United Parcel Service (NYSE:UPS) Price Target Raised to $116.00 at UBS Group

United Parcel Service (NYSE:UPS) had its target price upped by stock analysts at UBS Group from $113.00 to $116.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. UBS Group’s price target suggests a potential upside of 10.14% from the company’s current price.

UPS has been the subject of several other research reports. Susquehanna increased their target price on shares of United Parcel Service from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Stifel Nicolaus upped their price objective on shares of United Parcel Service from $110.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Citigroup lifted their target price on shares of United Parcel Service from $112.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Wall Street Zen upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $110.19.

United Parcel Service Stock Up 0.1%

United Parcel Service stock traded up $0.10 during mid-day trading on Wednesday, reaching $105.32. The stock had a trading volume of 3,731,192 shares, compared to its average volume of 5,325,092. The firm has a market capitalization of $89.35 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 2.30 and a beta of 1.11. United Parcel Service has a fifty-two week low of $82.00 and a fifty-two week high of $136.99. The stock’s 50-day simple moving average is $97.23 and its 200-day simple moving average is $92.84. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The business had revenue of $21.42 billion during the quarter, compared to the consensus estimate of $20.94 billion. During the same quarter in the previous year, the business earned $1.76 EPS. The company’s quarterly revenue was down 3.7% on a year-over-year basis. On average, sell-side analysts forecast that United Parcel Service will post 7.95 EPS for the current fiscal year.

Institutional Trading of United Parcel Service

Institutional investors have recently modified their holdings of the business. Andra AP fonden lifted its stake in shares of United Parcel Service by 95.9% in the 2nd quarter. Andra AP fonden now owns 332,983 shares of the transportation company’s stock valued at $33,611,000 after purchasing an additional 163,000 shares during the last quarter. BLVD Private Wealth LLC purchased a new stake in United Parcel Service during the 2nd quarter valued at $1,479,000. Strategic Planning Inc. bought a new stake in United Parcel Service in the third quarter worth $3,885,000. Avantax Advisory Services Inc. boosted its stake in United Parcel Service by 14.6% during the second quarter. Avantax Advisory Services Inc. now owns 94,361 shares of the transportation company’s stock worth $9,525,000 after buying an additional 12,035 shares during the period. Finally, Equity Investment Corp increased its position in United Parcel Service by 16.8% during the second quarter. Equity Investment Corp now owns 1,130,550 shares of the transportation company’s stock valued at $114,118,000 after acquiring an additional 162,364 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.