United Parcel Service (NYSE:UPS) Given New $120.00 Price Target at Wells Fargo & Company

United Parcel Service (NYSE:UPS) had its target price cut by analysts at Wells Fargo & Company from $128.00 to $120.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 8.17% from the company’s previous close.

Several other analysts also recently weighed in on UPS. Stifel Nicolaus decreased their target price on 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. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $155.00 to $150.00 in a research report on Tuesday, December 10th. Truist Financial assumed coverage on United Parcel Service in a research note on Thursday, March 13th. They set a “buy” rating and a $140.00 price target on the stock. UBS Group dropped their price target on United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, Evercore ISI raised their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a report on Wednesday, January 22nd. 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 company. Based on data from MarketBeat, United Parcel Service has a consensus rating of “Moderate Buy” and an average price target of $137.57.

United Parcel Service Price Performance

Shares of UPS opened at $110.94 on Thursday. 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 simple moving average of $119.30 and a two-hundred day simple moving average of $126.68. The firm has a market cap of $94.76 billion, a PE ratio of 16.41, a P/E/G ratio of 1.55 and a beta of 0.94. United Parcel Service has a 1-year low of $109.40 and a 1-year high of $154.29.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period in the prior year, the business posted $2.47 EPS. On average, equities analysts anticipate that United Parcel Service will post 7.95 EPS for the current year.

Institutional Investors Weigh In On United Parcel Service

Several institutional investors have recently added to or reduced their stakes in the business. IMG Wealth Management Inc. acquired a new stake in shares of United Parcel Service in the 4th quarter valued at about $25,000. Generali Investments Management Co LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth $26,000. Pinney & Scofield Inc. purchased a new position in United Parcel Service in the fourth quarter valued at about $27,000. True Wealth Design LLC boosted its position in United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares in the last quarter. Finally, IFS Advisors LLC boosted its position 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 buying an additional 151 shares in the last quarter. 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.