United Parcel Service (NYSE:UPS) Upgraded by BNP Paribas Exane to Neutral Rating

United Parcel Service (NYSE:UPS - Get Free Report) was upgraded by research analysts at BNP Paribas Exane from an "underperform" rating to a "neutral" rating in a research report issued on Thursday,Briefing.com Automated Import reports. The brokerage presently has a $100.00 price target on the transportation company's stock. BNP Paribas Exane's price objective suggests a potential downside of 5.25% from the stock's previous close.

Several other brokerages also recently weighed in on UPS. Stifel Nicolaus cut their price target on United Parcel Service from $145.00 to $124.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Loop Capital lowered their price objective on United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Wells Fargo & Company reiterated an "equal weight" rating and issued a $98.00 target price (down from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Wall Street Zen lowered shares of United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Finally, UBS Group cut their price objective on shares of United Parcel Service from $128.00 to $124.00 and set a "buy" rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $119.29.

United Parcel Service Stock Performance

Shares of UPS opened at $105.54 on Thursday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The firm has a market cap of $89.37 billion, a PE ratio of 15.38, a P/E/G ratio of 1.84 and a beta of 1.21. United Parcel Service has a 12 month low of $90.55 and a 12 month high of $148.15. The stock has a fifty day moving average price of $98.59 and a 200-day moving average price of $110.17.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. The business had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The business's quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the company posted $1.43 earnings per share. Equities research analysts predict that United Parcel Service will post 7.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On United Parcel Service

A number of institutional investors have recently added to or reduced their stakes in UPS. JBGlobal.com LLC grew its stake in shares of United Parcel Service by 32.2% in the second quarter. JBGlobal.com LLC now owns 4,250 shares of the transportation company's stock valued at $429,000 after buying an additional 1,034 shares in the last quarter. First Financial Bank Trust Division grew its position in shares of United Parcel Service by 3.2% during the second quarter. First Financial Bank Trust Division now owns 3,736 shares of the transportation company's stock worth $377,000 after acquiring an additional 115 shares during the last quarter. Confluence Investment Management LLC raised its holdings in shares of United Parcel Service by 5.2% in the second quarter. Confluence Investment Management LLC now owns 671,771 shares of the transportation company's stock valued at $67,809,000 after buying an additional 33,164 shares during the last quarter. Rowlandmiller & PARTNERS.ADV grew its stake in shares of United Parcel Service by 6.3% in the 2nd quarter. Rowlandmiller & PARTNERS.ADV now owns 47,381 shares of the transportation company's stock valued at $4,783,000 after purchasing an additional 2,793 shares during the last quarter. Finally, Cullen Investment Group LTD. raised its position in United Parcel Service by 19.1% during the 2nd quarter. Cullen Investment Group LTD. now owns 71,769 shares of the transportation company's stock worth $7,244,000 after buying an additional 11,488 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

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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