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

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

Other analysts also recently issued research reports about the company. Susquehanna dropped their price target on United Parcel Service from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday. Morgan Stanley decreased their target price on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Raymond James cut their price target on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 31st. Stifel Nicolaus decreased their price objective on United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Finally, Truist Financial initiated coverage on United Parcel Service in a research report on Thursday, March 13th. They set a “buy” rating and a $140.00 price target for the company. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, United Parcel Service presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.22.

United Parcel Service Trading Down 7.1 %

United Parcel Service stock traded down $7.79 during mid-day trading on Thursday, hitting $102.41. 2,068,065 shares of the company’s stock were exchanged, compared to its average volume of 4,661,254. United Parcel Service has a fifty-two week low of $101.86 and a fifty-two week high of $154.29. 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 capitalization of $87.48 billion, a P/E ratio of 15.13, a PEG ratio of 1.55 and a beta of 0.94. The company’s 50 day simple moving average is $117.20 and its 200-day simple moving average is $126.04.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the previous year, the business posted $2.47 earnings per share. On average, equities analysts anticipate that United Parcel Service will post 7.95 earnings per share for the current year.

Institutional Trading of United Parcel Service

Several institutional investors have recently added to or reduced their stakes in UPS. Kera Capital Partners Inc. boosted its position in shares of United Parcel Service by 3.6% in the first quarter. Kera Capital Partners Inc. now owns 26,483 shares of the transportation company’s stock valued at $2,913,000 after acquiring an additional 920 shares during the period. Marcum Wealth LLC increased its stake in United Parcel Service by 0.6% during the 1st quarter. Marcum Wealth LLC now owns 108,545 shares of the transportation company’s stock worth $11,939,000 after acquiring an additional 685 shares during the period. Centre Asset Management LLC raised its holdings in United Parcel Service by 0.6% in the 1st quarter. Centre Asset Management LLC now owns 76,011 shares of the transportation company’s stock valued at $8,360,000 after acquiring an additional 440 shares in the last quarter. Cullen Investment Group LTD. lifted its position in shares of United Parcel Service by 553.7% during the 1st quarter. Cullen Investment Group LTD. now owns 60,281 shares of the transportation company’s stock valued at $6,630,000 after acquiring an additional 51,059 shares during the period. Finally, Confluence Investment Management LLC grew its holdings in shares of United Parcel Service by 6.0% during the 1st quarter. Confluence Investment Management LLC now owns 638,607 shares of the transportation company’s stock worth $70,240,000 after purchasing an additional 36,135 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

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.