United Parcel Service (NYSE:UPS) Earns Buy Rating from Analysts at Truist Financial

Research analysts at Truist Financial initiated coverage on shares of United Parcel Service (NYSE:UPS - Get Free Report) in a research report issued to clients and investors on Thursday,Benzinga reports. The firm set a "buy" rating and a $140.00 price target on the transportation company's stock. Truist Financial's price objective indicates a potential upside of 21.56% from the stock's current price.

A number of other research firms also recently issued reports on UPS. Raymond James decreased their price objective on United Parcel Service from $155.00 to $145.00 and set a "strong-buy" rating for the company in a report on Friday, January 31st. Wolfe Research upgraded shares of United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 price objective on the stock in a report on Wednesday, January 8th. StockNews.com upgraded shares of United Parcel Service from a "hold" rating to a "buy" rating in a report on Wednesday, March 5th. Bank of America decreased their target price on shares of United Parcel Service from $150.00 to $133.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Finally, Susquehanna cut their price target on shares of United Parcel Service from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Two 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 stock. Based on data from MarketBeat, United Parcel Service currently has an average rating of "Moderate Buy" and a consensus target price of $138.09.

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United Parcel Service Price Performance

Shares of UPS opened at $115.17 on Thursday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The firm has a market capitalization of $98.37 billion, a PE ratio of 17.04, a P/E/G ratio of 1.55 and a beta of 0.94. The stock has a 50 day simple moving average of $121.23 and a 200 day simple moving average of $127.55. United Parcel Service has a 52-week low of $109.40 and a 52-week high of $158.95.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 prior year, the business earned $2.47 earnings per share. Sell-side analysts predict that United Parcel Service will post 7.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of United Parcel Service by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock valued at $8,213,699,000 after purchasing an additional 370,705 shares in the last quarter. State Street Corp grew its position in shares of United Parcel Service by 2.1% in the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company's stock valued at $4,035,313,000 after buying an additional 613,409 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of United Parcel Service by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock valued at $2,933,674,000 after buying an additional 1,337,058 shares during the period. Geode Capital Management LLC raised its position in shares of United Parcel Service by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock worth $1,979,695,000 after acquiring an additional 414,710 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in United Parcel Service by 15.6% in the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock valued at $1,384,567,000 after acquiring an additional 1,484,452 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

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.

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