United Parcel Service (NYSE:UPS) Lowered to "Hold" Rating by StockNews.com

United Parcel Service (NYSE:UPS - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Monday.

UPS has been the topic of several other research reports. Baird R W downgraded shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 31st. Citigroup cut their price target on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley cut their price target on shares of United Parcel Service from $100.00 to $82.00 and set an "underweight" rating on the stock in a research note on Friday, January 31st. Wolfe Research cut their price target on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, Raymond James cut their price target on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service has an average rating of "Hold" and a consensus price target of $126.41.

United Parcel Service Price Performance

Shares of UPS stock traded down $1.02 during trading hours on Monday, hitting $96.89. The company's stock had a trading volume of 8,629,245 shares, compared to its average volume of 4,857,344. The business has a fifty day moving average of $108.22 and a 200-day moving average of $121.14. The stock has a market cap of $82.76 billion, a price-to-earnings ratio of 14.33, a P/E/G ratio of 1.55 and a beta of 1.10. United Parcel Service has a twelve month low of $90.55 and a twelve month high of $153.42. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating 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 EPS. As a group, equities research analysts anticipate that United Parcel Service will post 7.95 EPS for the current year.

Institutional Trading of United Parcel Service

Institutional investors and hedge funds have recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new stake in United Parcel Service during the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC bought a new position in shares of United Parcel Service during the fourth quarter valued at approximately $26,000. IFS Advisors LLC lifted its holdings in shares of United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after purchasing an additional 151 shares during the last quarter. Pinney & Scofield Inc. bought a new stake in shares of United Parcel Service in the 4th quarter worth approximately $27,000. Finally, Citizens National Bank Trust Department lifted its holdings in shares of United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after purchasing an additional 210 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

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.

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