United Parcel Service (NYSE:UPS) PT Lowered to $150.00 at HSBC

United Parcel Service (NYSE:UPS) had its price target lowered by research analysts at HSBC from $155.00 to $150.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “hold” rating on the transportation company’s stock. HSBC’s price target suggests a potential upside of 1.07% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Barclays cut their price target on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 31st. Raymond James lowered their price objective on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 31st. Robert W. Baird upgraded shares of United Parcel Service from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $165.00 to $170.00 in a report on Friday, February 16th. Stifel Nicolaus lowered their target price on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a report on Thursday. Finally, Susquehanna reiterated a “neutral” rating and issued a $150.00 target price on shares of United Parcel Service in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $164.57.

United Parcel Service Price Performance

Shares of UPS stock traded up $1.08 on Thursday, reaching $148.41. The company had a trading volume of 2,223,445 shares, compared to its average volume of 4,377,859. The stock has a market capitalization of $126.54 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 1.64 and a beta of 1.05. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. United Parcel Service has a one year low of $133.68 and a one year high of $197.80. The business’s 50-day moving average is $150.79 and its 200 day moving average is $152.28.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, January 30th. The transportation company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.01. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The firm had revenue of $24.92 billion during the quarter, compared to analysts’ expectations of $25.40 billion. During the same quarter in the prior year, the business earned $3.62 earnings per share. The business’s revenue for the quarter was down 7.8% compared to the same quarter last year. Equities research analysts forecast that United Parcel Service will post 8.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other United Parcel Service news, Director Eva C. Boratto bought 1,400 shares of United Parcel Service stock in a transaction on Friday, February 2nd. The shares were bought at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the transaction, the director now directly owns 1,400 shares of the company’s stock, valued at $199,220. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On United Parcel Service

Several institutional investors and hedge funds have recently modified their holdings of UPS. RB Capital Management LLC increased its holdings in United Parcel Service by 3.1% during the 1st quarter. RB Capital Management LLC now owns 2,689 shares of the transportation company’s stock worth $577,000 after purchasing an additional 81 shares during the period. Ergoteles LLC purchased a new stake in United Parcel Service during the 1st quarter valued at approximately $1,162,000. Halbert Hargrove Global Advisors LLC raised its stake in United Parcel Service by 10.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 1,233 shares of the transportation company’s stock valued at $264,000 after acquiring an additional 112 shares during the last quarter. First Western Trust Bank acquired a new stake in shares of United Parcel Service in the 1st quarter valued at approximately $515,000. Finally, Stevens Capital Management LP acquired a new stake in shares of United Parcel Service in the 1st quarter valued at approximately $701,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

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.