United Parcel Service (NYSE:UPS - Get Free Report) had its target price reduced by equities researchers at UBS Group from $124.00 to $118.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the transportation company's stock. UBS Group's price target would indicate a potential upside of 37.39% from the company's previous close.
UPS has been the subject of a number of other reports. Loop Capital lowered their target price on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. dropped their target price on shares of United Parcel Service from $110.00 to $107.00 and set a "neutral" rating on the stock in a report on Tuesday, July 8th. BNP Paribas Exane upgraded United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 target price for the company in a report on Thursday, July 3rd. Bank of America restated a "neutral" rating and issued a $98.00 price target on shares of United Parcel Service in a report on Tuesday. Finally, Susquehanna lowered their target price on shares of United Parcel Service from $110.00 to $100.00 and set a "neutral" rating for the company in a research note on Wednesday. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $112.81.
Read Our Latest Stock Report on UPS
United Parcel Service Trading Down 0.3%
NYSE UPS traded down $0.28 on Wednesday, hitting $85.88. 2,810,165 shares of the stock were exchanged, compared to its average volume of 6,208,073. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.09 and a current ratio of 1.32. United Parcel Service has a 52-week low of $85.36 and a 52-week high of $145.01. The firm has a market capitalization of $72.73 billion, a P/E ratio of 12.79, a P/E/G ratio of 1.51 and a beta of 1.21. The stock has a fifty day moving average price of $99.53 and a two-hundred day moving average price of $106.42.
United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). The firm had revenue of $21.20 billion for the quarter, compared to analysts' expectations of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%. United Parcel Service's revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.79 earnings per share. Research analysts forecast that United Parcel Service will post 7.95 EPS for the current fiscal year.
Institutional Investors Weigh In On United Parcel Service
A number of large investors have recently modified their holdings of the business. Pinney & Scofield Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC acquired a new position in United Parcel Service in the fourth quarter valued at approximately $28,000. Graybill Wealth Management LTD. acquired a new stake in United Parcel Service during the first quarter worth $26,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in United Parcel Service in the 4th quarter valued at about $31,000. Finally, Citizens National Bank Trust Department lifted its holdings in shares of United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after acquiring an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.
About United Parcel Service
(
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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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