United Parcel Service (NYSE:UPS) Lifted to “Market Perform” at BMO Capital Markets


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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.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 27th. The transportation company reported $2.77 EPS for the quarter, topping the consensus estimate of $1.72 by $1.05. United Parcel Service had a net margin of 5.71% and a return on equity of 161.20%. The business had revenue of $22.91 billion for the quarter, compared to analyst estimates of $20.62 billion. During the same quarter in the previous year, the firm posted $1.15 earnings per share. United Parcel Service’s quarterly revenue was up 27.0% on a year-over-year basis. As a group, analysts predict that United Parcel Service will post 7.68 earnings per share for the current year.

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.

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Analyst Recommendations for United Parcel Service (NYSE:UPS)

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