United Parcel Service (NYSE:UPS) Downgraded to "Hold" Rating by Hsbc Global Res

United Parcel Service (NYSE:UPS - Get Free Report) was downgraded by Hsbc Global Res from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other brokerages also recently weighed in on UPS. Truist Financial decreased their price target on United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Bank of America reduced their target price on shares of United Parcel Service from $133.00 to $129.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. Galvan Research dropped their price target on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Barclays reduced their price objective on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research report on Monday, March 31st. Finally, Baird R W lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service currently has an average rating of "Hold" and a consensus price target of $120.87.

United Parcel Service Stock Performance

United Parcel Service stock traded up $1.73 during midday trading on Thursday, hitting $96.33. 5,686,037 shares of the company's stock were exchanged, compared to its average volume of 4,960,519. The firm's 50 day simple moving average is $106.54 and its 200 day simple moving average is $120.15. United Parcel Service has a 12-month low of $90.55 and a 12-month 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 stock has a market cap of $82.28 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC purchased a new stake in United Parcel Service in the 4th quarter worth approximately $26,000. Graybill Wealth Management LTD. purchased a new stake in United Parcel Service in the 1st quarter worth approximately $26,000. IFS Advisors LLC lifted its stake in shares of United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after purchasing an additional 151 shares during the period. Finally, Pinney & Scofield Inc. purchased a new position in shares of United Parcel Service during the 4th quarter worth $27,000. Institutional investors and hedge funds 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.