United Parcel Service, Inc. (NYSE:UPS) had its price target upped by stock analysts at J P Morgan Chase & Co from $113.00 to $114.00 in a note issued to investors on Thursday. The brokerage presently has a “neutral” rating on the transportation company’s stock. J P Morgan Chase & Co’s price target would indicate a potential downside of 4.14% from the company’s previous close.

UPS has been the subject of a number of other research reports. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price objective for the company in a research report on Friday, October 6th. BidaskClub raised United Parcel Service from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $127.00 price objective on shares of United Parcel Service in a research report on Monday, July 3rd. Citigroup Inc. raised United Parcel Service from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $115.00 to $128.00 in a research report on Tuesday, August 8th. Finally, TheStreet raised United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $117.25.

Shares of United Parcel Service (UPS) traded up 0.16% during mid-day trading on Thursday, reaching $119.11. The company’s stock had a trading volume of 166,527 shares. The company’s 50-day moving average is $116.81 and its 200 day moving average is $110.62. United Parcel Service has a 1-year low of $102.12 and a 1-year high of $120.80. The firm has a market capitalization of $103.15 billion, a P/E ratio of 29.29 and a beta of 0.90.

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

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In related news, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Alan Gershenhorn sold 17,699 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total value of $2,019,455.90. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Fulton Bank N.A. lifted its stake in shares of United Parcel Service by 19.5% in the third quarter. Fulton Bank N.A. now owns 12,076 shares of the transportation company’s stock worth $1,450,000 after acquiring an additional 1,972 shares in the last quarter. Park National Corp OH lifted its stake in shares of United Parcel Service by 2.7% in the third quarter. Park National Corp OH now owns 118,859 shares of the transportation company’s stock worth $14,274,000 after acquiring an additional 3,162 shares in the last quarter. Cacti Asset Management LLC lifted its stake in shares of United Parcel Service by 7.8% in the third quarter. Cacti Asset Management LLC now owns 405,440 shares of the transportation company’s stock worth $48,093,000 after acquiring an additional 29,250 shares in the last quarter. W. E. Donoghue & Co. LLC acquired a new position in shares of United Parcel Service in the second quarter worth about $16,464,000. Finally, Intl Fcstone Inc. acquired a new position in shares of United Parcel Service in the second quarter worth about $3,611,000. Institutional investors and hedge funds own 52.86% of the company’s stock.

United Parcel Service Company Profile

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)

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