Wells Fargo & Company Reaffirms Equal Weight Rating for United Parcel Service (NYSE:UPS)

United Parcel Service (NYSE:UPS - Get Free Report)'s stock had its "equal weight" rating reiterated by stock analysts at Wells Fargo & Company in a research note issued on Tuesday, MarketBeat.com reports. They currently have a $98.00 price target on the transportation company's stock, down from their prior price target of $120.00. Wells Fargo & Company's price target points to a potential upside of 0.14% from the stock's current price.

A number of other equities analysts also recently weighed in on the company. UBS Group lowered their price target on United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Wolfe Research decreased 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. Stifel Nicolaus cut their price target on United Parcel Service from $156.00 to $153.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of United Parcel Service in a report on Friday, March 7th. They issued a "hold" rating and a $119.00 price objective on the stock. Finally, Citigroup cut their target price on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $128.30.

United Parcel Service Stock Down 1.1 %

Shares of NYSE:UPS traded down $1.06 during trading on Tuesday, hitting $97.86. 4,573,715 shares of the company were exchanged, compared to its average volume of 4,828,013. United Parcel Service has a fifty-two week low of $90.55 and a fifty-two week high of $153.42. The stock has a market cap of $83.59 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 1.55 and a beta of 1.10. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The firm has a fifty day moving average price of $108.93 and a two-hundred day moving average price of $121.79.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share 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 prior year, the business earned $2.47 EPS. As a group, research analysts anticipate that United Parcel Service will post 7.95 earnings per share 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. Pacific Sage Partners LLC grew its holdings in shares of United Parcel Service by 4.8% during the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company's stock valued at $212,000 after purchasing an additional 77 shares during the last quarter. Quent Capital LLC grew its stake in shares of United Parcel Service by 16.7% during the fourth quarter. Quent Capital LLC now owns 558 shares of the transportation company's stock worth $70,000 after buying an additional 80 shares during the last quarter. Gleason Group Inc. grew its stake in shares of United Parcel Service by 1.3% during the fourth quarter. Gleason Group Inc. now owns 6,660 shares of the transportation company's stock worth $840,000 after buying an additional 84 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of United Parcel Service by 2.5% during the fourth quarter. Versant Capital Management Inc now owns 3,583 shares of the transportation company's stock worth $452,000 after buying an additional 89 shares in the last quarter. Finally, Altus Wealth Group LLC lifted its stake in shares of United Parcel Service by 4.6% in the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company's stock valued at $255,000 after acquiring an additional 89 shares during the last quarter. Institutional investors 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.