United Parcel Service (NYSE:UPS) Stock Rating Upgraded by BNP Paribas Exane

United Parcel Service (NYSE:UPS) was upgraded by equities research analysts at BNP Paribas Exane from an “underperform” rating to a “neutral” rating in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has a $100.00 price objective on the transportation company’s stock. BNP Paribas Exane’s price target would indicate a potential downside of 4.07% from the company’s current price.

Other analysts have also issued research reports about the company. Loop Capital decreased their price target on United Parcel Service from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. decreased their price target on United Parcel Service from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Raymond James Financial decreased their price target on United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $98.00 price target (down previously from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Finally, Wall Street Zen lowered United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $119.29.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $104.24 on Thursday. United Parcel Service has a 1-year low of $90.55 and a 1-year high of $148.15. The firm has a market capitalization of $88.27 billion, a PE ratio of 15.20, a PEG ratio of 2.01 and a beta of 1.21. The business’s 50 day moving average is $98.83 and its 200-day moving average is $109.84. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same quarter last year, the firm earned $1.43 EPS. United Parcel Service’s revenue for the quarter was down .9% compared to the same quarter last year. Sell-side analysts predict that United Parcel Service will post 7.95 earnings per share for the current year.

Institutional Investors Weigh In On United Parcel Service

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Altus Wealth Group LLC raised its position in shares of United Parcel Service by 4.6% during the fourth quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company’s stock worth $255,000 after acquiring an additional 89 shares during the last quarter. Colonial Trust Co SC grew its stake in shares of United Parcel Service by 1.4% during the fourth quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company’s stock worth $911,000 after purchasing an additional 98 shares during the period. Juncture Wealth Strategies LLC grew its stake in shares of United Parcel Service by 2.5% during the first quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company’s stock worth $454,000 after purchasing an additional 101 shares during the period. First Dallas Securities Inc. grew its stake in shares of United Parcel Service by 0.9% during the first quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company’s stock worth $1,256,000 after purchasing an additional 102 shares during the period. Finally, TCV Trust & Wealth Management Inc. grew its stake in shares of United Parcel Service by 1.4% during the first quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company’s stock worth $830,000 after purchasing an additional 103 shares during the period. 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.