United Parcel Service, Inc. (NYSE:UPS)‘s stock had its “hold” rating reiterated by stock analysts at Robert W. Baird in a report issued on Friday. They currently have a $118.00 price target on the transportation company’s stock. Robert W. Baird’s price target suggests a potential upside of 4.06% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. BidaskClub raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Seaport Global Securities began coverage on shares of United Parcel Service in a research report on Tuesday, June 6th. They issued a “neutral” rating for the company. Credit Suisse Group reissued a “neutral” rating and issued a $108.00 target price on shares of United Parcel Service in a research report on Tuesday, August 15th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $116.00 target price on shares of United Parcel Service in a research report on Friday, May 19th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. United Parcel Service has an average rating of “Hold” and a consensus target price of $114.80.

United Parcel Service (NYSE:UPS) traded up 0.04% during midday trading on Friday, hitting $113.40. 2,015,061 shares of the stock traded hands. The company has a 50-day moving average of $112.04 and a 200-day moving average of $108.21. The stock has a market cap of $98.20 billion, a PE ratio of 27.88 and a beta of 0.88. United Parcel Service has a 1-year low of $102.12 and a 1-year high of $120.44.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.12. The company had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. United Parcel Service’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.43 earnings per share. On average, equities analysts expect that United Parcel Service will post $6.01 EPS for the current fiscal year.

WARNING: This report was reported by American Banking News and is the property of of American Banking News. If you are accessing this report on another publication, it was illegally copied and republished in violation of international trademark & copyright laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/08/26/united-parcel-service-inc-ups-stock-rating-reaffirmed-by-robert-w-baird.html.

In other United Parcel Service news, SVP Kathleen M. Gutmann sold 2,000 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $107.49, for a total transaction of $214,980.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James J. Barber sold 3,556 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $110.85, for a total value of $394,182.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,255 shares of company stock valued at $2,628,619. Insiders own 0.59% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Kovitz Investment Group increased its position in shares of United Parcel Service by 30.9% in the third quarter. Kovitz Investment Group now owns 343,659 shares of the transportation company’s stock valued at $33,916,000 after buying an additional 81,193 shares during the last quarter. Ken Stern & Associates increased its position in shares of United Parcel Service by 19.9% in the third quarter. Ken Stern & Associates now owns 3,761 shares of the transportation company’s stock valued at $371,000 after buying an additional 623 shares during the last quarter. J. Goldman & Company acquired a new position in shares of United Parcel Service during the third quarter valued at approximately $8,350,000. TrimTabs Asset Management acquired a new position in shares of United Parcel Service during the third quarter valued at approximately $2,202,000. Finally, Park National increased its position in shares of United Parcel Service by 2.0% in the fourth quarter. Park National now owns 102,892 shares of the transportation company’s stock valued at $9,902,000 after buying an additional 2,018 shares during the last quarter. 52.90% of the stock is owned by hedge funds and other institutional investors.

About United Parcel Service

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

Analyst Recommendations for United Parcel Service (NYSE:UPS)

Receive News & Ratings for United Parcel Service Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service Inc. and related companies with MarketBeat.com's FREE daily email newsletter.