United Parcel Service (NYSE:UPS) Price Target Cut to $120.00 by Analysts at Susquehanna

United Parcel Service (NYSE:UPS) had its target price reduced by stock analysts at Susquehanna from $130.00 to $120.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price indicates a potential upside of 8.93% from the company’s previous close.

UPS has been the subject of a number of other reports. BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. lowered their price objective on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Evercore ISI increased their target price on United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on United Parcel Service in a research note on Friday, March 7th. They issued a “hold” rating and a $119.00 price target on the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.83.

United Parcel Service Trading Up 0.8 %

UPS stock opened at $110.16 on Tuesday. United Parcel Service has a 52-week low of $108.18 and a 52-week high of $154.29. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The firm has a market cap of $94.10 billion, a P/E ratio of 16.30, a PEG ratio of 1.55 and a beta of 0.94. The company’s 50-day simple moving average is $117.20 and its 200-day simple moving average is $126.04.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the prior year, the company earned $2.47 EPS. As a group, equities analysts forecast that United Parcel Service will post 7.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in UPS. Pacific Sage Partners LLC boosted its position in United Parcel Service by 4.8% in the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock valued at $212,000 after buying an additional 77 shares during the period. Quent Capital LLC boosted its holdings in United Parcel Service by 16.7% in the fourth quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 80 shares during the period. Gleason Group Inc. grew its stake in United Parcel Service by 1.3% during the 4th quarter. Gleason Group Inc. now owns 6,660 shares of the transportation company’s stock worth $840,000 after purchasing an additional 84 shares in the last quarter. Dunhill Financial LLC increased its holdings in United Parcel Service by 4.9% during the 3rd quarter. Dunhill Financial LLC now owns 1,831 shares of the transportation company’s stock worth $250,000 after purchasing an additional 86 shares during the period. Finally, Weaver Consulting Group raised its position in United Parcel Service by 3.0% in the 3rd quarter. Weaver Consulting Group now owns 3,053 shares of the transportation company’s stock valued at $416,000 after purchasing an additional 89 shares in the last quarter. Hedge funds and other 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.