United Parcel Service (NYSE:UPS) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

United Parcel Service (NYSE:UPSGet Free Report) had its target price increased by analysts at JPMorgan Chase & Co. from $97.00 to $99.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 7.15% from the stock’s current price.

A number of other brokerages have also recently issued reports on UPS. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. Sanford C. Bernstein upped their price objective on United Parcel Service from $122.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Wells Fargo & Company upped their target price on shares of United Parcel Service from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. Truist Financial boosted their price target 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. Finally, Bank of America raised United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 price objective for the company in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seventeen have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $111.42.

Check Out Our Latest Stock Analysis on UPS

United Parcel Service Price Performance

NYSE:UPS opened at $106.62 on Monday. United Parcel Service has a one year low of $82.00 and a one year high of $136.99. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a 50 day moving average price of $98.40 and a 200 day moving average price of $93.07. The stock has a market cap of $90.46 billion, a PE ratio of 16.48, a P/E/G ratio of 2.35 and a beta of 1.11.

United Parcel Service (NYSE:UPSGet Free Report) last issued its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.43. The company had revenue of $21.42 billion during the quarter, compared to analyst estimates 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 for the quarter was down 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.76 earnings per share. Equities research analysts expect that United Parcel Service will post 7.95 EPS for the current fiscal year.

Hedge Funds Weigh In On United Parcel Service

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in United Parcel Service by 0.6% during the third quarter. Vanguard Group Inc. now owns 67,277,988 shares of the transportation company’s stock worth $5,619,730,000 after buying an additional 372,850 shares in the last quarter. State Street Corp raised its holdings in shares of United Parcel Service by 0.9% during the 3rd quarter. State Street Corp now owns 31,063,250 shares of the transportation company’s stock valued at $2,594,713,000 after purchasing an additional 288,720 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of United Parcel Service by 3.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 25,792,139 shares of the transportation company’s stock worth $2,603,459,000 after buying an additional 746,667 shares during the period. Geode Capital Management LLC boosted its holdings in United Parcel Service by 4.8% in the 2nd quarter. Geode Capital Management LLC now owns 16,623,834 shares of the transportation company’s stock valued at $1,675,733,000 after purchasing an additional 762,407 shares during the period. Finally, Norges Bank acquired a new position in shares of United Parcel Service in the 2nd quarter valued at $851,842,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

More United Parcel Service News

Here are the key news stories impacting United Parcel Service this week:

United Parcel Service Company Profile

(Get Free Report)

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

Further Reading

Analyst Recommendations for United Parcel Service (NYSE:UPS)

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.