United Parcel Service (NYSE:UPS) was upgraded by equities researchers at Deutsche Bank from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, Marketbeat reports. The firm currently has a $135.00 target price on the transportation company’s stock, up from their previous target price of $125.00. Deutsche Bank’s price target indicates a potential upside of 9.12% from the company’s previous close.

Several other equities analysts have also commented on UPS. Citigroup upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and upped their price target for the stock from $115.00 to $128.00 in a research report on Tuesday, August 8th. BidaskClub upgraded shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Credit Suisse Group reiterated a “neutral” rating and issued a $108.00 target price on shares of United Parcel Service in a research report on Tuesday, August 15th. Robert W. Baird reiterated a “hold” rating and issued a $118.00 target price on shares of United Parcel Service in a research report on Friday, August 25th. Finally, Oppenheimer restated a “buy” rating and set a $123.00 price objective (up previously from $116.00) on shares of United Parcel Service in a research report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. United Parcel Service has a consensus rating of “Hold” and an average price target of $121.45.

Shares of United Parcel Service (NYSE UPS) traded up $3.41 during trading hours on Monday, hitting $123.72. 4,535,037 shares of the company’s stock were exchanged, compared to its average volume of 2,712,831. The firm has a market capitalization of $106,610.00, a PE ratio of 20.12, a price-to-earnings-growth ratio of 2.16 and a beta of 0.92. United Parcel Service has a 52 week low of $102.12 and a 52 week high of $125.16. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, hitting the consensus estimate of $1.45. The business had revenue of $15.98 billion during the quarter, compared to analyst estimates of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.44 earnings per share. sell-side analysts predict that United Parcel Service will post 6.01 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in United Parcel Service by 2,550.9% during the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock valued at $4,834,013,000 after acquiring an additional 43,351,873 shares in the last quarter. Lazard Asset Management LLC grew its holdings in United Parcel Service by 3,875,867.0% during the first quarter. Lazard Asset Management LLC now owns 4,341,083 shares of the transportation company’s stock valued at $465,797,000 after purchasing an additional 4,340,971 shares during the last quarter. Janus Henderson Group PLC grew its holdings in United Parcel Service by 775.8% during the second quarter. Janus Henderson Group PLC now owns 2,766,792 shares of the transportation company’s stock valued at $305,978,000 after purchasing an additional 2,450,868 shares during the last quarter. Federated Investors Inc. PA grew its holdings in United Parcel Service by 2,005.9% during the second quarter. Federated Investors Inc. PA now owns 1,518,872 shares of the transportation company’s stock valued at $167,972,000 after purchasing an additional 1,446,749 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in United Parcel Service by 119.6% during the second quarter. Parametric Portfolio Associates LLC now owns 2,605,748 shares of the transportation company’s stock valued at $288,170,000 after purchasing an additional 1,419,245 shares during the last quarter. 53.67% of the stock is owned by institutional investors and hedge funds.

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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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