Susquehanna Raises United Parcel Service (NYSE:UPS) Price Target to $140.00

United Parcel Service (NYSE:UPS) had its target price increased by research analysts at Susquehanna from $135.00 to $140.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price would indicate a potential upside of 1.87% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. The Goldman Sachs Group lowered their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Bank of America reduced their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Oppenheimer reduced their target price on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Finally, Stephens reduced their target price on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and a consensus price target of $151.43.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $137.43 on Friday. The firm’s 50 day moving average price is $130.89 and its 200-day moving average price is $135.98. United Parcel Service has a twelve month low of $123.12 and a twelve month 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 stock has a market capitalization of $117.72 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in United Parcel Service by 15,779.6% during the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock worth $1,994,853,000 after buying an additional 14,539,321 shares during the period. Clearbridge Investments LLC boosted its stake in United Parcel Service by 6.5% during the first quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock worth $991,556,000 after buying an additional 406,248 shares during the period. Bank of New York Mellon Corp boosted its stake in United Parcel Service by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock worth $888,254,000 after buying an additional 20,426 shares during the period. American Century Companies Inc. boosted its stake in United Parcel Service by 10.5% during the second quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock worth $567,157,000 after buying an additional 393,434 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in United Parcel Service by 2.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company’s stock worth $611,445,000 after buying an additional 101,349 shares during the period. 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.