United Parcel Service (NYSE:UPS) Price Target Increased to $160.00 by Analysts at Bank of America

United Parcel Service (NYSE:UPS) had its price objective lifted by stock analysts at Bank of America from $157.00 to $160.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Bank of America‘s price objective indicates a potential upside of 9.77% from the stock’s current price.

UPS has been the topic of several other reports. Barclays cut their price target on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 31st. Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a report on Wednesday, April 3rd. Susquehanna increased their target price on shares of United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday. TheStreet upgraded United Parcel Service from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Finally, Oppenheimer raised their target price on United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $166.09.

United Parcel Service Stock Down 2.1 %

United Parcel Service stock traded down $3.11 during midday trading on Wednesday, hitting $145.76. 2,520,801 shares of the stock were exchanged, compared to its average volume of 4,325,160. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.10. The company has a 50 day moving average price of $149.52 and a two-hundred day moving average price of $151.06. The firm has a market cap of $124.28 billion, a P/E ratio of 18.71, a P/E/G ratio of 1.69 and a beta of 1.05. United Parcel Service has a 1 year low of $133.68 and a 1 year high of $192.98.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.33 by $0.10. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The business had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. During the same quarter in the previous year, the firm posted $2.20 earnings per share. The company’s revenue was down 5.3% compared to the same quarter last year. On average, sell-side analysts predict that United Parcel Service will post 8.2 earnings per share for the current fiscal year.

Insider Activity at United Parcel Service

In related news, Director Eva C. Boratto purchased 1,400 shares of the stock in a transaction on Friday, February 2nd. The shares were bought at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the acquisition, the director now directly owns 1,400 shares in the company, valued at approximately $199,220. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by company insiders.

Institutional Investors Weigh In On United Parcel Service

Hedge funds and other institutional investors have recently made changes to their positions in the business. Harbor Capital Advisors Inc. grew its holdings in United Parcel Service by 0.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock valued at $2,756,000 after buying an additional 64 shares during the last quarter. First Financial Corp IN increased its position in United Parcel Service by 24.2% during the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock worth $53,000 after acquiring an additional 65 shares during the period. Gleason Group Inc. raised its stake in United Parcel Service by 1.1% during the 4th quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock valued at $999,000 after purchasing an additional 66 shares during the last quarter. Cullen Investment Group LTD. boosted its holdings in United Parcel Service by 0.7% in the 1st quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock valued at $1,480,000 after purchasing an additional 68 shares during the period. Finally, Advisors Capital Management LLC grew its position in United Parcel Service by 0.5% in the 3rd quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock worth $2,351,000 after purchasing an additional 69 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Company Profile

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.