Citigroup Issues Positive Forecast for United Parcel Service (NYSE:UPS) Stock Price

United Parcel Service (NYSE:UPS) had its price objective raised by equities research analysts at Citigroup from $120.00 to $126.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Citigroup’s price objective would suggest a potential upside of 17.01% from the stock’s current price.

A number of other research analysts have also commented on UPS. Wells Fargo & Company increased their price objective on United Parcel Service from $91.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Wall Street Zen upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. BMO Capital Markets reaffirmed a “market perform” rating and set a $96.00 price objective (down from $125.00) on shares of United Parcel Service in a report on Friday, September 19th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a report on Thursday, October 2nd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of United Parcel Service in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seventeen have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and a consensus target price of $110.38.

United Parcel Service Price Performance

Shares of NYSE:UPS traded up $2.27 on Thursday, reaching $107.68. 3,647,919 shares of the company traded hands, compared to its average volume of 5,361,651. The stock has a market capitalization of $91.36 billion, a PE ratio of 16.68, a P/E/G ratio of 2.38 and a beta of 1.11. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.30. The company’s 50 day moving average is $97.39 and its 200-day moving average is $92.93. United Parcel Service has a fifty-two week low of $82.00 and a fifty-two week high of $136.99.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.31 by $0.43. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The company had revenue of $21.42 billion during the quarter, compared to analysts’ expectations of $20.94 billion. During the same period last year, the company posted $1.76 earnings per share. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. As a group, analysts anticipate that United Parcel Service will post 7.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On United Parcel Service

Several institutional investors and hedge funds have recently made changes to their positions in UPS. Evelyn Partners Investment Management Europe Ltd boosted its position in United Parcel Service by 110.1% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock valued at $25,000 after buying an additional 131 shares during the last quarter. Mid American Wealth Advisory Group Inc. bought a new position in United Parcel Service in the second quarter valued at about $26,000. Flaharty Asset Management LLC bought a new position in United Parcel Service in the first quarter valued at about $33,000. Twin Peaks Wealth Advisors LLC acquired a new stake in United Parcel Service in the second quarter worth about $34,000. Finally, RMG Wealth Management LLC bought a new stake in United Parcel Service during the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

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.