United Parcel Service (NYSE:UPS) Now Covered by Analysts at Stifel Nicolaus

Equities research analysts at Stifel Nicolaus assumed coverage on shares of United Parcel Service (NYSE:UPS) in a report released on Monday, The Fly reports. The brokerage set a “hold” rating on the transportation company’s stock.

Several other analysts have also recently weighed in on the stock. Loop Capital raised their target price on shares of United Parcel Service from $203.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, April 28th. Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating in a report on Monday, May 3rd. UBS Group raised their price objective on shares of United Parcel Service from $205.00 to $244.00 and gave the stock a “buy” rating in a report on Wednesday, April 28th. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “strong-buy” rating and set a $234.00 price objective on the stock in a report on Friday, April 30th. Finally, Oppenheimer raised their price objective on shares of United Parcel Service from $210.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, June 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $205.63.

Shares of UPS opened at $205.40 on Monday. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.29 and a quick ratio of 1.29. United Parcel Service has a 12-month low of $107.16 and a 12-month high of $219.59. The firm has a 50-day moving average price of $203.79. The stock has a market capitalization of $178.81 billion, a price-to-earnings ratio of 34.29, a P/E/G ratio of 1.68 and a beta of 1.06.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 27th. The transportation company reported $2.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $1.05. United Parcel Service had a net margin of 5.87% and a return on equity of 193.06%. The company had revenue of $22.91 billion during the quarter, compared to analyst estimates of $20.62 billion. During the same quarter last year, the firm posted $1.15 earnings per share. United Parcel Service’s revenue was up 27.0% compared to the same quarter last year. As a group, equities analysts anticipate that United Parcel Service will post 10.63 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Lester Murray Antman dba SimplyRich increased its stake in shares of United Parcel Service by 2.7% during the 1st quarter. Lester Murray Antman dba SimplyRich now owns 1,879 shares of the transportation company’s stock valued at $319,000 after acquiring an additional 49 shares during the last quarter. HBC Financial Services PLLC increased its stake in shares of United Parcel Service by 13.1% during the 1st quarter. HBC Financial Services PLLC now owns 432 shares of the transportation company’s stock valued at $78,000 after acquiring an additional 50 shares during the last quarter. Coyle Financial Counsel LLC increased its stake in shares of United Parcel Service by 3.1% during the 1st quarter. Coyle Financial Counsel LLC now owns 1,653 shares of the transportation company’s stock valued at $281,000 after acquiring an additional 50 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC grew its holdings in shares of United Parcel Service by 1.7% during the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,912 shares of the transportation company’s stock worth $495,000 after purchasing an additional 50 shares during the period. Finally, Becker Capital Management Inc. grew its holdings in shares of United Parcel Service by 3.6% during the 1st quarter. Becker Capital Management Inc. now owns 1,436 shares of the transportation company’s stock worth $244,000 after purchasing an additional 50 shares during the period. 56.06% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, 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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