Deutsche Bank Aktiengesellschaft Initiates Coverage on United Parcel Service (NYSE:UPS)

Analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of United Parcel Service (NYSE:UPS) in a research note issued on Friday, Marketbeat reports. The brokerage set a “hold” rating and a $119.00 price target on the transportation company’s stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential downside of 2.13% from the company’s previous close.

Several other analysts have also recently issued reports on UPS. UBS Group decreased their price objective on United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective on the stock in a report on Wednesday, January 8th. Citigroup decreased their price objective on United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Susquehanna decreased their price objective on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, Bank of America decreased their price objective on United Parcel Service from $150.00 to $133.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus price target of $138.00.

United Parcel Service Stock Up 0.9 %

UPS stock opened at $121.59 on Friday. United Parcel Service has a twelve month low of $109.40 and a twelve month high of $158.95. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The stock has a market cap of $103.85 billion, a P/E ratio of 17.99, a PEG ratio of 1.55 and a beta of 0.94. The business’s 50-day moving average price is $121.73 and its 200-day moving average price is $127.77.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period in the previous year, the firm posted $2.47 EPS. On average, equities research analysts forecast that United Parcel Service will post 7.95 EPS for the current year.

Institutional Investors Weigh In On United Parcel Service

Several hedge funds have recently made changes to their positions in UPS. IMG Wealth Management Inc. purchased a new stake in shares of United Parcel Service in the 4th quarter worth $25,000. Generali Investments Management Co LLC purchased a new stake in shares of United Parcel Service during the 4th quarter worth $26,000. IFS Advisors LLC lifted its stake in shares of United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares during the last quarter. Pinney & Scofield Inc. purchased a new stake in shares of United Parcel Service during the 4th quarter worth $27,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of United Parcel Service during the 4th quarter worth $28,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

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.