United Parcel Service (NYSE:UPS) Price Target Increased to $128.00 by Analysts at UBS Group

United Parcel Service (NYSE:UPS) had its price objective boosted by UBS Group to $128.00 in a research note issued to investors on Thursday, The Fly reports. UBS Group currently has a buy rating on the transportation company’s stock.

A number of other research analysts also recently issued reports on the stock. Berenberg Bank upgraded shares of easyJet to a hold rating in a research report on Monday, April 1st. Bank of America downgraded shares of TAL Education Group from a buy rating to a neutral rating in a research report on Thursday. JPMorgan Chase & Co. dropped their price target on shares of Boeing from $430.00 to $425.00 and set an overweight rating on the stock in a research report on Thursday. Argus restated a buy rating and issued a $215.00 price target on shares of AvalonBay Communities in a research report on Tuesday, April 30th. Finally, Cowen boosted their price target on shares of Werner Enterprises from $35.00 to $36.00 and gave the stock a market perform rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $118.87.

NYSE:UPS opened at $120.58 on Thursday. The stock’s 50 day simple moving average is $103.17. The company has a current ratio of 1.09, a quick ratio of 1.13 and a debt-to-equity ratio of 4.62. United Parcel Service has a one year low of $89.89 and a one year high of $125.09. The firm has a market cap of $103.79 billion, a P/E ratio of 16.65, a PEG ratio of 1.86 and a beta of 1.23.

United Parcel Service (NYSE:UPS) last posted its earnings results on Wednesday, July 24th. The transportation company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.93 by $0.03. United Parcel Service had a net margin of 6.56% and a return on equity of 175.60%. The business had revenue of $18.05 billion for the quarter, compared to the consensus estimate of $17.98 billion. During the same period last year, the company earned $1.94 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. On average, equities analysts predict that United Parcel Service will post 7.48 earnings per share for the current fiscal year.

In other news, SVP Norman M. Brothers, Jr. sold 1,500 shares of United Parcel Service stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $106.03, for a total value of $159,045.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.17% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. CX Institutional bought a new stake in shares of United Parcel Service in the 1st quarter valued at $29,000. RPG Investment Advisory LLC increased its stake in shares of United Parcel Service by 277.1% in the 1st quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 194 shares in the last quarter. Somerset Trust Co increased its stake in shares of United Parcel Service by 161.0% in the 1st quarter. Somerset Trust Co now owns 274 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 169 shares in the last quarter. Financial Gravity Wealth Inc. bought a new stake in shares of United Parcel Service in the 1st quarter valued at $32,000. Finally, First National Corp MA ADV bought a new stake in shares of United Parcel Service in the 1st quarter valued at $38,000. Institutional investors own 55.49% 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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