StockNews.com Downgrades United Parcel Service (NYSE:UPS) to Hold

by · The Cerbat Gem

StockNews.com cut shares of United Parcel Service (NYSE:UPS – Free Report) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

A number of other equities analysts also recently issued reports on UPS. Bank of America cut their price objective on shares of United Parcel Service from $133.00 to $129.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. Wolfe Research reduced their price objective on shares of United Parcel Service from $133.00 to $113.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Baird R W lowered shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. Loop Capital cut their target price on United Parcel Service from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Wednesday, April 30th. Finally, Galvan Research dropped their price target on United Parcel Service from $147.00 to $133.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and a consensus price target of $120.87.

Read Our Latest Stock Analysis on United Parcel Service

United Parcel Service Stock Performance

UPS opened at $94.01 on Wednesday. The company has a market cap of $80.30 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 1.55 and a beta of 1.23. The company’s fifty day moving average price is $105.14 and its two-hundred day moving average price is $119.41. United Parcel Service has a 1-year low of $90.55 and a 1-year high of $153.42. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS – Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter in the previous year, the business earned $1.43 EPS. The company’s quarterly revenue was down .9% on a year-over-year basis. On average, 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 modified their holdings of UPS. IMG Wealth Management Inc. purchased a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC bought a new stake in United Parcel Service during the 4th quarter valued at $26,000. Pinney & Scofield Inc. purchased a new stake in United Parcel Service during the 4th quarter valued at $27,000. IFS Advisors LLC grew its holdings in United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after acquiring an additional 151 shares during the last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in shares of United Parcel Service during the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

About United Parcel Service

(Get Free Report)

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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