UBS Group Issues Pessimistic Forecast for United Parcel Service (NYSE:UPS) Stock Price

United Parcel Service (NYSE:UPS) had its target price lowered by analysts at UBS Group from $124.00 to $118.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. UBS Group’s target price suggests a potential upside of 36.88% from the company’s current price.

Other equities research analysts have also issued reports about the company. BNP Paribas raised United Parcel Service to a “hold” rating in a research note on Thursday, July 3rd. BNP Paribas Exane upgraded United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price target for the company in a research report on Thursday, July 3rd. DA Davidson cut their price objective on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 30th. Vertical Research reissued a “hold” rating and issued a $103.00 target price on shares of United Parcel Service in a research note on Wednesday. Finally, HSBC cut shares of United Parcel Service from a “buy” rating to a “hold” rating and dropped their price target for the stock from $140.00 to $105.00 in a research note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $112.81.

United Parcel Service Price Performance

UPS stock opened at $86.21 on Wednesday. United Parcel Service has a 52 week low of $85.76 and a 52 week high of $145.01. The firm has a market capitalization of $73.00 billion, a P/E ratio of 12.83, a price-to-earnings-growth ratio of 1.51 and a beta of 1.21. The company has a fifty day simple moving average of $99.53 and a two-hundred day simple moving average of $106.42. The company has a quick ratio of 1.09, a current ratio of 1.32 and a debt-to-equity ratio of 1.51.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.90 billion. During the same quarter in the prior year, the company posted $1.79 earnings per share. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. Analysts anticipate that United Parcel Service will post 7.95 earnings per share for the current fiscal year.

Institutional Trading of United Parcel Service

Several hedge funds and other institutional investors have recently made changes to their positions in UPS. Graybill Wealth Management LTD. acquired a new stake in United Parcel Service in the first quarter worth about $26,000. Mid American Wealth Advisory Group Inc. purchased a new position in shares of United Parcel Service in the 2nd quarter valued at approximately $26,000. Pinney & Scofield Inc. acquired a new stake in United Parcel Service in the 4th quarter worth approximately $27,000. Citizens National Bank Trust Department boosted its stake in United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after purchasing an additional 210 shares in the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new stake in United Parcel Service during the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors 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.