United Parcel Service (NYSE:UPS) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

United Parcel Service (NYSE:UPS) had its price objective hoisted by Stifel Nicolaus from $110.00 to $112.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 10.89% from the stock’s previous close.

A number of other analysts have also recently issued reports on UPS. Truist Financial increased their target price on United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Wells Fargo & Company raised their price objective on shares of United Parcel Service from $91.00 to $96.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. BMO Capital Markets reaffirmed a “market perform” rating and set a $96.00 price objective (down from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. UBS Group raised their target price on shares of United Parcel Service from $110.00 to $113.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Citigroup increased their price objective on shares of United Parcel Service from $112.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $110.09.

United Parcel Service Trading Up 0.9%

Shares of NYSE UPS opened at $101.00 on Tuesday. United Parcel Service has a twelve month low of $82.00 and a twelve month high of $136.99. The stock has a market cap of $85.68 billion, a price-to-earnings ratio of 15.61, a P/E/G ratio of 2.39 and a beta of 1.11. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The company’s fifty day moving average is $93.25 and its 200-day moving average is $92.74.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.31 by $0.43. The business had revenue of $21.42 billion for the quarter, compared to the consensus estimate of $20.94 billion. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The firm’s revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.76 EPS. Equities research analysts predict that United Parcel Service will post 7.95 EPS for the current year.

Hedge Funds Weigh In On United Parcel Service

Large investors have recently modified their holdings of the stock. Evelyn Partners Investment Management Europe Ltd boosted its holdings in shares of United Parcel Service by 110.1% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after acquiring an additional 131 shares during the period. Mid American Wealth Advisory Group Inc. acquired a new stake in United Parcel Service during the 2nd quarter worth approximately $26,000. Salzhauer Michael bought a new stake in United Parcel Service in the 3rd quarter valued at $31,000. Physician Wealth Advisors Inc. grew its holdings in United Parcel Service by 76.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock valued at $31,000 after buying an additional 163 shares in the last quarter. Finally, Saudi Central Bank acquired a new position in United Parcel Service in the 1st quarter valued at $32,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.