UBS Group Cuts United Parcel Service (NYSE:UPS) Price Target to $123.00

United Parcel Service (NYSE:UPS) had its price target trimmed by UBS Group from $125.00 to $123.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

A number of other equities analysts have also recently issued reports on the stock. Susquehanna raised their price objective on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Wednesday. BMO Capital Markets raised their price objective on shares of United Parcel Service from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. raised their price objective on shares of United Parcel Service from $99.00 to $107.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Stifel Nicolaus raised their price objective on shares of United Parcel Service from $112.00 to $116.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of United Parcel Service in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and an average target price of $112.08.

United Parcel Service Stock Down 1.1%

Shares of NYSE UPS opened at $107.60 on Wednesday. United Parcel Service has a 1 year low of $82.00 and a 1 year high of $122.41. The firm’s 50-day moving average is $103.46 and its 200-day moving average is $101.66. The company has a current ratio of 1.21, a quick ratio of 1.22 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $91.36 billion, a PE ratio of 17.41, a price-to-earnings-growth ratio of 1.73 and a beta of 1.12.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the previous year, the firm posted $1.49 earnings per share. United Parcel Service’s revenue for the quarter was down 1.4% compared to the same quarter last year. Equities analysts expect that United Parcel Service will post 7.11 EPS for the current year.

Institutional Investors Weigh In On United Parcel Service

Several hedge funds have recently bought and sold shares of UPS. University of Texas Texas AM Investment Management Co. acquired a new stake in United Parcel Service in the fourth quarter worth $25,000. IFC & Insurance Marketing Inc. acquired a new stake in United Parcel Service in the fourth quarter worth $25,000. Coston McIsaac & Partners raised its holdings in United Parcel Service by 77.8% in the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after purchasing an additional 119 shares during the period. Torren Management LLC acquired a new stake in United Parcel Service in the fourth quarter worth $29,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in United Parcel Service in the fourth quarter worth $29,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.