Knight Equity reissued their buy rating on shares of United Parcel Service (NYSE:UPS) in a report released on Monday morning, The Fly reports. The brokerage currently has a $135.00 price target on the transportation company’s stock, down from their prior price target of $145.00.
A number of other analysts have also commented on UPS. Oppenheimer reaffirmed a buy rating and set a $123.00 price objective (up from $116.00) on shares of United Parcel Service in a research note on Wednesday, September 20th. Cowen reaffirmed a hold rating on shares of United Parcel Service in a research note on Tuesday, September 26th. Robert W. Baird reaffirmed a hold rating and set a $118.00 price objective on shares of United Parcel Service in a research note on Sunday, October 1st. Zacks Investment Research downgraded United Parcel Service from a buy rating to a hold rating in a report on Thursday, October 5th. Finally, Bank of America reiterated a neutral rating and issued a $124.00 target price (up previously from $117.00) on shares of United Parcel Service in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $123.09.
Shares of United Parcel Service (NYSE:UPS) opened at $133.46 on Monday. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06. United Parcel Service has a 52 week low of $102.12 and a 52 week high of $133.77. The company has a market cap of $115,010.00, a PE ratio of 32.79, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.
Institutional investors and hedge funds have recently modified their holdings of the company. First PREMIER Bank increased its holdings in United Parcel Service by 5.0% in the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock worth $116,000 after buying an additional 50 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in United Parcel Service in the third quarter worth approximately $120,000. Winslow Evans & Crocker Inc. increased its holdings in United Parcel Service by 261.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock worth $137,000 after buying an additional 899 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in United Parcel Service by 14.1% in the second quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock worth $137,000 after buying an additional 153 shares during the last quarter. Finally, Security National Trust Co. increased its holdings in United Parcel Service by 3.9% in the second quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock worth $143,000 after buying an additional 48 shares during the last quarter. Institutional investors own 53.49% of the company’s stock.
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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.
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