HSBC Downgrades United Parcel Service (NYSE:UPS) to Hold

United Parcel Service (NYSE:UPS) was downgraded by investment analysts at HSBC from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, MarketBeat reports. They presently have a $105.00 price objective on the transportation company’s stock. HSBC’s price objective would indicate a potential upside of 9.00% from the company’s previous close.

A number of other research firms have also commented on UPS. JPMorgan Chase & Co. lowered their price target on United Parcel Service from $120.00 to $115.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Bank of America dropped their price target on shares of United Parcel Service from $133.00 to $129.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Robert W. Baird downgraded shares of United Parcel Service from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. Galvan Research reduced their target price 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, Baird R W lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $120.87.

United Parcel Service Stock Performance

Shares of UPS stock opened at $96.33 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The firm has a fifty day simple moving average of $106.54 and a two-hundred day simple moving average of $120.26. United Parcel Service has a 12 month low of $90.55 and a 12 month high of $153.42. The firm has a market capitalization of $82.28 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm’s revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.43 EPS. Analysts forecast that United Parcel Service will post 7.95 EPS for the current fiscal year.

Hedge Funds Weigh In On United Parcel Service

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. IMG Wealth Management Inc. bought a new position in shares of United Parcel Service during the 4th quarter valued at $25,000. Generali Investments Management Co LLC bought a new position in shares of United Parcel Service in the 4th quarter worth approximately $26,000. Pinney & Scofield Inc. bought a new stake in United Parcel Service during the fourth quarter valued at approximately $27,000. IFS Advisors LLC increased its holdings in United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after buying an additional 151 shares during the last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in United Parcel Service in the fourth quarter worth approximately $28,000. Institutional investors 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.