United Parcel Service (NYSE:UPS) Raised to Buy at StockNews.com

United Parcel Service (NYSE:UPSGet Rating) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

A number of other research firms also recently weighed in on UPS. JPMorgan Chase & Co. set a $180.00 price target on United Parcel Service in a research note on Tuesday, October 25th. Wells Fargo & Company reduced their target price on United Parcel Service from $207.00 to $195.00 and set an “overweight” rating for the company in a research note on Wednesday, January 4th. Cowen reduced their target price on United Parcel Service from $232.00 to $187.00 and set a “market perform” rating for the company in a research note on Wednesday, October 26th. Evercore ISI lifted their target price on United Parcel Service from $181.00 to $203.00 and gave the stock an “in-line” rating in a research note on Monday, December 19th. Finally, UBS Group lifted their target price on United Parcel Service from $182.00 to $196.00 and gave the stock a “buy” rating in a research note on Wednesday, October 26th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and an average price target of $200.41.

United Parcel Service Stock Down 0.3 %

UPS stock traded down $0.49 during mid-day trading on Tuesday, reaching $179.99. The company had a trading volume of 1,950,875 shares, compared to its average volume of 2,514,492. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a 50 day simple moving average of $179.48 and a two-hundred day simple moving average of $180.93. The company has a market capitalization of $155.68 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 1.81 and a beta of 1.12. United Parcel Service has a 52 week low of $154.87 and a 52 week high of $233.72.

United Parcel Service (NYSE:UPSGet Rating) last posted its quarterly earnings results on Tuesday, October 25th. The transportation company reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. The firm had revenue of $24.16 billion during the quarter, compared to the consensus estimate of $24.34 billion. United Parcel Service had a return on equity of 71.90% and a net margin of 11.07%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $2.71 earnings per share. As a group, equities analysts predict that United Parcel Service will post 12.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On United Parcel Service

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in United Parcel Service by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 67,099,021 shares of the transportation company’s stock worth $10,839,176,000 after purchasing an additional 601,166 shares in the last quarter. Northern Trust Corp grew its position in shares of United Parcel Service by 0.6% in the 2nd quarter. Northern Trust Corp now owns 9,330,255 shares of the transportation company’s stock valued at $1,703,145,000 after buying an additional 56,838 shares during the last quarter. Franklin Resources Inc. grew its position in shares of United Parcel Service by 27.0% in the 2nd quarter. Franklin Resources Inc. now owns 6,412,452 shares of the transportation company’s stock valued at $1,170,529,000 after buying an additional 1,362,612 shares during the last quarter. Legal & General Group Plc grew its position in shares of United Parcel Service by 3.3% in the 2nd quarter. Legal & General Group Plc now owns 4,900,322 shares of the transportation company’s stock valued at $894,509,000 after buying an additional 157,479 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of United Parcel Service by 2.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,163,287 shares of the transportation company’s stock valued at $892,858,000 after buying an additional 93,463 shares during the last quarter. Institutional investors and hedge funds own 58.92% of the company’s stock.

United Parcel Service Company Profile

(Get Rating)

United Parcel Service, Inc operates as a logistics and package delivery company that provides supply chain management services. Its logistics services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage, insurance, and financing. The firm operates through the following segments: U.S.

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