United Parcel Service (NYSE:UPS) Earns “Outperform” Rating from Oppenheimer

United Parcel Service (NYSE:UPS)‘s stock had its “outperform” rating restated by equities researchers at Oppenheimer in a research report issued on Wednesday, Benzinga reports. They presently have a $153.00 target price on the transportation company’s stock. Oppenheimer’s target price suggests a potential upside of 6.41% from the stock’s current price.

UPS has been the subject of several other reports. UBS Group upgraded United Parcel Service from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $160.00 to $175.00 in a research note on Tuesday, February 6th. Argus cut United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Robert W. Baird raised United Parcel Service from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $165.00 to $170.00 in a report on Friday, February 16th. TheStreet raised United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. Finally, TD Cowen dropped their price objective on United Parcel Service from $175.00 to $147.00 and set a “market perform” rating for the company in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $170.59.

United Parcel Service Stock Down 8.2 %

UPS stock opened at $143.79 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. The business has a 50 day moving average price of $151.02 and a two-hundred day moving average price of $152.41. The company has a market cap of $122.60 billion, a price-to-earnings ratio of 18.46, a P/E/G ratio of 1.79 and a beta of 1.05. United Parcel Service has a twelve month low of $133.68 and a twelve month high of $197.80.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The firm had revenue of $24.92 billion during the quarter, compared to the consensus estimate of $25.40 billion. During the same period last year, the company earned $3.62 earnings per share. The business’s revenue was down 7.8% compared to the same quarter last year. Analysts anticipate that United Parcel Service will post 8.29 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Eva C. Boratto bought 1,400 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was acquired at an average cost of $142.30 per share, with a total value of $199,220.00. Following the completion of the transaction, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $199,220. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On United Parcel Service

Several hedge funds have recently made changes to their positions in UPS. VisionPoint Advisory Group LLC purchased a new position in shares of United Parcel Service in the second quarter valued at $25,000. OFI Invest Asset Management purchased a new position in shares of United Parcel Service in the third quarter valued at $25,000. IMA Wealth Inc. grew its position in shares of United Parcel Service by 100.0% in the second quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 71 shares in the last quarter. Pacific Center for Financial Services bought a new stake in United Parcel Service during the first quarter valued at $25,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in United Parcel Service during the fourth quarter valued at $26,000. 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.