Raymond James Issues Pessimistic Forecast for United Parcel Service (NYSE:UPS) Stock Price

United Parcel Service (NYSE:UPS) had its target price dropped by stock analysts at Raymond James from $145.00 to $130.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “strong-buy” rating on the transportation company’s stock. Raymond James’ target price indicates a potential upside of 30.45% from the stock’s current price.

A number of other analysts have also issued reports on the stock. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. 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. Loop Capital reduced their target price on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. Truist Financial assumed coverage on United Parcel Service in a report on Thursday, March 13th. They issued a “buy” rating and a $140.00 price target for the company. Finally, Stifel Nicolaus reduced their price objective on United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and an average target price of $131.32.

United Parcel Service Stock Performance

NYSE:UPS opened at $99.65 on Tuesday. 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 stock’s fifty day moving average is $112.70 and its 200 day moving average is $124.44. The firm has a market capitalization of $85.12 billion, a PE ratio of 14.74, a PEG ratio of 1.55 and a beta of 1.10. United Parcel Service has a fifty-two week low of $90.55 and a fifty-two week high of $153.42.

United Parcel Service (NYSE:UPS) last released its earnings results 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 period last year, the firm posted $2.47 earnings per share. On average, sell-side analysts anticipate that United Parcel Service will post 7.95 earnings per share for the current year.

Institutional Trading of United Parcel Service

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. raised its stake in shares of United Parcel Service by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock valued at $113,064,000 after buying an additional 33,989 shares during the last quarter. Onyx Bridge Wealth Group LLC acquired a new position in United Parcel Service in the fourth quarter valued at approximately $461,000. Synovus Financial Corp boosted its position in United Parcel Service by 8.6% in the 3rd quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock worth $11,934,000 after purchasing an additional 6,941 shares in the last quarter. HF Advisory Group LLC acquired a new stake in shares of United Parcel Service during the 4th quarter worth approximately $1,305,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of United Parcel Service by 27.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock valued at $16,304,000 after purchasing an additional 28,108 shares during the period. Institutional investors and hedge funds 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.