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.
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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