United Parcel Service (NYSE:UPS) Price Target Cut to $125.00 by Analysts at BMO Capital Markets

United Parcel Service (NYSE:UPS - Get Free Report) had its target price dropped by analysts at BMO Capital Markets from $130.00 to $125.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the transportation company's stock. BMO Capital Markets' target price would suggest a potential upside of 32.01% from the stock's current price.

Several other equities research analysts have also weighed in on UPS. JPMorgan Chase & Co. cut their target price on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Truist Financial lowered their target price on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Susquehanna lowered their price objective on shares of United Parcel Service from $130.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 1st. Bank of America decreased their price target on shares of 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. Finally, StockNews.com lowered shares of United Parcel Service from a "buy" rating to a "hold" rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $125.27.

United Parcel Service Price Performance

Shares of NYSE UPS traded down $2.04 during midday trading on Wednesday, hitting $94.69. The stock had a trading volume of 1,652,254 shares, compared to its average volume of 6,397,737. The stock has a 50 day simple moving average of $107.82 and a 200-day simple moving average of $120.97. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $80.88 billion, a PE ratio of 14.01, a P/E/G ratio of 1.55 and a beta of 1.10. United Parcel Service has a 1 year low of $90.55 and a 1 year high of $153.42.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating 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 company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same period in the previous year, the business posted $1.43 EPS. United Parcel Service's revenue was down .9% on a year-over-year basis. On average, sell-side analysts expect that United Parcel Service will post 7.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Pacific Sage Partners LLC raised its stake in shares of United Parcel Service by 4.8% in the fourth quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company's stock worth $212,000 after purchasing an additional 77 shares during the last quarter. Quent Capital LLC lifted its holdings in United Parcel Service by 16.7% in the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company's stock worth $70,000 after purchasing an additional 80 shares in the last quarter. Gleason Group Inc. lifted its stake in shares of United Parcel Service by 1.3% in the 4th quarter. Gleason Group Inc. now owns 6,660 shares of the transportation company's stock valued at $840,000 after purchasing an additional 84 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of United Parcel Service by 2.5% during the fourth quarter. Versant Capital Management Inc now owns 3,583 shares of the transportation company's stock worth $452,000 after purchasing an additional 89 shares during the last quarter. Finally, Altus Wealth Group LLC lifted its holdings in United Parcel Service by 4.6% during the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company's stock valued at $255,000 after buying an additional 89 shares in the last quarter. 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.

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