United Parcel Service (NYSE:UPS) Price Target Lowered to $75.00 at Morgan Stanley

Key Points

• Morgan Stanley has reduced its price target for United Parcel Service (UPS) from $80.00 to $75.00, indicating a potential downside of 15.97% from its previous close.
• Several other analysts have also cut their ratings, with HSBC lowering its target from $140.00 to $105.00 and others following suit, contributing to a consensus rating of "Hold" with a price target of $113.38.
• UPS shares recently traded down 1.7% to $89.26, reflecting ongoing concerns among investors despite a strong market position, evidenced by a twelve-month high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) had its price objective cut by analysts at Morgan Stanley from $80.00 to $75.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an "underweight" rating on the transportation company's stock. Morgan Stanley's price objective points to a potential downside of 12.67% from the company's current price.

UPS has been the topic of a number of other research reports. BMO Capital Markets dropped their price objective on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Raymond James Financial lowered their target price on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 9th. BNP Paribas Exane raised shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 target price on the stock in a research note on Thursday, July 3rd. Bank of America reissued a "neutral" rating and set a $98.00 target price on shares of United Parcel Service in a research note on Tuesday. Finally, Wall Street Zen cut shares of United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, United Parcel Service has an average rating of "Hold" and an average price target of $112.81.

United Parcel Service Stock Down 0.3%

NYSE UPS traded down $0.28 during trading hours on Wednesday, reaching $85.88. 2,810,165 shares of the company traded hands, compared to its average volume of 6,208,073. United Parcel Service has a 12 month low of $85.36 and a 12 month high of $145.01. The company has a current ratio of 1.32, a quick ratio of 1.09 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $72.73 billion, a PE ratio of 12.79, a PEG ratio of 1.51 and a beta of 1.21. The company has a 50 day moving average of $99.53 and a two-hundred day moving average of $106.42.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%. The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter in the previous year, the business posted $1.79 earnings per share. The company's quarterly revenue was down 2.7% compared to the same quarter last year. As a group, equities analysts expect that United Parcel Service will post 7.95 earnings per share for the current year.

Institutional Trading of United Parcel Service

Institutional investors have recently added to or reduced their stakes in the business. Gallacher Capital Management LLC bought a new position in shares of United Parcel Service in the first quarter valued at approximately $620,000. Garde Capital Inc. bought a new position in shares of United Parcel Service in the first quarter valued at approximately $37,000. Golden State Wealth Management LLC raised its position in shares of United Parcel Service by 61.3% in the first quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company's stock valued at $173,000 after purchasing an additional 599 shares during the period. CWA Asset Management Group LLC raised its position in shares of United Parcel Service by 5.9% in the first quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock valued at $381,000 after purchasing an additional 193 shares during the period. Finally, Advisor Resource Council bought a new position in shares of United Parcel Service in the first quarter valued at approximately $437,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

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.