United Parcel Service (NYSE:UPS) PT Raised to $160.00 at Bank of America

United Parcel Service (NYSE:UPS) had its price target hoisted by Bank of America from $157.00 to $160.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Bank of America‘s target price would indicate a potential upside of 8.51% from the stock’s current price.

A number of other research analysts have also recently weighed in on UPS. Susquehanna lifted their price objective on shares of United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday. UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $160.00 to $175.00 in a report on Tuesday, February 6th. Daiwa Capital Markets cut shares of United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 price objective for the company. in a report on Tuesday, December 26th. Evercore ISI reaffirmed an “in-line” rating and issued a $154.00 price objective on shares of United Parcel Service in a report on Wednesday, March 27th. Finally, Robert W. Baird raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $165.00 to $170.00 in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $166.96.

United Parcel Service Trading Up 0.6 %

Shares of United Parcel Service stock opened at $147.45 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a fifty day moving average price of $149.57 and a 200 day moving average price of $151.01. United Parcel Service has a 1 year low of $133.68 and a 1 year high of $192.98. The stock has a market cap of $125.72 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 1.73 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The firm had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. During the same quarter last year, the company posted $2.20 earnings per share. The firm’s revenue was down 5.3% compared to the same quarter last year. Equities research analysts predict that United Parcel Service will post 8.2 earnings per share for the current year.

Insider Buying and Selling

In other United Parcel Service news, Director Eva C. Boratto purchased 1,400 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were purchased at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the transaction, the director now owns 1,400 shares of the company’s stock, valued at approximately $199,220. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On United Parcel Service

A number of institutional investors and hedge funds have recently bought and sold shares of the business. LifePro Asset Management acquired a new position in United Parcel Service during the first quarter worth about $218,000. TI Trust Inc. boosted its holdings in United Parcel Service by 17.9% in the 1st quarter. TI Trust Inc. now owns 2,515 shares of the transportation company’s stock valued at $374,000 after purchasing an additional 381 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in United Parcel Service by 17.9% in the 1st quarter. Verdence Capital Advisors LLC now owns 28,640 shares of the transportation company’s stock valued at $4,257,000 after purchasing an additional 4,343 shares during the last quarter. Petredis Investment Advisors LLC boosted its holdings in United Parcel Service by 5.2% in the 1st quarter. Petredis Investment Advisors LLC now owns 13,445 shares of the transportation company’s stock valued at $1,998,000 after purchasing an additional 670 shares during the last quarter. Finally, Emerald Advisors LLC boosted its holdings in United Parcel Service by 20.1% in the 1st quarter. Emerald Advisors LLC now owns 3,776 shares of the transportation company’s stock valued at $561,000 after purchasing an additional 632 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

About United Parcel Service

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.