United Parcel Service, Inc. (NYSE:UPS) Receives $111.82 Consensus Target Price from Brokerages

United Parcel Service, Inc. (NYSE:UPS) has earned an average rating of “Hold” from the thirty-one analysts that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $111.4242.

A number of research firms have recently weighed in on UPS. BNP Paribas Exane downgraded shares of United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 price target on the stock. in a research note on Tuesday, January 13th. Bank of America raised shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 target price on the stock in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a research note on Thursday, October 2nd. Sanford C. Bernstein boosted their price objective on shares of United Parcel Service from $122.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, January 9th. Finally, Wells Fargo & Company raised their target price on United Parcel Service from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th.

United Parcel Service Price Performance

Shares of NYSE UPS traded down $1.73 during trading hours on Friday, hitting $106.89. 4,656,198 shares of the stock were exchanged, compared to its average volume of 4,810,618. The company’s fifty day simple moving average is $99.20 and its two-hundred day simple moving average is $93.24. The company has a market cap of $90.68 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 2.33 and a beta of 1.11. 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 has a 1-year low of $82.00 and a 1-year high of $136.99.

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

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend was Monday, November 17th. United Parcel Service’s payout ratio is currently 101.39%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in UPS. Cornerstone Wealth Group LLC lifted its holdings in United Parcel Service by 3.9% in the second quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock valued at $258,000 after buying an additional 97 shares during the period. Bangor Savings Bank raised its holdings in shares of United Parcel Service by 1.9% during the second quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company’s stock valued at $546,000 after purchasing an additional 101 shares during the period. Tema Etfs LLC grew its stake in shares of United Parcel Service by 0.8% in the 4th quarter. Tema Etfs LLC now owns 12,999 shares of the transportation company’s stock valued at $1,289,000 after buying an additional 101 shares during the period. Wright Investors Service Inc. grew its stake in shares of United Parcel Service by 1.3% in the 2nd quarter. Wright Investors Service Inc. now owns 7,861 shares of the transportation company’s stock valued at $793,000 after buying an additional 104 shares during the period. Finally, Webster Bank N. A. increased its position in United Parcel Service by 13.8% in the 2nd quarter. Webster Bank N. A. now owns 867 shares of the transportation company’s stock valued at $88,000 after buying an additional 105 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Company Profile

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.