United Parcel Service (NYSE:UPS) Price Target Raised to $113.00

United Parcel Service (NYSE:UPS) had its price target hoisted by Evercore ISI from $94.00 to $113.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has an in-line rating on the transportation company’s stock.

UPS has been the topic of a number of other research reports. Wells Fargo & Company boosted their target price on shares of United Parcel Service from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. Wolfe Research reissued a “peer perform” rating on shares of United Parcel Service in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a report on Thursday, October 2nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus increased their target price on shares of United Parcel Service from $110.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $111.84.

United Parcel Service Trading Down 1.2%

United Parcel Service stock opened at $108.02 on Wednesday. United Parcel Service has a 52 week low of $82.00 and a 52 week high of $136.99. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market capitalization of $91.65 billion, a PE ratio of 16.70, a PEG ratio of 2.36 and a beta of 1.11. The business’s 50-day simple moving average is $100.47 and its 200-day simple moving average is $93.45.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.43. The firm had revenue of $21.42 billion for the quarter, compared to analyst estimates of $20.94 billion. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The company’s revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 EPS. Equities research analysts forecast that United Parcel Service will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were paid a dividend of $1.64 per share. The ex-dividend date was Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.1%. United Parcel Service’s dividend payout ratio (DPR) is currently 101.39%.

Institutional Investors Weigh In On United Parcel Service

Several large investors have recently modified their holdings of UPS. Evelyn Partners Investment Management Europe Ltd boosted its stake in United Parcel Service by 110.1% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock valued at $25,000 after buying an additional 131 shares in the last quarter. Mid American Wealth Advisory Group Inc. bought a new position in shares of United Parcel Service during the second quarter valued at $26,000. Salzhauer Michael acquired a new stake in shares of United Parcel Service in the 3rd quarter valued at $31,000. Physician Wealth Advisors Inc. boosted its stake in shares of United Parcel Service by 76.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 163 shares in the last quarter. Finally, RMG Wealth Management LLC bought a new stake in shares of United Parcel Service in the 2nd quarter worth about $34,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Company Profile

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.