Deutsche Bank Reaffirms Buy Rating for United Parcel Service (UPS)

Deutsche Bank reiterated their buy rating on shares of United Parcel Service (NYSE:UPS) in a research report report published on Monday, MarketBeat Ratings reports. The firm currently has a $145.00 price target on the transportation company’s stock, up from their previous price target of $135.00.

Several other equities research analysts have also commented on the company. Zacks Investment Research upgraded United Parcel Service from a hold rating to a buy rating and set a $133.00 target price on the stock in a research report on Friday, October 6th. Goldman Sachs Group started coverage on United Parcel Service in a research report on Monday, November 13th. They set a buy rating and a $148.00 target price on the stock. Cowen restated a hold rating on shares of United Parcel Service in a research report on Tuesday, September 26th. JPMorgan Chase & Co. upped their target price on United Parcel Service from $113.00 to $114.00 and gave the company a neutral rating in a research report on Thursday, October 12th. Finally, Credit Suisse Group reiterated a hold rating and issued a $116.00 price target (up previously from $108.00) on shares of United Parcel Service in a report on Thursday, October 12th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $123.09.

Shares of United Parcel Service (UPS) traded down $0.08 during trading on Monday, hitting $129.09. The company had a trading volume of 2,521,555 shares, compared to its average volume of 4,696,720. United Parcel Service has a 52 week low of $102.12 and a 52 week high of $129.52. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33. The company has a market cap of $111,570.00, a price-to-earnings ratio of 31.72, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, meeting the consensus estimate of $1.45. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The company had revenue of $15.98 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same quarter in the prior year, the company earned $1.44 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. analysts predict that United Parcel Service will post 6 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in United Parcel Service by 2.7% in the second quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock worth $5,352,884,000 after buying an additional 1,262,293 shares during the last quarter. FMR LLC increased its position in United Parcel Service by 0.5% in the second quarter. FMR LLC now owns 14,357,475 shares of the transportation company’s stock worth $1,587,793,000 after buying an additional 71,666 shares during the last quarter. Lazard Asset Management LLC increased its position in United Parcel Service by 48.1% in the second quarter. Lazard Asset Management LLC now owns 6,428,560 shares of the transportation company’s stock worth $710,933,000 after buying an additional 2,087,477 shares during the last quarter. Franklin Resources Inc. increased its position in United Parcel Service by 10.6% in the second quarter. Franklin Resources Inc. now owns 5,635,190 shares of the transportation company’s stock worth $623,198,000 after buying an additional 539,620 shares during the last quarter. Finally, Legal & General Group Plc increased its position in United Parcel Service by 3.0% in the third quarter. Legal & General Group Plc now owns 4,016,959 shares of the transportation company’s stock worth $482,280,000 after buying an additional 118,403 shares during the last quarter. 53.49% of the stock is owned by institutional investors.

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About United Parcel Service

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

Analyst Recommendations for United Parcel Service (NYSE:UPS)

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