United Parcel Service, Inc. (NYSE:UPS) had its price target hoisted by investment analysts at Cowen and Company from $115.00 to $124.00 in a report issued on Monday. The firm currently has a “market perform” rating on the transportation company’s stock. Cowen and Company’s target price indicates a potential upside of 3.54% from the stock’s current price.

A number of other analysts have also weighed in on UPS. BidaskClub upgraded United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and upped their target price for the stock from $115.00 to $128.00 in a report on Tuesday, August 8th. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $123.00 target price (up previously from $116.00) on shares of United Parcel Service in a report on Wednesday, September 20th. Robert W. Baird restated a “hold” rating and set a $118.00 target price on shares of United Parcel Service in a report on Sunday, October 1st. Finally, TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $117.65.

United Parcel Service (NYSE:UPS) opened at 119.76 on Monday. United Parcel Service has a 1-year low of $102.12 and a 1-year high of $120.80. The stock has a market cap of $103.71 billion, a PE ratio of 29.45 and a beta of 0.90. The stock has a 50 day moving average price of $117.75 and a 200-day moving average price of $111.22.

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

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In other news, EVP Alan Gershenhorn sold 17,699 shares of the stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James J. Barber sold 3,556 shares of the company’s stock in a transaction on Monday, July 31st. The shares were 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. Corporate insiders own 0.59% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in shares of United Parcel Service by 0.3% in the 1st quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,477 shares of the transportation company’s stock valued at $159,000 after acquiring an additional 4 shares during the period. Alpha Windward LLC increased its position in shares of United Parcel Service by 0.4% in the 3rd quarter. Alpha Windward LLC now owns 1,796 shares of the transportation company’s stock valued at $196,000 after acquiring an additional 8 shares during the period. Savant Capital LLC increased its position in shares of United Parcel Service by 0.3% in the 2nd quarter. Savant Capital LLC now owns 3,490 shares of the transportation company’s stock valued at $376,000 after acquiring an additional 10 shares during the period. Investors Asset Management of Georgia Inc. GA ADV increased its position in shares of United Parcel Service by 0.4% in the 3rd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 2,715 shares of the transportation company’s stock valued at $297,000 after acquiring an additional 10 shares during the period. Finally, Trust Department MB Financial Bank N A increased its position in shares of United Parcel Service by 0.7% in the 2nd quarter. Trust Department MB Financial Bank N A now owns 2,130 shares of the transportation company’s stock valued at $206,000 after acquiring an additional 15 shares during the period. 52.86% of the stock is currently owned by hedge funds and other institutional investors.

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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