Evercore ISI Raises United Parcel Service (NYSE:UPS) Price Target to $147.00

United Parcel Service (NYSE:UPS) had its price objective raised by research analysts at Evercore ISI from $141.00 to $147.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “in-line” rating on the transportation company’s stock. Evercore ISI’s price target would suggest a potential upside of 10.56% from the company’s current price.

Several other equities research analysts also recently weighed in on the company. Citigroup decreased their target price on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Susquehanna increased their price objective on shares of United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. The Goldman Sachs Group reduced their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target for the company in a report on Wednesday, January 8th. Finally, Bank of America upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, United Parcel Service presently has an average rating of “Moderate Buy” and an average target price of $151.38.

United Parcel Service Trading Up 2.5 %

Shares of UPS opened at $132.96 on Wednesday. United Parcel Service has a twelve month low of $121.56 and a twelve month high of $161.35. The firm has a market capitalization of $113.47 billion, a P/E ratio of 20.08, a price-to-earnings-growth ratio of 1.82 and a beta of 1.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The stock’s fifty day simple moving average is $128.92 and its 200 day simple moving average is $130.83.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. United Parcel Service’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.57 earnings per share. On average, equities research analysts forecast that United Parcel Service will post 7.49 earnings per share for the current year.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the sale, the insider now owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On United Parcel Service

A number of large investors have recently modified their holdings of the stock. Public Sector Pension Investment Board lifted its position in United Parcel Service by 76.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 28,189 shares of the transportation company’s stock valued at $3,858,000 after acquiring an additional 12,208 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in United Parcel Service by 61.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 139,404 shares of the transportation company’s stock valued at $19,077,000 after buying an additional 53,053 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of United Parcel Service by 0.6% in the 2nd quarter. Toronto Dominion Bank now owns 241,863 shares of the transportation company’s stock worth $33,099,000 after buying an additional 1,511 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in United Parcel Service during the 2nd quarter valued at $2,631,000. Finally, Alpha DNA Investment Management LLC boosted its position in shares of United Parcel Service by 6.8% during the second quarter. Alpha DNA Investment Management LLC now owns 7,069 shares of the transportation company’s stock valued at $967,000 after buying an additional 449 shares during the period. Institutional investors own 60.26% of the company’s stock.

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.