Susquehanna Issues Pessimistic Forecast for United Parcel Service (NYSE:UPS) Stock Price

United Parcel Service (NYSE:UPS) had its price target cut by Susquehanna from $130.00 to $120.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective would indicate a potential upside of 9.09% from the stock’s current price.

A number of other equities analysts have also weighed in on UPS. Wells Fargo & Company decreased their target price on United Parcel Service from $128.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Barclays cut their price target on United Parcel Service from $100.00 to $90.00 and set an “underweight” rating for the company in a research note on Monday. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Robert W. Baird downgraded United Parcel Service from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $160.00 to $130.00 in a research note on Friday, January 31st. Finally, Truist Financial started coverage on shares of United Parcel Service in a research note on Thursday, March 13th. They issued a “buy” rating and a $140.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average price target of $135.83.

United Parcel Service Trading Up 0.3 %

United Parcel Service stock opened at $110.00 on Tuesday. United Parcel Service has a 12 month low of $108.30 and a 12 month high of $154.29. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The business’s fifty day simple moving average is $118.12 and its two-hundred day simple moving average is $126.27. The company has a market capitalization of $93.96 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period in the previous year, the firm earned $2.47 earnings per share. As a group, equities analysts predict that United Parcel Service will post 7.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On United Parcel Service

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of United Parcel Service by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company’s stock valued at $8,213,699,000 after purchasing an additional 370,705 shares during the last quarter. State Street Corp increased its position in United Parcel Service by 2.1% during the third quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock valued at $4,035,313,000 after acquiring an additional 613,409 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of United Parcel Service by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock valued at $2,933,674,000 after acquiring an additional 1,337,058 shares during the period. Geode Capital Management LLC lifted its holdings in shares of United Parcel Service by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company’s stock worth $1,979,695,000 after acquiring an additional 414,710 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of United Parcel Service by 15.6% during the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock worth $1,384,567,000 after purchasing an additional 1,484,452 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

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.