BMO Capital Markets Boosts United Parcel Service (NYSE:UPS) Price Target to $169.00

United Parcel Service (NYSE:UPS) had its target price increased by analysts at BMO Capital Markets from $165.00 to $169.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “market perform” rating on the transportation company’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 16.83% from the stock’s current price.

UPS has been the subject of several other research reports. Susquehanna upped their price target on United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday. Raymond James dropped their target price on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 31st. Oppenheimer increased their target price on United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft dropped their target price 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. Finally, Evercore ISI reissued an “in-line” rating and issued a $154.00 target price on shares of United Parcel Service in a report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $166.39.

United Parcel Service Stock Performance

NYSE:UPS traded down $4.21 during mid-day trading on Wednesday, hitting $144.66. 2,011,107 shares of the company’s stock traded hands, compared to its average volume of 4,319,176. The firm has a 50 day moving average of $149.52 and a two-hundred day moving average of $151.06. United Parcel Service has a 12 month low of $133.68 and a 12 month high of $192.98. The firm has a market capitalization of $123.34 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.09.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.33 by $0.10. The firm had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.20 EPS. On average, equities analysts forecast that United Parcel Service will post 8.2 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Eva C. Boratto bought 1,400 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were bought at an average price of $142.30 per share, with a total value of $199,220.00. Following the completion of the transaction, the director now owns 1,400 shares of the company’s stock, valued at $199,220. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by company insiders.

Institutional Investors Weigh In On United Parcel Service

A number of large investors have recently added to or reduced their stakes in the stock. OFI Invest Asset Management bought a new stake in United Parcel Service during the third quarter worth $25,000. Tennessee Valley Asset Management Partners bought a new stake in United Parcel Service during the fourth quarter worth $26,000. Life Planning Partners Inc bought a new position in shares of United Parcel Service in the 4th quarter valued at $28,000. Northwest Financial Advisors bought a new position in shares of United Parcel Service in the 4th quarter valued at $28,000. Finally, Bourgeon Capital Management LLC bought a new position in shares of United Parcel Service in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

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.