United Parcel Service (NYSE:UPS) Downgraded by JPMorgan Chase & Co.

United Parcel Service (NYSE:UPSGet Rating) was downgraded by stock analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued on Friday, The Fly reports. They currently have a $202.00 price objective on the transportation company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 13.07% from the stock’s current price.

Several other equities research analysts have also weighed in on the company. Susquehanna dropped their price target on United Parcel Service from $218.00 to $195.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 27th. Wolfe Research restated a “peer perform” rating on shares of United Parcel Service in a research report on Tuesday, April 5th. BNP Paribas upgraded United Parcel Service from an “underperform” rating to a “neutral” rating and set a $191.00 price objective for the company in a research note on Thursday, January 20th. Deutsche Bank Aktiengesellschaft lowered their price objective on United Parcel Service from $221.00 to $216.00 and set a “hold” rating for the company in a research note on Wednesday, February 2nd. Finally, Loop Capital upgraded United Parcel Service from a “hold” rating to a “buy” rating and decreased their price target for the stock from $232.00 to $189.00 in a research note on Thursday, April 14th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, United Parcel Service has an average rating of “Hold” and an average target price of $225.04.

Shares of UPS stock opened at $178.65 on Friday. The firm has a market cap of $155.50 billion, a P/E ratio of 14.58, a P/E/G ratio of 1.59 and a beta of 1.16. United Parcel Service has a fifty-two week low of $173.19 and a fifty-two week high of $233.72. The business’s 50 day moving average price is $197.99 and its 200-day moving average price is $206.00. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.52 and a current ratio of 1.52.

United Parcel Service (NYSE:UPSGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The transportation company reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.17. United Parcel Service had a return on equity of 82.94% and a net margin of 10.90%. The company had revenue of $24.40 billion for the quarter, compared to analyst estimates of $23.80 billion. During the same period in the previous year, the company posted $2.77 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. As a group, equities analysts predict that United Parcel Service will post 12.83 EPS for the current year.

In other United Parcel Service news, insider Laura J. Lane sold 6,988 shares of the business’s stock in a transaction that occurred on Friday, February 18th. The stock was sold at an average price of $208.28, for a total value of $1,455,460.64. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Philippe R. Gilbert sold 3,897 shares of the company’s stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of $215.37, for a total value of $839,296.89. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the stock. Rational Advisors LLC boosted its stake in United Parcel Service by 126.4% in the fourth quarter. Rational Advisors LLC now owns 120 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 67 shares in the last quarter. First Community Trust NA purchased a new position in United Parcel Service during the fourth quarter worth about $26,000. Cordant Inc. purchased a new position in United Parcel Service during the first quarter worth about $26,000. DB Fitzpatrick & Co Inc purchased a new position in United Parcel Service during the fourth quarter worth about $28,000. Finally, Curi Wealth Management LLC purchased a new position in United Parcel Service in the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 57.85% of the company’s stock.

United Parcel Service Company Profile (Get Rating)

United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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