Truist Financial Issues Pessimistic Forecast for United Parcel Service (NYSE:UPS) Stock Price

United Parcel Service (NYSE:UPS - Get Free Report) had its price target lowered by research analysts at Truist Financial from $140.00 to $130.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the transportation company's stock. Truist Financial's price target would suggest a potential upside of 32.84% from the company's current price.

Several other analysts have also issued reports on the company. Wolfe Research reduced their target price on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. UBS Group decreased their target price on shares of United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Susquehanna cut their price target on shares of United Parcel Service from $130.00 to $120.00 and set a "neutral" rating for the company in a report on Tuesday, April 1st. Robert W. Baird cut shares of United Parcel Service from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $160.00 to $130.00 in a research note on Friday, January 31st. Finally, StockNews.com upgraded shares of United Parcel Service from a "hold" rating to a "buy" rating in a research report on Friday, April 18th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service has a consensus rating of "Hold" and a consensus target price of $126.41.

United Parcel Service Stock Performance

Shares of United Parcel Service stock traded down $1.06 during trading on Thursday, reaching $97.86. The company's stock had a trading volume of 4,573,715 shares, compared to its average volume of 4,833,118. 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's 50-day moving average price is $108.58 and its 200-day moving average price is $121.56. United Parcel Service has a 52 week low of $90.55 and a 52 week high of $153.42. The firm has a market cap of $83.59 billion, a PE ratio of 14.48, a P/E/G ratio of 1.55 and a beta of 1.10.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the company posted $2.47 earnings per share. Equities analysts forecast that United Parcel Service will post 7.95 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of UPS. IMG Wealth Management Inc. acquired a new position in shares of United Parcel Service in the fourth quarter worth approximately $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service during the fourth quarter worth $26,000. IFS Advisors LLC lifted its holdings in United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock valued at $27,000 after buying an additional 151 shares during the period. Pinney & Scofield Inc. bought a new stake in United Parcel Service during the fourth quarter valued at $27,000. Finally, Citizens National Bank Trust Department grew its holdings in United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after acquiring an additional 210 shares during the period. 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.