Loop Capital Boosts United Parcel Service (UPS) Price Target to $145.00
United Parcel Service (NYSE:UPS) had its price target raised by Loop Capital to $145.00 in a research note published on Friday, The Fly reports. Loop Capital currently has a positive rating on the transportation company’s stock.
Several other brokerages have also recently weighed in on UPS. Goldman Sachs Group set a $150.00 price objective on United Parcel Service and gave the company a buy rating in a report on Monday, September 10th. Raymond James upgraded United Parcel Service from a market perform rating to a strong-buy rating and set a $150.00 price objective for the company in a report on Tuesday, September 4th. Stephens set a $128.00 price objective on United Parcel Service and gave the company a hold rating in a report on Wednesday, July 25th. BMO Capital Markets raised their price objective on United Parcel Service to $128.00 and gave the company a market perform rating in a report on Thursday, July 26th. Finally, JPMorgan Chase & Co. restated a neutral rating and issued a $125.00 price objective on shares of United Parcel Service in a report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. United Parcel Service currently has an average rating of Hold and a consensus target price of $125.44.
Shares of NYSE UPS opened at $119.09 on Friday. The stock has a market capitalization of $106.08 billion, a PE ratio of 20.04, a P/E/G ratio of 1.84 and a beta of 1.16. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.21 and a quick ratio of 1.21. United Parcel Service has a fifty-two week low of $101.45 and a fifty-two week high of $135.53.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 5th. Investors of record on Monday, August 20th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Friday, August 17th. United Parcel Service’s payout ratio is currently 60.57%.
In other United Parcel Service news, COO James J. Barber sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $121.94, for a total transaction of $304,850.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider George Willis sold 4,312 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $121.34, for a total transaction of $523,218.08. The disclosure for this sale can be found here. Insiders have sold 8,512 shares of company stock valued at $1,031,932 in the last quarter. 0.56% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. First PREMIER Bank acquired a new stake in United Parcel Service during the second quarter worth approximately $109,000. Legacy Financial Advisors Inc. acquired a new stake in United Parcel Service during the second quarter worth approximately $111,000. Moneta Group Investment Advisors LLC lifted its position in United Parcel Service by 118.8% during the second quarter. Moneta Group Investment Advisors LLC now owns 1,105 shares of the transportation company’s stock worth $117,000 after acquiring an additional 600 shares during the last quarter. Signature Wealth Management Group acquired a new stake in United Parcel Service during the second quarter worth approximately $118,000. Finally, Gables Capital Management Inc. acquired a new stake in United Parcel Service during the first quarter worth approximately $119,000. Hedge funds and other institutional investors own 54.01% 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.
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.