United Parcel Service (NYSE:UPS) Price Target Raised to $118.00

United Parcel Service (NYSE:UPS) had its price target lifted by Susquehanna from $116.00 to $118.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Other analysts have also recently issued research reports about the company. UBS Group boosted their price target on United Parcel Service from $116.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft boosted their price target on United Parcel Service from $88.00 to $106.00 and gave the stock a “hold” rating in a research report on Wednesday, January 28th. Citigroup reduced their price target on United Parcel Service from $120.00 to $118.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Finally, Evercore cut their price objective on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $112.08.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $107.60 on Wednesday. United Parcel Service has a fifty-two week low of $82.00 and a fifty-two week high of $122.41. The business has a 50-day moving average of $103.46 and a two-hundred day moving average of $101.66. The stock has a market capitalization of $91.36 billion, a P/E ratio of 17.41, a P/E/G ratio of 1.73 and a beta of 1.12. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.22.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter in the previous year, the firm earned $1.49 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts predict that United Parcel Service will post 7.11 EPS for the current fiscal year.

Hedge Funds Weigh In On United Parcel Service

Several large investors have recently made changes to their positions in the business. Global Assets Advisory LLC acquired a new position in shares of United Parcel Service during the 1st quarter worth about $46,000. Castleview Partners LLC lifted its position in shares of United Parcel Service by 16.8% during the 1st quarter. Castleview Partners LLC now owns 3,641 shares of the transportation company’s stock worth $358,000 after purchasing an additional 525 shares during the last quarter. ARQ Wealth Advisors LLC lifted its position in shares of United Parcel Service by 167.5% during the 1st quarter. ARQ Wealth Advisors LLC now owns 19,112 shares of the transportation company’s stock worth $1,880,000 after purchasing an additional 11,967 shares during the last quarter. Lincoln Capital LLC lifted its position in shares of United Parcel Service by 992.9% during the 1st quarter. Lincoln Capital LLC now owns 50,033 shares of the transportation company’s stock worth $4,922,000 after purchasing an additional 45,455 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. acquired a new position in shares of United Parcel Service during the 1st quarter worth about $10,046,000. 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.