United Parcel Service (NYSE:UPS) Given New $105.00 Price Target at Loop Capital

United Parcel Service (NYSE:UPS - Get Free Report) had its price target dropped by research analysts at Loop Capital from $115.00 to $105.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a "hold" rating on the transportation company's stock. Loop Capital's target price suggests a potential upside of 8.04% from the company's current price.

Other analysts have also issued reports about the company. Baird R W lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Friday, January 31st. The Goldman Sachs Group decreased their price target on United Parcel Service from $166.00 to $147.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. StockNews.com cut United Parcel Service from a "buy" rating to a "hold" rating in a research note on Monday. Wolfe Research lowered their price target on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, UBS Group lowered their price objective on shares of United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $120.87.

United Parcel Service Price Performance

United Parcel Service stock traded up $2.59 during midday trading on Wednesday, reaching $97.19. 1,002,628 shares of the stock were exchanged, compared to its average volume of 4,919,109. United Parcel Service has a 52 week low of $90.55 and a 52 week high of $153.42. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The firm has a market cap of $83.02 billion, a PE ratio of 14.39, a PEG ratio of 1.55 and a beta of 1.23. The company's fifty day moving average is $106.98 and its 200-day moving average is $120.52.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The business's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.43 EPS. On average, sell-side analysts forecast that United Parcel Service will post 7.95 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Diamant Asset Management Inc. boosted its position in United Parcel Service by 2.8% in the 3rd quarter. Diamant Asset Management Inc. now owns 4,060 shares of the transportation company's stock valued at $554,000 after buying an additional 110 shares during the last quarter. Te Ahumairangi Investment Management Ltd grew its position in United Parcel Service by 12.2% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 17,236 shares of the transportation company's stock valued at $2,337,000 after purchasing an additional 1,880 shares in the last quarter. Eaton Financial Holdings Company LLC bought a new stake in United Parcel Service during the third quarter valued at about $1,021,000. Pine Valley Investments Ltd Liability Co raised its holdings in United Parcel Service by 25.9% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 26,457 shares of the transportation company's stock valued at $3,607,000 after acquiring an additional 5,444 shares in the last quarter. Finally, World Investment Advisors LLC boosted its stake in United Parcel Service by 79.6% in the 3rd quarter. World Investment Advisors LLC now owns 17,675 shares of the transportation company's stock valued at $2,410,000 after buying an additional 7,836 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Company Profile

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.