United Parcel Service (NYSE:UPS) Upgraded to Hold at BNP Paribas

United Parcel Service (NYSE:UPS - Get Free Report) was upgraded by BNP Paribas to a "hold" rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other equities research analysts also recently issued reports on UPS. BMO Capital Markets reduced their price objective on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Wolfe Research reduced their price objective 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. Susquehanna dropped their target price on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Galvan Research reduced their price target on United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Bank of America boosted their price target on United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service presently has an average rating of "Hold" and a consensus price target of $119.29.

United Parcel Service Trading Down 1.2%

Shares of NYSE UPS traded down $1.30 during mid-day trading on Thursday, hitting $104.24. 2,961,254 shares of the company traded hands, compared to its average volume of 5,219,802. United Parcel Service has a 1 year low of $90.55 and a 1 year high of $148.15. The stock has a market capitalization of $88.27 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 2.01 and a beta of 1.21. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The business has a 50 day moving average of $98.70 and a two-hundred day moving average of $110.00.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same period in the prior year, the business posted $1.43 earnings per share. United Parcel Service's revenue was down .9% compared to the same quarter last year. On average, sell-side analysts anticipate that United Parcel Service will post 7.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On United Parcel Service

A number of large investors have recently added to or reduced their stakes in UPS. IMG Wealth Management Inc. bought a new stake in United Parcel Service during the fourth quarter worth approximately $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service in the fourth quarter worth $26,000. Graybill Wealth Management LTD. acquired a new stake in shares of United Parcel Service in the first quarter worth $26,000. Pinney & Scofield Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter worth $27,000. Finally, Citizens National Bank Trust Department grew its stake in shares of United Parcel Service by 525.0% in the first 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. Institutional investors 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.