United Parcel Service (NYSE:UPS) Downgraded to Hold Rating by HSBC

United Parcel Service (NYSE:UPS - Get Free Report) was downgraded by equities researchers at HSBC from a "buy" rating to a "hold" rating in a research note issued on Thursday, MarketBeat Ratings reports. They presently have a $105.00 price objective on the transportation company's stock. HSBC's price objective points to a potential upside of 9.00% from the company's previous close.

UPS has been the subject of a number of other research reports. Citigroup reduced 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. Susquehanna decreased their target price on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a research report on Wednesday. Oppenheimer lowered their target price on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a research note on Wednesday. Wolfe Research decreased their price target on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. decreased their target price on 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. 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 MarketBeat, the company has an average rating of "Hold" and an average target price of $120.87.

United Parcel Service Stock Performance

UPS traded up $1.73 during trading on Thursday, reaching $96.33. 5,686,037 shares of the company were exchanged, compared to its average volume of 4,948,834. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The stock has a market cap of $82.28 billion, a P/E ratio of 14.25, a PEG ratio of 1.55 and a beta of 1.23. United Parcel Service has a 52 week low of $90.55 and a 52 week high of $153.42. The firm has a 50 day moving average of $106.54 and a 200 day moving average of $120.26.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. The business had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The company's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 EPS. On average, sell-side analysts forecast that United Parcel Service will post 7.95 EPS for the current fiscal year.

Institutional Investors Weigh In On United Parcel Service

Hedge funds and other institutional investors have recently made changes to their positions in the company. IMG Wealth Management Inc. acquired a new stake in United Parcel Service in the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC bought a new stake in United Parcel Service in the fourth quarter worth $26,000. Graybill Wealth Management LTD. acquired a new position in United Parcel Service during the first quarter worth $26,000. 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 valued at $27,000 after buying an additional 151 shares in the last quarter. Finally, Pinney & Scofield Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter worth about $27,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

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.