Research analysts at Goldman Sachs Group began coverage on shares of United Parcel Service (NYSE:UPS) in a research note issued on Monday, November 13th, MarketBeat.com reports. The firm set a “buy” rating and a $148.00 price target on the transportation company’s stock. Goldman Sachs Group’s price objective would indicate a potential upside of 24.21% from the stock’s previous close.
A number of other research analysts have also recently commented on UPS. Zacks Investment Research cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Cowen reissued a “hold” rating on shares of United Parcel Service in a report on Wednesday, July 19th. BidaskClub cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Friday, July 28th. TheStreet raised shares of United Parcel Service from a “c” rating to a “b” rating in a report on Thursday, July 27th. Finally, Citigroup upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and raised their price objective for the company from $115.00 to $128.00 in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. United Parcel Service currently has an average rating of “Hold” and an average price target of $121.39.
United Parcel Service (NYSE:UPS) traded up $0.10 during mid-day trading on Monday, hitting $119.15. 2,604,224 shares of the stock were exchanged, compared to its average volume of 2,724,624. The company has a market capitalization of $102,675.13, a PE ratio of 29.20, a P/E/G ratio of 2.14 and a beta of 0.92. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06. United Parcel Service has a 52-week low of $102.12 and a 52-week high of $125.16.
A number of hedge funds and other institutional investors have recently modified their holdings of UPS. State of Wisconsin Investment Board grew its position in shares of United Parcel Service by 50.0% during the 2nd quarter. State of Wisconsin Investment Board now owns 718,476 shares of the transportation company’s stock worth $79,456,000 after buying an additional 239,350 shares during the period. Brookstone Capital Management grew its position in shares of United Parcel Service by 9.0% during the 2nd quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock worth $6,096,000 after buying an additional 4,541 shares during the period. Wesbanco Bank Inc. grew its position in shares of United Parcel Service by 9.4% during the 2nd quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock worth $6,845,000 after buying an additional 5,325 shares during the period. Bank of The Ozarks grew its position in shares of United Parcel Service by 17.9% during the 1st quarter. Bank of The Ozarks now owns 5,823 shares of the transportation company’s stock worth $625,000 after buying an additional 886 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of United Parcel Service by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock worth $5,058,196,000 after buying an additional 1,030,326 shares during the period. Institutional investors and hedge funds own 53.49% of the company’s stock.
About United Parcel Service
United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.
