United Parcel Service (NYSE:UPS) Upgraded at Wall Street Zen

United Parcel Service (NYSE:UPS) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Other equities analysts have also issued reports about the company. Stephens raised United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 8th. Evercore decreased their price target on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research note on Wednesday, April 22nd. UBS Group lowered their price objective on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Susquehanna upped their target price on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, Citigroup raised their price target on shares of United Parcel Service from $127.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $111.10.

United Parcel Service Price Performance

UPS stock opened at $117.77 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21. The company’s 50-day moving average is $106.68 and its 200-day moving average is $106.10. The stock has a market capitalization of $100.10 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05. United Parcel Service has a 1 year low of $82.00 and a 1 year high of $122.41.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The firm’s revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.49 EPS. Equities research analysts expect that United Parcel Service will post 7.1 EPS for the current fiscal year.

Institutional Trading of United Parcel Service

A number of hedge funds have recently bought and sold shares of the business. Brighton Jones LLC grew its position in United Parcel Service by 63.8% during the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after buying an additional 4,723 shares during the period. Sivia Capital Partners LLC bought a new stake in United Parcel Service in the second quarter worth about $277,000. SVB Wealth LLC bought a new stake in United Parcel Service in the second quarter worth about $848,000. Treasurer of the State of North Carolina boosted its stake in United Parcel Service by 2.7% in the second quarter. Treasurer of the State of North Carolina now owns 342,866 shares of the transportation company’s stock valued at $34,609,000 after acquiring an additional 9,124 shares during the last quarter. Finally, Ieq Capital LLC grew its position in shares of United Parcel Service by 154.5% during the 2nd quarter. Ieq Capital LLC now owns 104,819 shares of the transportation company’s stock valued at $10,580,000 after acquiring an additional 63,629 shares during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Company Profile

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.