United Parcel Service (NYSE:UPS) Given New $115.00 Price Target at Bank of America

United Parcel Service (NYSE:UPS) had its price objective upped by equities research analysts at Bank of America from $111.00 to $115.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Bank of America‘s target price would indicate a potential upside of 13.64% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus lowered their target price on shares of United Parcel Service from $145.00 to $124.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Morgan Stanley lowered their target price on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Baird R W lowered shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. UBS Group lowered their target price on shares of United Parcel Service from $141.00 to $127.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Finally, Susquehanna lowered their target price on shares of United Parcel Service from $120.00 to $110.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and a consensus price target of $120.26.

United Parcel Service Stock Up 0.8%

Shares of UPS stock opened at $101.20 on Friday. The stock has a market cap of $86.44 billion, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. United Parcel Service has a one year low of $90.55 and a one year high of $149.57. The stock has a fifty day moving average price of $102.36 and a 200 day moving average price of $117.61. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $21.25 billion. During the same period last year, the business earned $1.43 earnings per share. The business’s revenue was down .9% on a year-over-year basis. Analysts predict that United Parcel Service will post 7.95 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Pacific Sage Partners LLC lifted its position in United Parcel Service by 4.8% during the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock valued at $212,000 after purchasing an additional 77 shares during the period. Quent Capital LLC lifted its position in United Parcel Service by 16.7% during the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 80 shares during the period. Altus Wealth Group LLC lifted its position in United Parcel Service by 4.6% during the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company’s stock valued at $255,000 after purchasing an additional 89 shares during the period. Empirical Asset Management LLC lifted its position in United Parcel Service by 0.8% during the 4th quarter. Empirical Asset Management LLC now owns 12,036 shares of the transportation company’s stock valued at $1,518,000 after purchasing an additional 93 shares during the period. Finally, Alliance Wealth Advisors LLC lifted its position in United Parcel Service by 3.8% during the 4th quarter. Alliance Wealth Advisors LLC now owns 2,559 shares of the transportation company’s stock valued at $323,000 after purchasing an additional 94 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.