United Parcel Service (NYSE:UPS) Price Target Raised to $115.00 at Susquehanna

United Parcel Service (NYSE:UPS) had its target price upped by equities research analysts at Susquehanna from $105.00 to $115.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target would indicate a potential upside of 7.65% from the company’s current price.

A number of other brokerages also recently issued reports on UPS. BNP Paribas Exane downgraded United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 price target for the company. in a report on Tuesday, January 13th. Stifel Nicolaus boosted their target price on United Parcel Service from $110.00 to $112.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Sanford C. Bernstein increased their price target on shares of United Parcel Service from $122.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, January 9th. Wells Fargo & Company boosted their price objective on shares of United Parcel Service from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $111.73.

United Parcel Service Stock Down 0.1%

United Parcel Service stock traded down $0.08 during mid-day trading on Tuesday, reaching $106.83. 2,074,144 shares of the company’s stock were exchanged, compared to its average volume of 4,919,175. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. United Parcel Service has a twelve month low of $82.00 and a twelve month high of $136.99. The company has a market cap of $90.63 billion, a P/E ratio of 16.51, a P/E/G ratio of 2.33 and a beta of 1.11. The company has a fifty day moving average of $99.48 and a 200-day moving average of $93.17.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The business had revenue of $21.42 billion for the quarter, compared to analysts’ expectations of $20.94 billion. During the same period last year, the firm earned $1.76 earnings per share. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. Sell-side analysts expect that United Parcel Service will post 7.95 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of UPS. Cornerstone Wealth Group LLC raised its position in shares of United Parcel Service by 3.9% in the second quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock valued at $258,000 after buying an additional 97 shares during the last quarter. Tema Etfs LLC raised its holdings in United Parcel Service by 0.8% in the fourth quarter. Tema Etfs LLC now owns 12,999 shares of the transportation company’s stock valued at $1,289,000 after buying an additional 101 shares during the period. CFS Investment Advisory Services LLC grew its stake in United Parcel Service by 2.6% during the third quarter. CFS Investment Advisory Services LLC now owns 4,268 shares of the transportation company’s stock worth $372,000 after buying an additional 108 shares during the period. Center for Financial Planning Inc. increased its holdings in United Parcel Service by 4.6% in the 3rd quarter. Center for Financial Planning Inc. now owns 2,558 shares of the transportation company’s stock valued at $214,000 after purchasing an additional 112 shares in the last quarter. Finally, Gleason Group Inc. lifted its stake in shares of United Parcel Service by 1.7% during the second quarter. Gleason Group Inc. now owns 6,864 shares of the transportation company’s stock worth $693,000 after purchasing an additional 113 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

About United Parcel Service

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.