United Parcel Service (NYSE:UPS) Price Target Raised to $115.00

United Parcel Service (NYSE:UPSFree Report) had its price objective lifted by Susquehanna from $105.00 to $115.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

Several other equities research analysts have also recently weighed in on the stock. Citigroup upped their price target on shares of United Parcel Service from $120.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. BNP Paribas Exane lowered United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 target price for the company. in a report on Tuesday, January 13th. Stephens upgraded United Parcel Service to a “hold” rating in a report on Wednesday, October 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $111.84.

View Our Latest Analysis on UPS

United Parcel Service Trading Up 0.8%

Shares of NYSE UPS opened at $109.34 on Tuesday. United Parcel Service has a twelve month low of $82.00 and a twelve month high of $136.99. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The business has a fifty day simple moving average of $100.23 and a two-hundred day simple moving average of $93.40. The firm has a market cap of $92.76 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 2.35 and a beta of 1.11.

United Parcel Service (NYSE:UPSGet Free Report) last released its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The firm had revenue of $21.42 billion during the quarter, compared to the consensus estimate of $20.94 billion. During the same period in the previous year, the company posted $1.76 earnings per share. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. Analysts expect that United Parcel Service will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were paid a $1.64 dividend. The ex-dividend date was Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.0%. United Parcel Service’s dividend payout ratio (DPR) is 101.39%.

Institutional Investors Weigh In On United Parcel Service

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Andra AP fonden increased its position in shares of United Parcel Service by 95.9% during the second quarter. Andra AP fonden now owns 332,983 shares of the transportation company’s stock worth $33,611,000 after acquiring an additional 163,000 shares during the period. BLVD Private Wealth LLC purchased a new position in United Parcel Service in the second quarter valued at $1,479,000. Strategic Planning Inc. acquired a new position in United Parcel Service during the 3rd quarter worth $3,885,000. Avantax Advisory Services Inc. grew its stake in United Parcel Service by 14.6% during the 2nd quarter. Avantax Advisory Services Inc. now owns 94,361 shares of the transportation company’s stock worth $9,525,000 after purchasing an additional 12,035 shares in the last quarter. Finally, Equity Investment Corp increased its holdings in United Parcel Service by 16.8% during the 2nd quarter. Equity Investment Corp now owns 1,130,550 shares of the transportation company’s stock worth $114,118,000 after purchasing an additional 162,364 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting United Parcel Service

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

About United Parcel Service

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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.

Further Reading

Analyst Recommendations for United Parcel Service (NYSE:UPS)

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