United Parcel Service (NYSE:UPS) Price Target Lowered to $120.00 at Wells Fargo & Company

United Parcel Service (NYSE:UPS) had its price objective cut by research analysts at Wells Fargo & Company from $128.00 to $120.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 8.17% from the company’s previous close.

Several other analysts have also weighed in on UPS. Susquehanna lowered their target price on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. UBS Group cut their target price on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Baird R W lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Morgan Stanley cut their price target on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Finally, StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $137.57.

United Parcel Service Trading Up 0.9 %

UPS stock opened at $110.94 on Thursday. The company has a market cap of $94.76 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 1.55 and a beta of 0.94. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The business has a fifty day simple moving average of $119.30 and a 200-day simple moving average of $126.68. United Parcel Service has a 52 week low of $109.40 and a 52 week high of $154.29.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the company earned $2.47 EPS. On average, equities research analysts expect that United Parcel Service will post 7.95 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in United Parcel Service by 4.3% during the third quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock valued at $113,064,000 after purchasing an additional 33,989 shares during the last quarter. Onyx Bridge Wealth Group LLC bought a new position in United Parcel Service during the 4th quarter worth $461,000. Synovus Financial Corp raised its stake in United Parcel Service by 8.6% in the 3rd quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock worth $11,934,000 after purchasing an additional 6,941 shares in the last quarter. HF Advisory Group LLC bought a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $1,305,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of United Parcel Service by 27.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock valued at $16,304,000 after acquiring an additional 28,108 shares during the period. 60.26% of the stock is currently owned by institutional investors.

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.