Raymond James Lowers United Parcel Service (NYSE:UPS) Price Target to $130.00

United Parcel Service (NYSE:UPS - Get Free Report) had its target price dropped by stock analysts at Raymond James from $145.00 to $130.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a "strong-buy" rating on the transportation company's stock. Raymond James' price objective indicates a potential upside of 34.09% from the company's current price.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company cut their price objective on shares of United Parcel Service from $128.00 to $120.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Citigroup reduced their price objective on United Parcel Service from $158.00 to $149.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. BMO Capital Markets raised United Parcel Service from a "market perform" rating to an "outperform" rating and lowered their target price for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. Stifel Nicolaus reduced their price target on United Parcel Service from $156.00 to $153.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Finally, UBS Group lowered their price objective on United Parcel Service from $141.00 to $127.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $131.32.

United Parcel Service Price Performance

NYSE:UPS traded up $0.39 during midday trading on Tuesday, hitting $96.95. The company had a trading volume of 5,542,916 shares, compared to its average volume of 4,808,906. The company has a market capitalization of $82.81 billion, a PE ratio of 14.34, a P/E/G ratio of 1.55 and a beta of 1.10. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service has a 52-week low of $90.55 and a 52-week high of $153.42. The stock's fifty day moving average price is $112.11 and its 200-day moving average price is $123.97.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter last year, the firm posted $2.47 EPS. As a group, research analysts expect that United Parcel Service will post 7.95 earnings per share for the current year.

Institutional Trading of United Parcel Service

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