JPMorgan Chase & Co. set a $181.00 price target on United Parcel Service (NYSE:UPS – Get Rating) in a research note released on Tuesday, Borsen Zeitung reports.
A number of other equities analysts also recently weighed in on UPS. KeyCorp decreased their target price on shares of United Parcel Service from $250.00 to $200.00 and set an overweight rating for the company in a research note on Thursday, October 13th. Argus decreased their target price on shares of United Parcel Service from $225.00 to $190.00 and set a buy rating for the company in a research note on Wednesday, October 26th. Jefferies Financial Group began coverage on shares of United Parcel Service in a research note on Monday, October 24th. They set a buy rating and a $190.00 target price for the company. BNP Paribas downgraded shares of United Parcel Service from a neutral rating to an underperform rating in a research note on Wednesday, November 30th. Finally, Daiwa Capital Markets cut their price target on shares of United Parcel Service to $187.00 in a report on Thursday, October 27th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $195.48.
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United Parcel Service Price Performance
UPS stock opened at $191.66 on Tuesday. United Parcel Service has a 1 year low of $154.87 and a 1 year high of $230.35. The company has a market cap of $165.77 billion, a P/E ratio of 14.52, a PEG ratio of 2.02 and a beta of 1.12. The firm has a 50-day moving average of $179.81 and a 200 day moving average of $181.03. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.22 and a quick ratio of 1.39.
United Parcel Service (NYSE:UPS – Get Rating) last released its quarterly earnings results on Tuesday, January 31st. The transportation company reported $3.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.59 by $0.03. United Parcel Service had a net
margin of 11.51% and a return on equity of 66.10%. The company had revenue of $27 billion during the quarter, compared to the consensus estimate of $28.03 billion. During the same period in the prior year, the firm earned $3.59 earnings per share. United Parcel Service's revenue was down 2.6% on a year-over-year basis. On average, sell-side analysts forecast that United Parcel Service will post 11.93 EPS for the current year.
United Parcel Service declared that its board has authorized a stock buyback program on Tuesday, January 31st that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the transportation company to purchase up to 3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.
United Parcel Service Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Tuesday, February 21st will be given a $1.62 dividend. The ex-dividend date of this dividend is Friday, February 17th. This is an increase from United Parcel Service's previous quarterly dividend of $1.52. This represents a $6.48 annualized dividend and a yield of 3.38%. United Parcel Service's dividend payout ratio (DPR) is presently 46.06%.
Institutional Trading of United Parcel Service
Institutional investors and hedge funds have recently modified their holdings of the company. Coston McIsaac & Partners bought a new stake in shares of United Parcel Service during the 2nd quarter valued at $26,000. Worth Asset Management LLC bought a new stake in shares of United Parcel Service during the 1st quarter valued at $27,000. Piershale Financial Group Inc. bought a new stake in shares of United Parcel Service during the 4th quarter valued at $28,000. MADDEN SECURITIES Corp bought a new stake in shares of United Parcel Service during the 4th quarter valued at $29,000. Finally, Winch Advisory Services LLC raised its position in shares of United Parcel Service by 334.1% during the 2nd quarter. Winch Advisory Services LLC now owns 178 shares of the transportation company's stock valued at $33,000 after purchasing an additional 137 shares during the period. 58.92% of the stock is currently owned by institutional investors.
United Parcel Service Company Profile
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United Parcel Service, Inc operates as a logistics and package delivery company that provides supply chain management services. Its logistics services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage, insurance, and financing. The firm operates through the following segments: U.S.
Further Reading
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