United Parcel Service (NYSE:UPS) Downgraded to Hold Rating by Hsbc Global Res

United Parcel Service (NYSE:UPS) was downgraded by investment analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Other research analysts have also issued research reports about the stock. Bank of America cut their price objective on shares of United Parcel Service from $133.00 to $129.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. Galvan Research reduced their price objective on 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. Truist Financial lowered their price objective on United Parcel Service from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Oppenheimer reduced their target price on United Parcel Service from $126.00 to $114.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price target 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 investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Hold” and a consensus price target of $120.87.

United Parcel Service Stock Up 1.8 %

UPS opened at $96.33 on Thursday. United Parcel Service has a twelve month low of $90.55 and a twelve month 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 business has a 50 day moving average price of $106.54 and a 200 day moving average price of $120.26. The firm has a market cap of $82.28 billion, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS) last issued its quarterly 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. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. During the same period last year, the business posted $1.43 earnings per share. The firm’s revenue was down .9% compared to the same quarter last year. Research analysts forecast that United Parcel Service will post 7.95 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in UPS. IMG Wealth Management Inc. bought a new stake in shares of United Parcel Service during the 4th quarter valued at $25,000. Generali Investments Management Co LLC acquired a new stake in United Parcel Service during the fourth quarter worth about $26,000. Pinney & Scofield Inc. bought a new position in United Parcel Service in the 4th quarter valued at about $27,000. IFS Advisors LLC raised its position 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 buying an additional 151 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of United Parcel Service during the 4th quarter worth approximately $28,000. 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.