United Parcel Service’s (UPS) “Neutral” Rating Reaffirmed at Bank of America

United Parcel Service (NYSE:UPS)‘s stock had its “neutral” rating restated by stock analysts at Bank of America in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. They currently have a $98.00 target price on the transportation company’s stock. Bank of America‘s price target suggests a potential upside of 12.39% from the stock’s current price.

UPS has been the topic of a number of other research reports. Jefferies Financial Group reduced their target price on United Parcel Service from $150.00 to $130.00 in a report on Wednesday, April 30th. BNP Paribas upgraded United Parcel Service to a “hold” rating in a report on Thursday, July 3rd. DA Davidson reduced their target price on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. Stephens cut their price target on United Parcel Service from $110.00 to $101.00 in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company restated 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. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $113.38.

United Parcel Service Stock Down 4.0%

UPS stock opened at $87.20 on Tuesday. United Parcel Service has a fifty-two week low of $87.01 and a fifty-two week high of $145.01. The business’s 50 day moving average price is $99.75 and its two-hundred day moving average price is $106.69. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.09 and a current ratio of 1.32. The company has a market capitalization of $73.84 billion, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 1.75 and a beta of 1.21.

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

Hedge Funds Weigh In On United Parcel Service

Several hedge funds and other institutional investors have recently modified their holdings of the company. KPP Advisory Services LLC increased its position in United Parcel Service by 7.4% during the second quarter. KPP Advisory Services LLC now owns 10,390 shares of the transportation company’s stock valued at $1,049,000 after acquiring an additional 719 shares during the last quarter. First Citizens Bank & Trust Co. raised its holdings in United Parcel Service by 280.8% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 29,741 shares of the transportation company’s stock worth $3,002,000 after purchasing an additional 21,930 shares during the period. Clifford Swan Investment Counsel LLC raised its holdings in United Parcel Service by 5.7% in the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 954,426 shares of the transportation company’s stock worth $96,340,000 after purchasing an additional 51,332 shares during the period. RNC Capital Management LLC raised its holdings in United Parcel Service by 21.6% in the 2nd quarter. RNC Capital Management LLC now owns 448,485 shares of the transportation company’s stock worth $45,270,000 after purchasing an additional 79,815 shares during the period. Finally, Ethic Inc. raised its holdings in United Parcel Service by 20.3% in the 2nd quarter. Ethic Inc. now owns 33,118 shares of the transportation company’s stock worth $3,351,000 after purchasing an additional 5,583 shares during the period. 60.26% of the stock is owned by institutional investors.

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.