United Parcel Service, Inc. (NYSE:UPS)‘s stock had its “hold” rating restated by equities researchers at Robert W. Baird in a research report issued to clients and investors on Sunday. They currently have a $118.00 price target on the transportation company’s stock. Robert W. Baird’s price objective indicates a potential downside of 2.31% from the company’s current price.

UPS has been the topic of a number of other reports. Zacks Investment Research cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BidaskClub upgraded shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Sanford C. Bernstein reissued an “outperform” rating and set a $127.00 target price on shares of United Parcel Service in a research note on Monday, July 3rd. Citigroup Inc. raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and raised their target price for the company from $115.00 to $128.00 in a research note on Tuesday, August 8th. Finally, TheStreet raised shares of United Parcel Service from a “c” rating to a “b” rating in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $115.27.

United Parcel Service (UPS) opened at 120.79 on Friday. The firm has a 50-day moving average of $115.91 and a 200-day moving average of $110.05. The stock has a market capitalization of $104.60 billion, a PE ratio of 29.70 and a beta of 0.90. United Parcel Service has a one year low of $102.12 and a one year high of $120.80.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.12. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The firm had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.49 billion. During the same quarter in the previous year, the business earned $1.43 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities research analysts forecast that United Parcel Service will post $6.01 earnings per share for the current year.

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In related news, EVP Alan Gershenhorn sold 17,699 shares of the stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total value of $2,019,455.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James J. Barber sold 3,556 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $110.85, for a total value of $394,182.60. The disclosure for this sale can be found here. 0.59% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. V Wealth Management LLC purchased a new stake in United Parcel Service during the second quarter valued at about $102,000. Parkside Financial Bank & Trust boosted its holdings in shares of United Parcel Service by 17.3% in the first quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock worth $116,000 after buying an additional 160 shares during the period. First PREMIER Bank boosted its holdings in shares of United Parcel Service by 5.0% in the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock worth $116,000 after buying an additional 50 shares during the period. Ullmann Financial Group Inc. acquired a new position in shares of United Parcel Service in the first quarter worth about $126,000. Finally, Winslow Evans & Crocker Inc. boosted its holdings in shares of United Parcel Service by 261.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock worth $137,000 after buying an additional 899 shares during the period. 52.86% of the stock is currently owned by hedge funds and other institutional investors.

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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