Shares of United Parcel Service, Inc. (NYSE:UPS) have been assigned an average rating of “Hold” from the twenty ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $119.64.
A number of equities research analysts recently weighed in on the stock. Credit Suisse Group set a $119.00 target price on shares of United Parcel Service and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Stifel Nicolaus lowered shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 price objective for the company. in a research note on Monday, July 29th. Goldman Sachs Group assumed coverage on shares of United Parcel Service in a research note on Wednesday, July 10th. They issued a “buy” rating and a $123.00 price objective for the company. Zacks Investment Research upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $101.00 price objective for the company in a research note on Thursday, May 23rd. Finally, Loop Capital increased their price objective on shares of United Parcel Service to $140.00 and gave the company a “buy” rating in a research note on Thursday, July 25th.
UPS traded up $0.15 during trading on Tuesday, hitting $115.00. 4,287,593 shares of the stock traded hands, compared to its average volume of 4,087,794. United Parcel Service has a twelve month low of $89.89 and a twelve month high of $125.09. The firm has a market cap of $98.86 billion, a P/E ratio of 15.88, a price-to-earnings-growth ratio of 1.79 and a beta of 1.23. The company has a debt-to-equity ratio of 4.62, a quick ratio of 1.09 and a current ratio of 1.09. The business’s 50 day moving average is $106.83.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in United Parcel Service by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,094,438 shares of the transportation company’s stock worth $204,264,000 after buying an additional 58,079 shares during the last quarter. Geode Capital Management LLC grew its stake in United Parcel Service by 7.9% in the 4th quarter. Geode Capital Management LLC now owns 8,008,476 shares of the transportation company’s stock valued at $779,687,000 after acquiring an additional 585,738 shares during the period. Dubuque Bank & Trust Co. grew its stake in United Parcel Service by 31.9% in the 1st quarter. Dubuque Bank & Trust Co. now owns 50,689 shares of the transportation company’s stock valued at $5,664,000 after acquiring an additional 12,254 shares during the period. CX Institutional acquired a new stake in United Parcel Service in the 1st quarter valued at $29,000. Finally, Fulton Bank N.A. boosted its stake in United Parcel Service by 17.9% during the 1st quarter. Fulton Bank N.A. now owns 32,568 shares of the transportation company’s stock worth $3,639,000 after purchasing an additional 4,948 shares during the last quarter. 55.48% of the stock is owned by institutional investors.
About United Parcel Service
United Parcel Service, Inc provides letter and package delivery, specialized 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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