United Parcel Service (NYSE:UPS) Earns Buy Rating from Analysts at Goldman Sachs Group

Stock analysts at Goldman Sachs Group began coverage on shares of United Parcel Service (NYSE:UPS) in a research note issued on Monday, November 13th, Marketbeat reports. The brokerage set a “buy” rating and a $148.00 price target on the transportation company’s stock. Goldman Sachs Group’s target price would indicate a potential upside of 23.02% from the stock’s previous close.

A number of other analysts also recently issued reports on UPS. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price target for the company in a research report on Friday, October 6th. Cowen restated a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. BidaskClub cut United Parcel Service from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Robert W. Baird reissued a “hold” rating and set a $118.00 target price on shares of United Parcel Service in a research note on Friday, August 25th. Finally, J P Morgan Chase & Co lifted their price target on United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $120.74.

Shares of United Parcel Service (NYSE:UPS) traded down $1.14 on Monday, hitting $120.31. The company had a trading volume of 3,141,930 shares, compared to its average volume of 2,647,432. The company has a market cap of $104,657.10, a PE ratio of 20.31, a P/E/G ratio of 2.18 and a beta of 0.92. United Parcel Service has a 12 month low of $102.12 and a 12 month high of $122.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.45. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The firm had revenue of $15.98 billion during the quarter, compared to analyst estimates of $15.62 billion. During the same period last year, the firm posted $1.44 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. analysts anticipate that United Parcel Service will post 6.01 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its stake in shares of United Parcel Service by 0.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock valued at $163,000 after purchasing an additional 5 shares during the last quarter. Founders Capital Management increased its holdings in United Parcel Service by 0.3% during the 2nd quarter. Founders Capital Management now owns 5,367 shares of the transportation company’s stock worth $594,000 after purchasing an additional 15 shares during the period. Bollard Group LLC increased its holdings in United Parcel Service by 0.8% during the 2nd quarter. Bollard Group LLC now owns 2,239 shares of the transportation company’s stock worth $248,000 after purchasing an additional 17 shares during the period. Guardian Life Insurance Co. of America increased its holdings in United Parcel Service by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,659 shares of the transportation company’s stock worth $285,000 after purchasing an additional 18 shares during the period. Finally, Conservest Capital Advisors Inc. increased its holdings in shares of United Parcel Service by 0.8% in the 2nd quarter. Conservest Capital Advisors Inc. now owns 2,913 shares of the transportation company’s stock valued at $322,000 after acquiring an additional 23 shares during the period. 53.66% of the stock is owned by institutional investors.

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United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

Analyst Recommendations for United Parcel Service (NYSE:UPS)

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