United Parcel Service, Inc. (NYSE:UPS) Receives $111.50 Average Target Price from Analysts

Shares of United Parcel Service, Inc. (NYSE:UPS) have earned a consensus recommendation of “Hold” from the twenty-four analysts that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $111.50.

UPS has been the subject of several research reports. UBS Group dropped their price objective on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Citigroup upped their price objective on shares of United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings cut shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Susquehanna upped their price objective on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Finally, Evercore dropped their price objective on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research note on Wednesday, April 22nd.

Institutional Trading of United Parcel Service

Several large investors have recently bought and sold shares of the business. Potomac Fund Management Inc. ADV grew its stake in United Parcel Service by 0.8% during the 4th quarter. Potomac Fund Management Inc. ADV now owns 11,324 shares of the transportation company’s stock valued at $1,123,000 after acquiring an additional 90 shares in the last quarter. Westbourne Investments Inc. grew its stake in United Parcel Service by 1.2% during the 4th quarter. Westbourne Investments Inc. now owns 7,876 shares of the transportation company’s stock valued at $781,000 after acquiring an additional 91 shares in the last quarter. Ipsen Advisor Group LLC grew its stake in shares of United Parcel Service by 1.7% in the 4th quarter. Ipsen Advisor Group LLC now owns 5,670 shares of the transportation company’s stock valued at $562,000 after buying an additional 95 shares during the period. Webster Bank N. A. grew its stake in shares of United Parcel Service by 16.7% in the 4th quarter. Webster Bank N. A. now owns 698 shares of the transportation company’s stock valued at $69,000 after buying an additional 100 shares during the period. Finally, Peoples Financial Services CORP. grew its stake in shares of United Parcel Service by 2.5% in the 4th quarter. Peoples Financial Services CORP. now owns 4,030 shares of the transportation company’s stock valued at $400,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Key Headlines Impacting United Parcel Service

Here are the key news stories impacting United Parcel Service this week:

• Positive Sentiment: UPS shares have been boosted by a broader bullish take on the stock after the Fed’s rate-cut pivot, with some investors viewing UPS as an attractive cyclical income play with a high dividend yield. A Dramatic Fed Pivot Just Unlocked a New Era of Growth for UPS
• Positive Sentiment: UPS-owned Roadie announced a same-day delivery partnership with Omaha Steaks ahead of Father’s Day, highlighting growth in its last-mile and same-day delivery services. From Cart to Cookout: Omaha Steaks and Roadie Power Same-Day Delivery for Father’s Day
• Neutral Sentiment: UPS was also the subject of valuation and stock-performance commentary, with some analysts questioning whether the recent pullback created a better long-term entry point rather than pointing to a new fundamental problem. Is It Time To Reconsider UPS (NYSE:UPS) After Recent Share Price Weakness?
• Neutral Sentiment: UPS met its deadline for retrofitting delivery vans with air conditioning, easing one labor-related pressure point after Teamsters scrutiny, though the issue also underscores ongoing union oversight. UPS meets deadline for retrofitting delivery vans with air conditioning
• Negative Sentiment: Separate UK news about a parcel delivery firm “evaluating options” for a depot closure and 3,000 jobs at risk adds to concerns about softness or restructuring pressures in the parcel-delivery industry, which could weigh on sentiment toward UPS. Massive parcel delivery firm could shut UK depot as it ‘evaluates options’ – with 3,000 jobs at risk
• Negative Sentiment: Some market commentary still frames UPS as a large-cap stock with limited growth runway, and recent coverage has also highlighted weakness in the shares over the past week. 3 Large-Cap Stocks That Concern Us

United Parcel Service Stock Down 0.6%

UPS opened at $107.96 on Wednesday. United Parcel Service has a twelve month low of $82.00 and a twelve month high of $122.41. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. The company has a 50-day moving average price of $103.23 and a 200 day moving average price of $104.06. The company has a market cap of $91.76 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 1.73 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the prior year, the firm earned $1.49 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. Sell-side analysts expect that United Parcel Service will post 7.1 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s dividend payout ratio is currently 106.15%.

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.