United Parcel Service (NYSE:UPS) Stock Rating Upgraded by BMO Capital Markets

United Parcel Service (NYSE:UPS) was upgraded by equities researchers at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued to investors on Tuesday, MarketBeat reports. The firm presently has a $150.00 target price on the transportation company’s stock, down from their prior target price of $155.00. BMO Capital Markets’ price target indicates a potential upside of 16.17% from the stock’s previous close.

Several other brokerages also recently issued reports on UPS. Bank of America raised 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 note on Friday, October 25th. The Goldman Sachs Group decreased their price target on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Citigroup cut their price objective on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Barclays restated an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $151.29.

United Parcel Service Stock Down 0.8 %

Shares of United Parcel Service stock opened at $129.12 on Tuesday. The firm has a market cap of $110.19 billion, a price-to-earnings ratio of 19.62, a P/E/G ratio of 2.06 and a beta of 0.98. The stock has a 50-day simple moving average of $133.10 and a 200-day simple moving average of $132.90. United Parcel Service has a 52-week low of $123.12 and a 52-week high of $163.82. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. United Parcel Service’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.57 EPS. On average, equities research analysts expect that United Parcel Service will post 7.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On United Parcel Service

Hedge funds have recently bought and sold shares of the company. TruNorth Capital Management LLC acquired a new stake in United Parcel Service during the 2nd quarter worth $28,000. True Wealth Design LLC grew its position in shares of United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares during the period. Centerpoint Advisors LLC increased its stake in United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after purchasing an additional 175 shares in the last quarter. Tortoise Investment Management LLC raised its holdings in United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after buying an additional 155 shares during the period. Finally, PSI Advisors LLC boosted its holdings in shares of United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after buying an additional 200 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.