United Parcel Service, Inc. (NYSE:UPS) Receives $151.71 Consensus Target Price from Brokerages

Shares of United Parcel Service, Inc. (NYSE:UPS) have been given a consensus rating of “Moderate Buy” by the twenty-three ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, eleven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $151.52.

Several brokerages have recently commented on UPS. Susquehanna upped their target price on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Stifel Nicolaus upped their price objective on shares of United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, October 25th. UBS Group lifted their target price on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Barclays restated an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a research report on Monday, October 21st. Finally, Bank of America lifted their price objective on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th.

Hedge Funds Weigh In On United Parcel Service

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Soltis Investment Advisors LLC increased its stake in shares of United Parcel Service by 5.4% during the 3rd quarter. Soltis Investment Advisors LLC now owns 33,580 shares of the transportation company’s stock worth $4,578,000 after purchasing an additional 1,719 shares during the last quarter. Rehmann Capital Advisory Group boosted its holdings in United Parcel Service by 1.5% in the third quarter. Rehmann Capital Advisory Group now owns 15,845 shares of the transportation company’s stock worth $2,160,000 after purchasing an additional 229 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in United Parcel Service by 5.2% in the third quarter. Sunbelt Securities Inc. now owns 17,492 shares of the transportation company’s stock worth $2,385,000 after purchasing an additional 862 shares in the last quarter. Toronto Dominion Bank raised its holdings in United Parcel Service by 52.8% during the third quarter. Toronto Dominion Bank now owns 369,597 shares of the transportation company’s stock valued at $50,391,000 after buying an additional 127,734 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its holdings in United Parcel Service by 15.4% during the third quarter. Coldstream Capital Management Inc. now owns 13,027 shares of the transportation company’s stock valued at $1,774,000 after buying an additional 1,742 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

NYSE:UPS opened at $135.13 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The company has a 50-day moving average of $132.63 and a 200-day moving average of $134.51. United Parcel Service has a twelve month low of $123.12 and a twelve month high of $163.82. The firm has a market cap of $115.32 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 2.20 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the previous year, the business posted $1.57 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. Analysts forecast that United Parcel Service will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be paid a $1.63 dividend. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 4.82%. United Parcel Service’s payout ratio is 98.49%.

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.