United Parcel Service (NYSE:UPS) Stock Rating Lowered by StockNews.com

United Parcel Service (NYSE:UPS) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

Several other equities research analysts have also recently commented on the company. Robert W. Baird cut United Parcel Service from an “outperform” rating to a “neutral” rating and cut their price target for the company from $160.00 to $130.00 in a report on Friday, January 31st. Evercore ISI lifted their price target on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a report on Wednesday, January 22nd. Wolfe Research lowered their price target on shares of United Parcel Service from $133.00 to $113.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Galvan Research cut their price objective on shares of United Parcel Service from $147.00 to $133.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. decreased their target price on shares of United Parcel Service from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, eleven have assigned 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 stock has a consensus rating of “Hold” and a consensus price target of $126.41.

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $96.74 on Monday. United Parcel Service has a 1 year low of $90.55 and a 1 year high of $153.42. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The company’s fifty day moving average price is $107.82 and its 200 day moving average price is $120.97. The company has a market capitalization of $82.63 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.11. The business 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 company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the business earned $1.43 earnings per share. On average, research analysts predict that United Parcel Service will post 7.95 earnings per share for the current year.

Hedge Funds Weigh In On United Parcel Service

Several large investors have recently added to or reduced their stakes in UPS. IMG Wealth Management Inc. acquired a new stake in United Parcel Service in the 4th quarter valued at $25,000. Generali Investments Management Co LLC bought a new position in shares of United Parcel Service during the fourth quarter valued at $26,000. IFS Advisors LLC boosted its stake in shares of United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 151 shares in the last quarter. Pinney & Scofield Inc. bought a new stake in shares of United Parcel Service in the 4th quarter worth about $27,000. Finally, Citizens National Bank Trust Department lifted its holdings in United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 210 shares during the last quarter. Institutional investors and hedge funds 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.