United Parcel Service (NYSE:UPS) had its target price hoisted by investment analysts at Morgan Stanley from $79.00 to $90.00 in a report issued on Friday. The firm presently has an “underweight” rating on the transportation company’s stock. Morgan Stanley’s price target would suggest a potential downside of 23.18% from the company’s previous close.
A number of other equities research analysts have also recently weighed in on UPS. BMO Capital Markets upped their price target on United Parcel Service to $130.00 and gave the stock a “market perform” rating in a report on Friday. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “strong-buy” rating and set a $150.00 target price on the stock in a report on Thursday. Credit Suisse Group reiterated a “hold” rating and set a $137.00 target price on shares of United Parcel Service in a report on Wednesday, January 17th. Stifel Nicolaus increased their target price on United Parcel Service from $103.00 to $112.00 and gave the company a “hold” rating in a report on Friday, October 27th. Finally, Oppenheimer reiterated a “buy” rating and set a $123.00 target price on shares of United Parcel Service in a report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $126.14.
United Parcel Service (NYSE UPS) traded down $2.36 on Friday, hitting $117.15. The company had a trading volume of 1,574,087 shares, compared to its average volume of 4,106,561. The firm has a market cap of $101,050.00, a PE ratio of 20.88, a P/E/G ratio of 1.95 and a beta of 0.91. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33. United Parcel Service has a 1-year low of $102.12 and a 1-year high of $135.53.
Institutional investors and hedge funds have recently modified their holdings of the stock. Kovitz Investment Group raised its position in 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 purchasing an additional 81,193 shares during the period. Ken Stern & Associates grew its stake in shares of United Parcel Service by 19.9% during the third quarter. Ken Stern & Associates now owns 3,761 shares of the transportation company’s stock valued at $371,000 after acquiring an additional 623 shares in the last quarter. J. Goldman & Company acquired a new stake in shares of United Parcel Service during the third quarter valued at about $8,350,000. TrimTabs Asset Management acquired a new stake in shares of United Parcel Service during the third quarter valued at about $2,202,000. Finally, Park National grew its stake in shares of United Parcel Service by 2.0% during the fourth quarter. Park National now owns 102,892 shares of the transportation company’s stock valued at $9,902,000 after acquiring an additional 2,018 shares in the last quarter. 53.56% of the stock is currently 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.
