United Parcel Service (NYSE:UPS) had its price objective trimmed by Morgan Stanley from $92.00 to $87.00 in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has a sell rating on the transportation company’s stock.

Several other research analysts also recently weighed in on the company. Citigroup downgraded United Parcel Service from a buy rating to a neutral rating in a research note on Friday, November 2nd. Goldman Sachs Group set a $147.00 target price on United Parcel Service and gave the stock a buy rating in a research note on Tuesday, October 30th. Credit Suisse Group reduced their price objective on United Parcel Service from $119.00 to $118.00 and set a neutral rating for the company in a research note on Thursday, October 25th. Robert W. Baird reduced their price objective on United Parcel Service from $128.00 to $124.00 and set a neutral rating for the company in a research note on Thursday, October 25th. Finally, Raymond James reduced their price objective on United Parcel Service from $150.00 to $140.00 and set a strong-buy rating for the company in a research note on Thursday, October 25th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of Hold and a consensus target price of $125.33.

Shares of UPS stock opened at $105.32 on Tuesday. The company has a debt-to-equity ratio of 6.43, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $91.74 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 1.60 and a beta of 1.15. United Parcel Service has a 1-year low of $101.45 and a 1-year high of $135.53.

United Parcel Service (NYSE:UPS) last announced its earnings results on Wednesday, October 24th. The transportation company reported $1.82 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.82. The business had revenue of $17.44 billion during the quarter, compared to the consensus estimate of $17.48 billion. United Parcel Service had a return on equity of 307.54% and a net margin of 7.68%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.45 EPS. On average, sell-side analysts forecast that United Parcel Service will post 7.23 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 5th. Investors of record on Monday, November 19th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.46%. The ex-dividend date was Friday, November 16th. United Parcel Service’s dividend payout ratio is currently 60.57%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Guardian Trust Co. acquired a new stake in shares of United Parcel Service in the 3rd quarter worth $109,000. Psagot Investment House Ltd. acquired a new stake in shares of United Parcel Service in the 3rd quarter worth $121,000. Bell Rock Capital LLC acquired a new stake in shares of United Parcel Service in the 3rd quarter worth $127,000. Moneta Group Investment Advisors LLC increased its stake in shares of United Parcel Service by 118.8% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,105 shares of the transportation company’s stock worth $117,000 after acquiring an additional 600 shares during the last quarter. Finally, Advisors Preferred LLC increased its stake in shares of United Parcel Service by 845.8% in the 2nd quarter. Advisors Preferred LLC now owns 1,135 shares of the transportation company’s stock worth $121,000 after acquiring an additional 1,015 shares during the last quarter. 54.07% of the stock is owned by hedge funds and other institutional investors.

About United Parcel Service

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Analyst Recommendations for United Parcel Service (NYSE:UPS)

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