United Parcel Service (NYSE:UPS) Raised to Hold at BNP Paribas

United Parcel Service (NYSE:UPS) was upgraded by investment analysts at BNP Paribas to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Other analysts have also issued reports about the stock. Susquehanna lowered 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, April 30th. HSBC cut shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research note on Thursday, May 1st. Raymond James Financial reduced their price target on shares of United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 9th. UBS Group cut their price target on shares of United Parcel Service from $128.00 to $124.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Loop Capital lowered their price objective on shares of United Parcel Service from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $119.29.

United Parcel Service Trading Down 1.2%

United Parcel Service stock opened at $104.24 on Thursday. The stock has a market cap of $88.27 billion, a P/E ratio of 15.20, a PEG ratio of 2.01 and a beta of 1.21. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. United Parcel Service has a fifty-two week low of $90.55 and a fifty-two week high of $148.15. The firm’s fifty day moving average price is $98.83 and its 200-day moving average price is $109.84.

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 during the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. United Parcel Service’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $1.43 earnings per share. Equities research analysts forecast that United Parcel Service will post 7.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Altus Wealth Group LLC raised its position in United Parcel Service by 4.6% in the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company’s stock valued at $255,000 after purchasing an additional 89 shares during the last quarter. Colonial Trust Co SC raised its position in United Parcel Service by 1.4% during the 4th quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company’s stock worth $911,000 after buying an additional 98 shares during the last quarter. Juncture Wealth Strategies LLC raised its position in United Parcel Service by 2.5% during the 1st quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company’s stock worth $454,000 after buying an additional 101 shares during the last quarter. First Dallas Securities Inc. raised its position in United Parcel Service by 0.9% during the 1st quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company’s stock worth $1,256,000 after buying an additional 102 shares during the last quarter. Finally, TCV Trust & Wealth Management Inc. raised its position in United Parcel Service by 1.4% during the 1st quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company’s stock worth $830,000 after buying an additional 103 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.