Stephens cuts United Parcel Service (NYSE:UPS) price target to $210.00
United Parcel Service (NYSE:UPS – Get an Assessment) had its target price reduced by Stephens equity researchers to $210.00 in a research note released Wednesday, Stock Target Advisor reports. The company currently has an “outperform” rating on shares of the transportation company. Stephens’ target price would indicate a potential upside of 14.26% from the company’s current price.
A number of other stock analysts have also recently released reports on UPS. Wells Fargo & Company lowered its price target on United Parcel Service shares from $270.00 to $223.00 and set an “overweight” rating on the stock in a research report Wednesday. Evercore ISI restated an “outperform” rating and issued a price target of $227.00 (from $255.00 previously) on United Parcel Service stock in a Tuesday, July 12 research report. Bank of America lowered its price target on United Parcel Service shares from $204.00 to $199.00 and set a “neutral” rating on the stock in a Wednesday, April 27 research report. Loop Capital moved United Parcel Service shares from a “hold” rating to a “buy” rating and cut its target price for the company from $232.00 to $189.00 in a Thursday research note April 14. Finally, Berenberg Bank set a target price of $200.00 on United Parcel Service shares in a research note on Wednesday. Two equity research analysts gave the stock a sell rating, ten issued a hold rating, fourteen issued a buy rating and one gave the stock a strong buy rating. the society. Based on data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and an average target price of $215.64.
United Parcel Service trades up 1.2%
NYSE:UPS traded $2.26 during trading hours on Wednesday, hitting $183.79. The company’s stock had a trading volume of 175,701 shares, compared to its average volume of 2,554,786. The company has a market cap of $160.59 billion, a price-earnings ratio of 15.01, a PEG ratio of 1.65 and a beta of 1.10. The company has a 50-day simple moving average of $179.93 and a 200-day simple moving average of $195.04. United Parcel Service has a 1 year minimum of $165.34 and a 1 year maximum of $233.72. The company has a debt ratio of 1.28, a quick ratio of 1.52 and a current ratio of 1.52.
United Parcel Service (NYSE:UPS – Get Rating) last released quarterly earnings data on Tuesday, July 26. The transportation company reported earnings per share (EPS) of $3.29 for the quarter, beating consensus analyst estimates of $3.16 by $0.13. United Parcel Service achieved a net margin of 10.90% and a return on equity of 82.94%. The company posted revenue of $24.80 billion for the quarter, versus $24.59 billion expected by analysts. In the same quarter of the previous year, the company had earned earnings per share of $3.06. The company’s revenue for the quarter increased by 5.9% compared to the same quarter last year. Research analysts expect United Parcel Service to post EPS of 12.76 for the current fiscal year.
Institutional entries and exits
Several hedge funds and other institutional investors have recently changed their positions in UPS. Rational Advisors LLC increased its equity stake in United Parcel Service by 126.4% during the fourth quarter. Rational Advisors LLC now owns 120 shares of the transportation company valued at $26,000 after buying 67 additional shares in the last quarter. Cordant Inc. bought a new position in United Parcel Service stock during the first quarter valued at around $26,000. Worth Asset Management LLC purchased a new position in United Parcel Service stock during the first quarter worth approximately $27,000. DB Fitzpatrick & Co Inc bought a new position in United Parcel Service stock during the fourth quarter valued at around $28,000. Finally, Curi Wealth Management LLC bought a new position in United Parcel Service stock during the fourth quarter worth approximately $28,000. Institutional investors hold 57.85% of the company’s shares.
United Parcel Service Company Profile
(Get a rating)
United Parcel Service, Inc provides letter and package delivery, transportation, logistics and related services. It operates through two segments, US Domestic Package and International Package. The United States Domestic Parcel segment offers time-definite delivery of letters, documents, small packages and palletized freight through air and ground services within the United States.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in United Parcel Service right now?
Before you consider United Parcel Service, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and United Parcel Service was not on the list.
While United Parcel Service currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here