Susquehanna Lowers United Parcel Service (NYSE:UPS) Price Target to $120.00

United Parcel Service (NYSE:UPS) had its price objective decreased by equities research analysts at Susquehanna from $130.00 to $120.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target suggests a potential upside of 8.93% from the stock’s previous close.

UPS has been the subject of a number of 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. JPMorgan Chase & Co. reduced their price target on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Morgan Stanley decreased their price objective on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Loop Capital cut their target price on United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. Finally, Stifel Nicolaus decreased their price target on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen 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 $135.83.

United Parcel Service Price Performance

Shares of UPS stock opened at $110.16 on Tuesday. United Parcel Service has a twelve month low of $108.18 and a twelve month high of $154.29. 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 stock has a fifty day simple moving average of $117.20 and a two-hundred day simple moving average of $126.04. The stock has a market capitalization of $94.10 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data 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 period last year, the firm earned $2.47 earnings per share. On average, analysts predict that United Parcel Service will post 7.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. IMG Wealth Management Inc. acquired a new stake in United Parcel Service during the 4th quarter worth about $25,000. Generali Investments Management Co LLC purchased a new stake in shares of United Parcel Service in the fourth quarter worth about $26,000. IFS Advisors LLC grew its holdings in United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after acquiring an additional 151 shares during the period. Pinney & Scofield Inc. purchased a new position in United Parcel Service during the fourth quarter valued at approximately $27,000. Finally, Fourth Dimension Wealth LLC acquired a new position in United Parcel Service in the fourth quarter valued at approximately $28,000. Hedge funds and other 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.