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United Parcel Service (NYSE:UPS) Price Target Cut to $115.00 by Analysts at Truist Financial

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Key Points

  • Truist Financial lowered its UPS price target to $115 from $130 but maintained a “Buy” rating, implying roughly 23% upside from the stock’s reported $93.23 price.
  • Analyst sentiment is mixed: UPS has a consensus “Hold” rating and an average price target of $116.30, based on one Strong Buy, 11 Buy, 11 Hold and three Sell ratings.
  • UPS exceeded quarterly expectations, reporting $1.76 in earnings per share versus a $1.65 estimate and $22.83 billion in revenue versus $21.86 billion expected; institutional investors own about 60.26% of its shares.
  • MarketBeat previews top five stocks to own in November.

United Parcel Service (NYSE:UPS - Get Free Report) had its target price lowered by analysts at Truist Financial from $130.00 to $115.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a "buy" rating on the transportation company's stock. Truist Financial's price target points to a potential upside of 23.35% from the company's current price.

UPS has been the subject of a number of other reports. BMO Capital Markets increased their price target on United Parcel Service from $110.00 to $115.00 and gave the stock a "market perform" rating in a report on Wednesday, July 29th. Stephens reduced their price objective on shares of United Parcel Service from $135.00 to $130.00 and set an "overweight" rating on the stock in a report on Wednesday, July 29th. Weiss Ratings upgraded shares of United Parcel Service from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, August 17th. Susquehanna upped their target price on shares of United Parcel Service from $118.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. Finally, Oppenheimer increased their target price on shares of United Parcel Service from $115.00 to $117.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $116.30.

Get Our Latest Analysis on United Parcel Service

United Parcel Service Trading Up 0.1%

UPS traded up $0.12 during trading hours on Wednesday, reaching $93.23. The company's stock had a trading volume of 1,788,643 shares, compared to its average volume of 5,649,750. United Parcel Service has a fifty-two week low of $82.00 and a fifty-two week high of $122.41. The stock has a market cap of $79.32 billion, a PE ratio of 17.31, a P/E/G ratio of 1.71 and a beta of 1.07. The business's 50-day moving average is $101.05 and its 200-day moving average is $103.69. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.18 and a quick ratio of 1.18.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.11. The company had revenue of $22.83 billion during the quarter, compared to analyst estimates of $21.86 billion. United Parcel Service had a return on equity of 37.50% and a net margin of 5.08%.The firm's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.55 earnings per share. United Parcel Service has set its FY 2026 guidance at 7.220-7.220 EPS. As a group, equities research analysts predict that United Parcel Service will post 7.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On United Parcel Service

Several hedge funds have recently bought and sold shares of the company. Markowski Investments acquired a new position in United Parcel Service in the 2nd quarter valued at about $30,000. Allied Private Wealth LLC acquired a new stake in shares of United Parcel Service during the second quarter worth about $34,000. Legacy Wealth Managment LLC ID boosted its stake in shares of United Parcel Service by 48.6% in the first quarter. Legacy Wealth Managment LLC ID now owns 309 shares of the transportation company's stock valued at $30,000 after purchasing an additional 101 shares during the period. Community Financial Services Group LLC boosted its stake in shares of United Parcel Service by 170.1% in the second quarter. Community Financial Services Group LLC now owns 370 shares of the transportation company's stock valued at $41,000 after purchasing an additional 233 shares during the period. Finally, Grove Bank & Trust grew its holdings in shares of United Parcel Service by 49.8% in the second quarter. Grove Bank & Trust now owns 379 shares of the transportation company's stock valued at $41,000 after purchasing an additional 126 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

More United Parcel Service News

Here are the key news stories impacting United Parcel Service this week:

United Parcel Service Company Profile

(Get Free Report)

United Parcel Service, Inc NYSE: UPS is a global logistics and package delivery company that provides transportation and supply chain management services to businesses and consumers. Its operations include the pickup, transportation and delivery of packages, documents and freight through ground, air and international networks.

UPS also offers logistics and supply chain solutions, including warehousing, distribution, customs brokerage, contract logistics, returns management and specialized services for healthcare and other industries.

See Also

Analyst Recommendations for United Parcel Service (NYSE:UPS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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