United Parcel Service (NYSE:UPS) had its price objective lifted by research analysts at BMO Capital Markets to $130.00 in a research report issued on Friday, The Fly reports. The brokerage presently has a “market perform” rating on the transportation company’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 8.78% from the company’s previous close.
UPS has been the topic of several other reports. JPMorgan Chase & Co. lifted their price target on shares of United Parcel Service from $113.00 to $114.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Loop Capital lifted their price target on shares of United Parcel Service from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a report on Friday, October 6th. Deutsche Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and lifted their price target for the stock from $125.00 to $135.00 in a report on Monday, December 4th. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $116.00 price target (up from $108.00) on shares of United Parcel Service in a report on Thursday, October 12th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. United Parcel Service has an average rating of “Hold” and a consensus target price of $125.49.
United Parcel Service (UPS) opened at $119.51 on Friday. 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 has a 1-year low of $102.12 and a 1-year high of $135.53. The stock has a market cap of $109,715.46 and a price-to-earnings ratio of 29.29.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Kovitz Investment Group Partners LLC lifted its position in United Parcel Service by 0.5% during the second quarter. Kovitz Investment Group Partners LLC now owns 326,913 shares of the transportation company’s stock valued at $36,153,000 after purchasing an additional 1,710 shares during the period. Palisade Asset Management LLC lifted its position in United Parcel Service by 56.0% during the second quarter. Palisade Asset Management LLC now owns 3,413 shares of the transportation company’s stock valued at $377,000 after purchasing an additional 1,225 shares during the period. Tradewinds Capital Management LLC lifted its position in United Parcel Service by 3.6% during the second quarter. Tradewinds Capital Management LLC now owns 21,875 shares of the transportation company’s stock valued at $2,419,000 after purchasing an additional 753 shares during the period. Wetherby Asset Management Inc. lifted its position in United Parcel Service by 14.8% during the second quarter. Wetherby Asset Management Inc. now owns 13,140 shares of the transportation company’s stock valued at $1,453,000 after purchasing an additional 1,695 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in United Parcel Service by 5.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 3,320,960 shares of the transportation company’s stock valued at $367,265,000 after purchasing an additional 164,438 shares during the period. 53.56% of the stock is currently 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.
