 year high of $145.50. The stock’s 50 day simple moving average is $113.28 and its 200-day simple moving average is $103.54.

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

In other news, CEO Carol B. Tome purchased 10,100 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were acquired at an average price of $99.33 per share, with a total value of $1,003,233.00. Following the completion of the purchase, the chief executive officer now directly owns 13,036 shares of the company’s stock, valued at approximately $1,294,865.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.57% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of UPS. TD Capital Management LLC acquired a new position in shares of United Parcel Service during the first quarter valued at $28,000. Ellevest Inc. lifted its stake 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 valued at $33,000 after acquiring an additional 123 shares during the period. Pinnacle Holdings LLC acquired a new position in shares of United Parcel Service during the first quarter valued at $34,000. Red Door Wealth Management LLC acquired a new position in shares of United Parcel Service during the first quarter valued at $38,000. Finally, M&R Capital Management Inc. increased its holdings in United Parcel Service by 104.8% in the second quarter. M&R Capital Management Inc. now owns 342 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 175 shares during the last quarter. 54.67% of the stock is currently owned by institutional investors and hedge funds.

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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The Fly

Analyst Recommendations for United Parcel Service (NYSE:UPS)

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