United Parcel Service, Inc. (NYSE:UPS) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of United Parcel Service, Inc. (NYSE:UPS) have earned a consensus recommendation of “Hold” from the twenty-three research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $165.23.

Several analysts recently weighed in on the company. BMO Capital Markets boosted their price objective on United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. Susquehanna boosted their price objective on United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a report on Thursday, March 28th. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating and boosted their price objective for the company from $150.00 to $170.00 in a report on Thursday, April 25th. Finally, Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a report on Wednesday, April 3rd.

United Parcel Service Stock Down 0.7 %

Shares of NYSE UPS opened at $147.47 on Friday. United Parcel Service has a 1 year low of $133.68 and a 1 year high of $192.98. The firm has a market cap of $125.74 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 1.69 and a beta of 1.05. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The stock’s 50-day simple moving average is $149.54 and its 200-day simple moving average is $150.80.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The business had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.20 earnings per share. As a group, equities analysts anticipate that United Parcel Service will post 8.23 earnings per share for the current fiscal year.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto acquired 1,400 shares of United Parcel Service stock in a transaction dated Friday, February 2nd. The stock was acquired 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 in the company, valued at approximately $199,220. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On United Parcel Service

Several hedge funds and other institutional investors have recently made changes to their positions in UPS. ARK Investment Management LLC lifted its position in United Parcel Service by 7.3% in the third quarter. ARK Investment Management LLC now owns 11,954 shares of the transportation company’s stock worth $1,863,000 after purchasing an additional 817 shares during the period. Advisory Alpha LLC lifted its position in United Parcel Service by 11.3% in the third quarter. Advisory Alpha LLC now owns 1,322 shares of the transportation company’s stock worth $206,000 after purchasing an additional 134 shares during the period. Secure Asset Management LLC lifted its position in United Parcel Service by 27.7% in the third quarter. Secure Asset Management LLC now owns 2,172 shares of the transportation company’s stock worth $339,000 after purchasing an additional 471 shares during the period. WASHINGTON TRUST Co lifted its position in United Parcel Service by 1.3% in the third quarter. WASHINGTON TRUST Co now owns 6,950 shares of the transportation company’s stock worth $1,083,000 after purchasing an additional 90 shares during the period. Finally, Stewart & Patten Co. LLC lifted its position in United Parcel Service by 2.1% in the third quarter. Stewart & Patten Co. LLC now owns 107,587 shares of the transportation company’s stock worth $16,770,000 after purchasing an additional 2,194 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Company Profile

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.