Evercore ISI Lowers United Parcel Service (NYSE:UPS) Price Target to $145.00

United Parcel Service (NYSE:UPS) had its price objective cut by Evercore ISI from $157.00 to $145.00 in a report published on Monday, Benzinga reports. They currently have an in-line rating on the transportation company’s stock.

Other research analysts have also issued research reports about the stock. Morgan Stanley upped their price objective on shares of United Parcel Service from $95.00 to $100.00 and gave the company an underweight rating in a research note on Wednesday, March 27th. HSBC upgraded shares of United Parcel Service from a hold rating to a buy rating and upped their price objective for the company from $150.00 to $170.00 in a research note on Thursday, April 25th. Susquehanna upped their price objective on shares of United Parcel Service from $150.00 to $160.00 and gave the company a neutral rating in a research note on Wednesday, April 24th. Stifel Nicolaus dropped their price objective on shares of United Parcel Service from $178.00 to $170.00 and set a buy rating on the stock in a research note on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of United Parcel Service from $183.00 to $179.00 and set a buy rating on the stock in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service has a consensus rating of Hold and an average target price of $164.55.

United Parcel Service Stock Down 1.7 %

UPS stock opened at $135.85 on Monday. United Parcel Service has a 52-week low of $132.90 and a 52-week high of $192.98. The company’s 50 day simple moving average is $141.96 and its 200-day simple moving average is $148.83. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. The firm has a market capitalization of $116.23 billion, a P/E ratio of 19.63, a P/E/G ratio of 1.70 and a beta of 1.01.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The business had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The firm’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.20 earnings per share. As a group, equities research analysts anticipate that United Parcel Service will post 8.22 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend was Friday, May 10th. United Parcel Service’s payout ratio is currently 94.49%.

Hedge Funds Weigh In On United Parcel Service

Several large investors have recently bought and sold shares of UPS. Paralel Advisors LLC raised its stake in United Parcel Service by 1.3% during the 3rd quarter. Paralel Advisors LLC now owns 9,869 shares of the transportation company’s stock valued at $1,538,000 after purchasing an additional 123 shares during the last quarter. Operose Advisors LLC raised its stake in shares of United Parcel Service by 171.1% in the 3rd quarter. Operose Advisors LLC now owns 862 shares of the transportation company’s stock valued at $134,000 after buying an additional 544 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of United Parcel Service by 17.7% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 40,797 shares of the transportation company’s stock valued at $6,359,000 after buying an additional 6,125 shares in the last quarter. Mckinley Capital Management LLC raised its stake in shares of United Parcel Service by 1.7% in the 3rd quarter. Mckinley Capital Management LLC now owns 4,959 shares of the transportation company’s stock valued at $773,000 after buying an additional 83 shares in the last quarter. Finally, Valley National Advisers Inc. raised its stake in shares of United Parcel Service by 6.7% in the 3rd quarter. Valley National Advisers Inc. now owns 3,833 shares of the transportation company’s stock valued at $598,000 after buying an additional 241 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

About United Parcel Service

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.