United Parcel Service (NYSE:UPS) Price Target Increased to $140.00 by Analysts at Susquehanna

United Parcel Service (NYSE:UPS) had its target price lifted by Susquehanna from $135.00 to $140.00 in a report released on Friday, Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

Several other research analysts have also weighed in on the company. Oppenheimer lowered their price objective on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. TD Cowen initiated coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective on the stock. UBS Group lowered their target price on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, BMO Capital Markets reduced their price target on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus target price of $151.43.

United Parcel Service Stock Down 0.7 %

Shares of NYSE:UPS opened at $137.43 on Friday. United Parcel Service has a 52-week low of $123.12 and a 52-week high of $163.82. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The business has a fifty day moving average of $130.89 and a two-hundred day moving average of $135.90. The stock has a market cap of $117.72 billion, a P/E ratio of 22.42, a PEG ratio of 1.93 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.11. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. United Parcel Service’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $1.57 earnings per share. On average, research analysts expect that United Parcel Service will post 7.44 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio is presently 106.36%.

Institutional Investors Weigh In On United Parcel Service

Several institutional investors have recently modified their holdings of the company. Financial Advocates Investment Management raised its stake in United Parcel Service by 112.8% in the third quarter. Financial Advocates Investment Management now owns 8,242 shares of the transportation company’s stock valued at $1,124,000 after buying an additional 4,368 shares in the last quarter. Cornerstone Wealth Group LLC raised its position in shares of United Parcel Service by 9.4% during the 3rd quarter. Cornerstone Wealth Group LLC now owns 3,190 shares of the transportation company’s stock worth $435,000 after acquiring an additional 273 shares in the last quarter. TNF LLC purchased a new stake in United Parcel Service during the third quarter worth approximately $214,000. SteelPeak Wealth LLC boosted its holdings in United Parcel Service by 881.7% in the third quarter. SteelPeak Wealth LLC now owns 31,769 shares of the transportation company’s stock valued at $4,331,000 after purchasing an additional 28,533 shares in the last quarter. Finally, Diversify Wealth Management LLC raised its holdings in United Parcel Service by 13.0% during the third quarter. Diversify Wealth Management LLC now owns 15,142 shares of the transportation company’s stock worth $1,990,000 after purchasing an additional 1,743 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

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.