Evercore ISI Boosts United Parcel Service (NYSE:UPS) Price Target to $141.00

United Parcel Service (NYSE:UPS) had its target price raised by research analysts at Evercore ISI from $138.00 to $141.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “in-line” rating on the transportation company’s stock. Evercore ISI’s price objective would suggest a potential upside of 7.30% from the stock’s current price.

A number of other research firms have also weighed in on UPS. Susquehanna cut their target price on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Oppenheimer dropped their price objective on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Stephens decreased their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Barclays reissued an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a report on Monday. Finally, TD Cowen began coverage on United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.05.

United Parcel Service Stock Up 0.1 %

United Parcel Service stock opened at $131.41 on Tuesday. The firm has a market capitalization of $112.56 billion, a P/E ratio of 21.44, a P/E/G ratio of 2.00 and a beta of 0.99. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service has a twelve month low of $123.12 and a twelve month high of $163.82. The stock’s fifty day simple moving average is $130.54 and its 200-day simple moving average is $136.15.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20). The company had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. United Parcel Service’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.54 EPS. As a group, equities analysts expect that United Parcel Service will post 7.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On United Parcel Service

A number of hedge funds and other institutional investors have recently made changes to their positions in UPS. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of United Parcel Service by 17.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 502,635 shares of the transportation company’s stock valued at $67,484,000 after purchasing an additional 75,945 shares during the last quarter. Allworth Financial LP grew its position in United Parcel Service by 2.3% in the 3rd quarter. Allworth Financial LP now owns 140,851 shares of the transportation company’s stock valued at $19,204,000 after buying an additional 3,200 shares during the last quarter. Cromwell Holdings LLC increased its stake in United Parcel Service by 23.7% in the 3rd quarter. Cromwell Holdings LLC now owns 2,000 shares of the transportation company’s stock valued at $273,000 after buying an additional 383 shares during the period. Country Club Bank raised its position in United Parcel Service by 20.6% during the 3rd quarter. Country Club Bank now owns 67,897 shares of the transportation company’s stock worth $9,116,000 after buying an additional 11,581 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its stake in shares of United Parcel Service by 3.7% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 3,794 shares of the transportation company’s stock worth $517,000 after acquiring an additional 136 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

About United Parcel Service

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.