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United Parcel Service (NYSE:UPS) Price Target Lowered to $130.00 at Truist Financial

United Parcel Service logo with Transportation background

United Parcel Service (NYSE:UPS - Get Free Report) had its price objective dropped by stock analysts at Truist Financial from $140.00 to $130.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the transportation company's stock. Truist Financial's target price suggests a potential upside of 34.17% from the stock's previous close.

A number of other equities analysts have also recently weighed in on UPS. Raymond James decreased their price objective on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. Galvan Research dropped their price target on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Citigroup decreased their price objective on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Bank of America cut their target price on shares of United Parcel Service from $133.00 to $129.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Finally, Loop Capital decreased their price target on United Parcel Service from $120.00 to $115.00 and set a "hold" rating for the company in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $126.41.

Check Out Our Latest Report on United Parcel Service

United Parcel Service Trading Down 1.0 %

UPS stock traded down $1.02 during midday trading on Thursday, reaching $96.89. 8,628,514 shares of the company's stock traded hands, compared to its average volume of 4,857,210. United Parcel Service has a fifty-two week low of $90.55 and a fifty-two week high of $153.42. The company has a market capitalization of $82.76 billion, a P/E ratio of 14.33, a PEG ratio of 1.55 and a beta of 1.10. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The business has a 50-day moving average price of $108.58 and a two-hundred day moving average price of $121.40.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter last year, the firm posted $2.47 EPS. Equities research analysts forecast that United Parcel Service will post 7.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. IMG Wealth Management Inc. bought a new position in United Parcel Service in the 4th quarter valued at about $25,000. Generali Investments Management Co LLC bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $26,000. Pinney & Scofield Inc. acquired a new position in shares of United Parcel Service during the fourth quarter valued at approximately $27,000. IFS Advisors LLC raised its holdings in United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after purchasing an additional 151 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in United Parcel Service in the fourth quarter worth approximately $28,000. Institutional investors own 60.26% of the company's stock.

About United Parcel Service

(Get Free Report)

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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