Bank of America upgraded shares of United Parcel Service (NYSE:UPS) from a neutral rating to a buy rating in a report issued on Thursday, BenzingaRatingsTable reports. They currently have $130.00 price target on the transportation company’s stock.

A number of other analysts also recently issued reports on the company. Deutsche Bank reaffirmed a hold rating on shares of United Parcel Service in a research note on Tuesday, July 2nd. Goldman Sachs Group downgraded EXPERIAN PLC/ADR from a buy rating to a neutral rating in a research note on Wednesday, July 10th. Cowen lifted their price objective on Werner Enterprises from $35.00 to $36.00 and gave the stock a market perform rating in a research note on Friday, April 26th. Zacks Investment Research raised Investors Real Estate Trust Reit from a sell rating to a hold rating in a research note on Thursday, May 23rd. Finally, UBS Group lifted their price objective on Zscaler from $60.00 to $70.00 and gave the stock a neutral rating in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. United Parcel Service has a consensus rating of Hold and an average price target of $118.87.

NYSE:UPS opened at $120.58 on Thursday. The company has a current ratio of 1.09, a quick ratio of 1.13 and a debt-to-equity ratio of 4.62. United Parcel Service has a 1 year low of $89.89 and a 1 year high of $125.09. The business has a 50 day moving average price of $103.17. The company has a market cap of $103.79 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 1.86 and a beta of 1.23.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.03. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The business had revenue of $18.05 billion for the quarter, compared to the consensus estimate of $17.98 billion. During the same quarter in the previous year, the company posted $1.94 EPS. The company’s revenue was up 3.4% compared to the same quarter last year. On average, equities research analysts expect that United Parcel Service will post 7.48 EPS for the current fiscal year.

In other news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $106.03, for a total transaction of $159,045.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.17% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Investment Counsel Inc boosted its holdings in United Parcel Service by 3.5% during the 2nd quarter. Capital Investment Counsel Inc now owns 42,226 shares of the transportation company’s stock valued at $4,361,000 after acquiring an additional 1,417 shares during the period. Measured Wealth Private Client Group LLC boosted its holdings in United Parcel Service by 31.1% during the 2nd quarter. Measured Wealth Private Client Group LLC now owns 5,035 shares of the transportation company’s stock valued at $520,000 after acquiring an additional 1,195 shares during the period. Community Bank N.A. boosted its holdings in United Parcel Service by 5.4% during the 2nd quarter. Community Bank N.A. now owns 17,002 shares of the transportation company’s stock valued at $1,756,000 after acquiring an additional 873 shares during the period. Regal Investment Advisors LLC boosted its holdings in United Parcel Service by 72.1% during the 2nd quarter. Regal Investment Advisors LLC now owns 4,033 shares of the transportation company’s stock valued at $417,000 after acquiring an additional 1,690 shares during the period. Finally, Traynor Capital Management Inc. boosted its holdings in United Parcel Service by 2.7% during the 2nd quarter. Traynor Capital Management Inc. now owns 6,393 shares of the transportation company’s stock valued at $658,000 after acquiring an additional 168 shares during the period. 55.49% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for United Parcel Service (NYSE:UPS)

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