United Parcel Service (NYSE:UPS) Rating Lowered to “Hold” at Hsbc Global Res

United Parcel Service (NYSE:UPS) was downgraded by stock analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other equities research analysts have also recently commented on UPS. Raymond James reduced their target price on shares of United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 9th. Susquehanna cut their price objective on shares of United Parcel Service from $120.00 to $110.00 and set a “neutral” rating for the company in a report on Wednesday. BMO Capital Markets lowered their target price on United Parcel Service from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday. UBS Group cut their price target on United Parcel Service from $141.00 to $127.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Finally, Barclays reduced their price objective on United Parcel Service from $100.00 to $90.00 and set an “underweight” rating on the stock in a research report on Monday, March 31st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $120.87.

United Parcel Service Trading Up 1.8 %

United Parcel Service 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 market cap of $82.28 billion, a PE ratio of 14.25, a P/E/G ratio of 1.55 and a beta of 1.23. The stock’s 50 day simple moving average is $106.54 and its two-hundred day simple moving average is $120.26. United Parcel Service has a 12 month low of $90.55 and a 12 month high of $153.42.

United Parcel Service (NYSE:UPS) last released its quarterly 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. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $21.25 billion. During the same quarter in the prior year, the firm posted $1.43 EPS. United Parcel Service’s quarterly revenue was down .9% compared to the same quarter last year. Analysts anticipate that United Parcel Service will post 7.95 earnings per share for the current year.

Institutional Investors Weigh In On United Parcel Service

Institutional investors and hedge funds have recently modified their holdings of the stock. IMG Wealth Management Inc. purchased a new position in United Parcel Service during the 4th quarter worth approximately $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service in the fourth quarter worth $26,000. Graybill Wealth Management LTD. purchased a new position in shares of United Parcel Service during the first quarter valued at $26,000. IFS Advisors LLC raised its position 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 period. Finally, Pinney & Scofield Inc. purchased a new stake in United Parcel Service in the 4th quarter worth about $27,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

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.