UBS Group Lowers United Parcel Service (NYSE:UPS) Price Target to $127.00

United Parcel Service (NYSE:UPS) had its target price cut by equities research analysts at UBS Group from $141.00 to $127.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. UBS Group’s target price indicates a potential upside of 24.01% from the company’s current price.

UPS has been the subject of a number of other reports. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Bank of America reduced their price objective on shares of United Parcel Service from $133.00 to $129.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. Morgan Stanley lowered their target price on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. cut their price target on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, Loop Capital lowered their price objective on United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.22.

United Parcel Service Stock Performance

United Parcel Service stock traded down $7.79 during mid-day trading on Thursday, reaching $102.41. The company had a trading volume of 2,068,065 shares, compared to its average volume of 4,661,254. 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 firm has a market cap of $87.48 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 1.55 and a beta of 0.94. The company has a 50 day moving average of $117.20 and a 200-day moving average of $126.04. United Parcel Service has a 52 week low of $101.86 and a 52 week high of $154.29.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period in the previous year, the firm earned $2.47 earnings per share. On average, sell-side analysts expect that United Parcel Service will post 7.95 EPS for the current fiscal year.

Institutional Investors Weigh In On United Parcel Service

Institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. grew its holdings in United Parcel Service by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock worth $113,064,000 after acquiring an additional 33,989 shares during the period. Onyx Bridge Wealth Group LLC acquired a new stake in shares of United Parcel Service during the fourth quarter worth $461,000. Synovus Financial Corp increased its holdings in United Parcel Service by 8.6% in the third quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock valued at $11,934,000 after purchasing an additional 6,941 shares during the last quarter. HF Advisory Group LLC acquired a new position in United Parcel Service in the fourth quarter valued at about $1,305,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of United Parcel Service by 27.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock worth $16,304,000 after buying an additional 28,108 shares during the period. Institutional investors and hedge funds 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.