United Parcel Service (NYSE:UPS) Given New $130.00 Price Target at Morgan Stanley

United Parcel Service (NYSE:UPS) had its target price upped by Morgan Stanley from $120.00 to $130.00 in a report issued on Thursday morning, Price Targets.com reports. They currently have an underweight rating on the transportation company’s stock.

UPS has been the subject of a number of other research reports. Berenberg Bank set a $150.00 price objective on shares of United Parcel Service and gave the stock a neutral rating in a research note on Friday, May 28th. JPMorgan Chase & Co. raised shares of United Parcel Service from a neutral rating to an overweight rating and lifted their price target for the stock from $224.00 to $243.00 in a report on Thursday. The Goldman Sachs Group reaffirmed a buy rating and issued a $232.00 price target on shares of United Parcel Service in a report on Wednesday. Wells Fargo & Company lifted their price target on shares of United Parcel Service from $186.00 to $210.00 in a report on Wednesday, April 28th. Finally, Argus lifted their price target on shares of United Parcel Service from $185.00 to $220.00 and gave the stock a buy rating in a report on Wednesday, April 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $205.63.

Shares of NYSE:UPS opened at $203.20 on Thursday. The company has a market capitalization of $176.89 billion, a P/E ratio of 33.92, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. United Parcel Service has a 52 week low of $99.59 and a 52 week high of $219.59. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 3.06. The business has a 50 day simple moving average of $199.46.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 27th. The transportation company reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $1.05. The company had revenue of $22.91 billion during the quarter, compared to the consensus estimate of $20.62 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 193.06%. United Parcel Service’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.15 earnings per share. As a group, equities analysts anticipate that United Parcel Service will post 10.31 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 9th. Shareholders of record on Monday, May 24th were given a $1.02 dividend. The ex-dividend date was Friday, May 21st. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.01%. United Parcel Service’s dividend payout ratio (DPR) is currently 49.57%.

Institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its position in shares of United Parcel Service by 2.7% during the 1st quarter. BlackRock Inc. now owns 54,027,742 shares of the transportation company’s stock worth $9,184,177,000 after purchasing an additional 1,426,922 shares during the last quarter. FMR LLC raised its position in shares of United Parcel Service by 12.9% during the 4th quarter. FMR LLC now owns 19,738,328 shares of the transportation company’s stock worth $3,323,935,000 after purchasing an additional 2,260,739 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of United Parcel Service by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,094,970 shares of the transportation company’s stock worth $2,735,983,000 after purchasing an additional 714,173 shares during the last quarter. Geode Capital Management LLC raised its position in shares of United Parcel Service by 3.3% during the 1st quarter. Geode Capital Management LLC now owns 10,532,928 shares of the transportation company’s stock worth $1,785,114,000 after purchasing an additional 335,722 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of United Parcel Service by 0.9% during the 1st quarter. Northern Trust Corp now owns 8,997,213 shares of the transportation company’s stock worth $1,529,436,000 after purchasing an additional 83,101 shares during the last quarter. Institutional investors and hedge funds own 56.06% of the company’s stock.

United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Analyst Recommendations for United Parcel Service (NYSE:UPS)

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