Bank of America Lowers United Parcel Service (NYSE:UPS) Price Target to $129.00

United Parcel Service (NYSE:UPS) had its price objective lowered by analysts at Bank of America from $133.00 to $129.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Bank of America‘s price target would indicate a potential upside of 17.09% from the company’s current price.

UPS has been the topic of a number of other reports. Morgan Stanley decreased their price objective 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. Loop Capital lowered their price target on United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Robert W. Baird downgraded United Parcel Service from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $160.00 to $130.00 in a research note on Friday, January 31st. Finally, Citigroup dropped their target price on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $137.91.

United Parcel Service Price Performance

NYSE UPS traded down $5.62 during midday trading on Tuesday, hitting $110.18. The company had a trading volume of 8,403,298 shares, compared to its average volume of 6,430,684. 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 has a twelve month low of $109.40 and a twelve month high of $157.99. The company has a market capitalization of $94.11 billion, a PE ratio of 16.30, a P/E/G ratio of 1.55 and a beta of 0.94. The firm has a 50-day moving average price of $119.95 and a 200-day moving average price of $126.92.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share 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 previous year, the business earned $2.47 earnings per share. As a group, analysts anticipate that United Parcel Service will post 7.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Swedbank AB boosted its holdings in shares of United Parcel Service by 2.8% during the 3rd quarter. Swedbank AB now owns 280,509 shares of the transportation company’s stock worth $38,245,000 after buying an additional 7,675 shares in the last quarter. Summit Trail Advisors LLC increased its stake in United Parcel Service by 8.9% in the third quarter. Summit Trail Advisors LLC now owns 5,924 shares of the transportation company’s stock valued at $808,000 after purchasing an additional 483 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of United Parcel Service by 5.0% during the third quarter. Fisher Asset Management LLC now owns 124,070 shares of the transportation company’s stock valued at $16,916,000 after purchasing an additional 5,956 shares during the period. DRW Securities LLC bought a new position in shares of United Parcel Service during the 3rd quarter worth about $1,040,000. Finally, Loomis Sayles & Co. L P grew its stake in shares of United Parcel Service by 58.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 97,712 shares of the transportation company’s stock valued at $13,322,000 after buying an additional 36,091 shares during the period. 60.26% of the stock is owned by institutional investors.

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.