United Parcel Service (NYSE:UPS) had its target price raised by Citigroup from $150.00 to $190.00 in a report issued on Wednesday morning, The Fly reports. The brokerage currently has a buy rating on the transportation company’s stock.

Several other research analysts have also issued reports on the stock. Bank of America increased their price target on shares of United Parcel Service from $176.00 to $183.00 and gave the stock a buy rating in a research note on Wednesday, September 23rd. Cowen increased their price target on shares of United Parcel Service from $101.00 to $114.00 and gave the stock a market perform rating in a research note on Monday, July 27th. Credit Suisse Group upgraded shares of United Parcel Service from a neutral rating to an outperform rating and raised their price objective for the company from $147.00 to $192.00 in a research note on Monday, September 21st. BMO Capital Markets raised their price objective on shares of United Parcel Service from $95.00 to $115.00 and gave the company an underperform rating in a research note on Friday, July 31st. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of United Parcel Service from a buy rating to a hold rating and set a $177.00 price objective for the company. in a research note on Tuesday, September 29th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of Hold and an average price target of $144.14.

UPS stock opened at $174.44 on Wednesday. The company has a debt-to-equity ratio of 5.30, a quick ratio of 1.24 and a current ratio of 1.24. United Parcel Service has a 52 week low of $82.00 and a 52 week high of $177.15. The firm’s fifty day moving average is $164.79 and its 200 day moving average is $126.05. The firm has a market cap of $150.61 billion, a P/E ratio of 34.68, a P/E/G ratio of 2.96 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, July 30th. The transportation company reported $2.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $1.06. United Parcel Service had a net margin of 5.66% and a return on equity of 156.85%. The business had revenue of $20.46 billion during the quarter, compared to analysts’ expectations of $17.42 billion. During the same quarter in the prior year, the company posted $1.96 EPS. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, analysts forecast that United Parcel Service will post 6.91 EPS for the current year.

In related news, Director David P. Abney sold 62,700 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $160.56, for a total value of $10,067,112.00. Also, insider Kathleen M. Gutmann sold 7,766 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $156.77, for a total transaction of $1,217,475.82. Insiders sold 80,291 shares of company stock worth $12,848,237 in the last three months. Insiders own 0.57% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC increased its position 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 purchasing an additional 115,099 shares during the last quarter. Sound Income Strategies LLC increased its position in 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 acquiring an additional 92 shares during the last quarter. Honkamp Krueger Financial Services Inc. increased its position in 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 acquiring an additional 1,221 shares during the last quarter. Chilton Investment Co. LLC increased its position in United Parcel Service by 32.5% during the second quarter. Chilton Investment Co. LLC now owns 30,465 shares of the transportation company’s stock valued at $3,387,000 after acquiring an additional 7,473 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in shares of United Parcel Service by 15.2% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,264 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 167 shares during the period. Institutional investors own 55.67% 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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The Fly

Analyst Recommendations for United Parcel Service (NYSE:UPS)

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