United Parcel Service (NYSE:UPS) Price Target Raised to $127.00

United Parcel Service (NYSE:UPS) had its price target boosted by Citigroup from $118.00 to $127.00 in a report issued on Wednesday morning,Benzinga reports. Citigroup currently has a buy rating on the transportation company’s stock.

A number of other equities analysts have also commented on UPS. Wells Fargo & Company lifted their price target on shares of United Parcel Service from $96.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 28th. Oppenheimer boosted their target price on shares of United Parcel Service from $107.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. UBS Group boosted their target price on shares of United Parcel Service from $116.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Jefferies Financial Group boosted their target price on shares of United Parcel Service from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, Susquehanna boosted their target price on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, United Parcel Service presently has an average rating of “Hold” and an average price target of $112.08.

United Parcel Service Trading Down 1.1%

NYSE:UPS opened at $107.60 on Wednesday. United Parcel Service has a 12 month low of $82.00 and a 12 month high of $122.41. The firm has a market cap of $91.36 billion, a price-to-earnings ratio of 17.41, a P/E/G ratio of 1.73 and a beta of 1.12. The company has a quick ratio of 1.22, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. The company’s 50 day moving average is $103.46 and its 200-day moving average is $101.66.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The company had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the firm posted $1.49 earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. Equities analysts anticipate that United Parcel Service will post 7.11 EPS for the current year.

Institutional Investors Weigh In On United Parcel Service

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in United Parcel Service by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company’s stock worth $6,794,160,000 after buying an additional 1,218,432 shares in the last quarter. State Street Corp boosted its stake in United Parcel Service by 3.3% during the fourth quarter. State Street Corp now owns 32,092,627 shares of the transportation company’s stock worth $3,183,268,000 after buying an additional 1,029,377 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in United Parcel Service by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 27,142,759 shares of the transportation company’s stock worth $2,692,290,000 after buying an additional 856,125 shares in the last quarter. Geode Capital Management LLC boosted its stake in United Parcel Service by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 17,154,091 shares of the transportation company’s stock worth $1,703,291,000 after buying an additional 240,253 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in United Parcel Service by 72.9% during the fourth quarter. Victory Capital Management Inc. now owns 13,818,314 shares of the transportation company’s stock worth $1,370,639,000 after buying an additional 5,826,824 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

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.