United Parcel Service (NYSE:UPS) Now Covered by Citizens Jmp

Research analysts at Citizens Jmp assumed coverage on shares of United Parcel Service (NYSE:UPS) in a research report issued on Wednesday. The firm set a “market perform” rating on the transportation company’s stock.

Several other analysts have also issued reports on the stock. Susquehanna upped their price target on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Weiss Ratings raised shares of United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Stephens upgraded shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 8th. UBS Group dropped their target price on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, Citigroup raised their target price on shares of United Parcel Service from $127.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $111.10.

United Parcel Service Stock Up 0.7%

Shares of UPS stock opened at $113.69 on Wednesday. The firm’s fifty day moving average price is $105.74 and its two-hundred day moving average price is $105.81. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. United Parcel Service has a 1 year low of $82.00 and a 1 year high of $122.41. The firm has a market capitalization of $96.64 billion, a P/E ratio of 18.40, a PEG ratio of 1.79 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the previous year, the business earned $1.49 earnings per share. United Parcel Service’s quarterly revenue was down 1.4% on a year-over-year basis. On average, equities analysts predict that United Parcel Service will post 7.11 EPS for the current fiscal year.

Hedge Funds Weigh In On United Parcel Service

Several large investors have recently modified their holdings of the stock. Potomac Fund Management Inc. ADV raised its stake in United Parcel Service by 0.8% in the fourth quarter. Potomac Fund Management Inc. ADV now owns 11,324 shares of the transportation company’s stock valued at $1,123,000 after purchasing an additional 90 shares in the last quarter. Westbourne Investments Inc. grew its stake in United Parcel Service by 1.2% during the fourth quarter. Westbourne Investments Inc. now owns 7,876 shares of the transportation company’s stock worth $781,000 after buying an additional 91 shares in the last quarter. Ipsen Advisor Group LLC grew its stake in United Parcel Service by 1.7% during the fourth quarter. Ipsen Advisor Group LLC now owns 5,670 shares of the transportation company’s stock worth $562,000 after buying an additional 95 shares in the last quarter. Webster Bank N. A. increased its holdings in United Parcel Service by 16.7% in the 4th quarter. Webster Bank N. A. now owns 698 shares of the transportation company’s stock valued at $69,000 after buying an additional 100 shares during the period. Finally, Peoples Financial Services CORP. increased its holdings in United Parcel Service by 2.5% in the 4th quarter. Peoples Financial Services CORP. now owns 4,030 shares of the transportation company’s stock valued at $400,000 after buying an additional 100 shares during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.