United Parcel Service (NYSE:UPS) was upgraded by equities research analysts at BMO Capital Markets from an “underperform” rating to a “market perform” rating in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a $195.00 target price on the transportation company’s stock, up from their previous target price of $150.00. BMO Capital Markets’ price objective suggests a potential downside of 9.08% from the company’s previous close.
Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. restated a “neutral” rating and set a $181.00 price target on shares of United Parcel Service in a report on Tuesday, April 27th. Morgan Stanley raised their price target on shares of United Parcel Service from $80.00 to $120.00 and gave the company an “underweight” rating in a research report on Wednesday, April 28th. Craig Hallum increased their target price on United Parcel Service from $12.00 to $25.00 in a research note on Monday, February 8th. Barclays restated a “neutral” rating and issued a $205.00 price target on shares of United Parcel Service in a research note on Wednesday, April 28th. Finally, TheStreet upgraded shares of United Parcel Service from a “c” rating to an “a” rating in a research note on Tuesday, April 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. United Parcel Service has an average rating of “Buy” and a consensus price target of $192.21.
United Parcel Service stock traded up $2.27 on Tuesday, hitting $214.47. 81,604 shares of the stock traded hands, compared to its average volume of 3,783,137. The business’s fifty day simple moving average is $174.74 and its 200 day simple moving average is $167.34. The firm has a market cap of $185.95 billion, a P/E ratio of 40.34, a price-to-earnings-growth ratio of 2.47 and a beta of 0.98. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 4.16. United Parcel Service has a 1 year low of $88.85 and a 1 year high of $213.38.
In other United Parcel Service news, Director Wayne M. Hewett acquired 625 shares of the business’s stock in a transaction on Wednesday, February 24th. The shares were bought at an average price of $159.82 per share, with a total value of $99,887.50. Following the transaction, the director now directly owns 868 shares of the company’s stock, valued at approximately $138,723.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Laura J. Lane sold 2,375 shares of United Parcel Service stock in a transaction on Friday, February 26th. The stock was sold at an average price of $157.93, for a total value of $375,083.75. 0.57% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Wealthcare Capital Management LLC bought a new stake in shares of United Parcel Service during the first quarter valued at approximately $25,000. JJJ Advisors Inc. increased its stake in shares of United Parcel Service by 243.8% during the fourth quarter. JJJ Advisors Inc. now owns 165 shares of the transportation company’s stock valued at $28,000 after buying an additional 117 shares during the period. Inspire Advisors LLC bought a new position in United Parcel Service during the 4th quarter worth about $29,000. Oder Investment Management LLC purchased a new stake in shares of United Parcel Service in the 4th quarter worth approximately $29,000. Finally, Duncker Streett & Co. Inc. boosted its stake in shares of United Parcel Service by 76.2% during the first quarter. Duncker Streett & Co. Inc. now owns 185 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 80 shares in the last quarter. 55.68% of the stock is owned by institutional investors.
About United Parcel Service
United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
Recommended Story: What is the Russell 2000 Index?
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.