Susquehanna Lowers United Parcel Service (NYSE:UPS) Price Target to $110.00

United Parcel Service (NYSE:UPS - Get Free Report) had its price objective decreased by stock analysts at Susquehanna from $120.00 to $110.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the transportation company's stock. Susquehanna's price target points to a potential upside of 16.44% from the stock's current price.

UPS has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft began coverage on shares of United Parcel Service in a research note on Friday, March 7th. They set a "hold" rating and a $119.00 target price for the company. Truist Financial dropped their target price on United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Citigroup lowered their price target on United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Finally, Bank of America lowered their price objective on United Parcel Service from $133.00 to $129.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $124.82.

United Parcel Service Trading Down 2.3 %

Shares of UPS stock traded down $2.26 during trading hours on Wednesday, reaching $94.47. The company's stock had a trading volume of 2,385,646 shares, compared to its average volume of 4,878,933. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service has a one year low of $90.55 and a one year high of $153.42. The stock has a market capitalization of $80.69 billion, a P/E ratio of 13.97, a P/E/G ratio of 1.55 and a beta of 1.10. The firm's fifty day simple moving average is $107.82 and its 200 day simple moving average is $120.97.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of UPS. Vanguard Group Inc. raised its stake in United Parcel Service by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock valued at $8,213,699,000 after purchasing an additional 370,705 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of United Parcel Service by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock worth $2,933,674,000 after buying an additional 1,337,058 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of United Parcel Service by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock worth $1,979,695,000 after buying an additional 414,710 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of United Parcel Service by 15.6% during the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after acquiring an additional 1,484,452 shares during the last quarter. Finally, FMR LLC grew its stake in United Parcel Service by 2.5% during the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock valued at $1,373,964,000 after acquiring an additional 268,278 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

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.

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