United Parcel Service’s (UPS) Buy Rating Reiterated at Goldman Sachs Group

Goldman Sachs Group reaffirmed their buy rating on shares of United Parcel Service (NYSE:UPS) in a research note released on Thursday morning, AnalystRatings.com reports. The brokerage currently has a $120.00 target price on the transportation company’s stock.

UPS has been the topic of a number of other research reports. Barclays cut United Parcel Service from an equal weight rating to an underweight rating and set a $90.00 target price on the stock. in a research note on Friday, April 17th. UBS Group increased their target price on United Parcel Service from $98.00 to $121.00 and gave the company a neutral rating in a research note on Thursday, July 9th. Stifel Nicolaus reduced their target price on United Parcel Service from $104.00 to $102.00 and set a buy rating on the stock in a research note on Wednesday, April 29th. Morgan Stanley reduced their target price on United Parcel Service from $65.00 to $60.00 and set an underweight rating on the stock in a research note on Wednesday, April 29th. Finally, CSFB reduced their target price on United Parcel Service from $105.00 to $101.00 and set a neutral rating on the stock in a research note on Wednesday, April 29th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $123.62.

United Parcel Service stock opened at $142.76 on Thursday. The stock has a market cap of $123.08 billion, a P/E ratio of 28.38, a PEG ratio of 3.49 and a beta of 0.84. United Parcel Service has a fifty-two week low of $82.00 and a fifty-two week high of $145.50. The firm’s fifty day moving average price is $113.28 and its 200-day moving average price is $103.54. The company has a debt-to-equity ratio of 5.86, a quick ratio of 1.22 and a current ratio of 1.24.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, July 30th. The transportation company reported $2.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $1.06. The business had revenue of $20.46 billion for the quarter, compared to analysts’ expectations of $17.42 billion. United Parcel Service had a return on equity of 156.85% and a net margin of 5.66%. The firm’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.96 earnings per share. Sell-side analysts predict that United Parcel Service will post 5.52 earnings per share for the current year.

In other United Parcel Service news, CEO Carol B. Tome bought 10,100 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were bought at an average cost of $99.33 per share, with a total value of $1,003,233.00. Following the completion of the purchase, the chief executive officer now directly owns 13,036 shares of the company’s stock, valued at $1,294,865.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.57% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC lifted its holdings in United Parcel Service by 1,899.6% in the first quarter. AQR Capital Management LLC now owns 121,158 shares of the transportation company’s stock worth $11,319,000 after buying an additional 115,099 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of United Parcel Service by 59.4% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 10,672 shares of the transportation company’s stock valued at $1,246,000 after purchasing an additional 3,975 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of United Parcel Service by 19.6% during the second quarter. Sound Income Strategies LLC now owns 561 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 92 shares during the last quarter. Honkamp Krueger Financial Services Inc. lifted its holdings in shares of United Parcel Service by 6.2% during the second quarter. Honkamp Krueger Financial Services Inc. now owns 21,062 shares of the transportation company’s stock valued at $2,342,000 after purchasing an additional 1,221 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC lifted its holdings in shares of United Parcel Service by 1,643.2% during the first quarter. Franklin Street Advisors Inc. NC now owns 38,175 shares of the transportation company’s stock valued at $3,566,000 after purchasing an additional 35,985 shares during the last quarter. Institutional investors and hedge funds own 54.67% of the company’s stock.

United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Analyst Recommendations for United Parcel Service (NYSE:UPS)

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