United Parcel Service (NYSE:UPS) Stock Rating Lowered by BNP Paribas Exane

United Parcel Service (NYSE:UPS) was downgraded by equities researchers at BNP Paribas Exane from a “neutral” rating to an “underperform” rating in a report issued on Tuesday. They presently have a $85.00 price target on the transportation company’s stock. BNP Paribas Exane’s price target indicates a potential downside of 20.96% from the company’s current price.

A number of other research firms also recently weighed in on UPS. JPMorgan Chase & Co. upped their price target on United Parcel Service from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Monday. Wall Street Zen upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Truist Financial boosted their price objective on shares of United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Stephens raised shares of United Parcel Service to a “hold” rating in a research report on Wednesday, October 29th. Finally, UBS Group lifted their price target on shares of United Parcel Service from $113.00 to $116.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seventeen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $111.42.

United Parcel Service Stock Down 0.5%

NYSE UPS traded down $0.49 on Tuesday, reaching $107.54. The company had a trading volume of 560,001 shares, compared to its average volume of 4,952,952. The company’s fifty day moving average is $98.14 and its 200-day moving average is $93.03. The firm has a market capitalization of $91.24 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 2.35 and a beta of 1.11. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30. United Parcel Service has a 1-year low of $82.00 and a 1-year high of $136.99.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.43. The company had revenue of $21.42 billion for the quarter, compared to analyst estimates of $20.94 billion. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.76 earnings per share. On average, research analysts forecast that United Parcel Service will post 7.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On United Parcel Service

Hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC grew its holdings in United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after buying an additional 4,723 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of United Parcel Service by 4.8% in the first quarter. Acadian Asset Management LLC now owns 26,372 shares of the transportation company’s stock valued at $2,898,000 after acquiring an additional 1,213 shares during the period. Parallel Advisors LLC grew its stake in shares of United Parcel Service by 21.4% in the second quarter. Parallel Advisors LLC now owns 19,609 shares of the transportation company’s stock valued at $1,979,000 after acquiring an additional 3,457 shares in the last quarter. NBC Securities Inc. increased its position in United Parcel Service by 5.6% during the second quarter. NBC Securities Inc. now owns 11,793 shares of the transportation company’s stock worth $1,190,000 after acquiring an additional 629 shares during the period. Finally, Webster Bank N. A. raised its stake in United Parcel Service by 13.8% in the 2nd quarter. Webster Bank N. A. now owns 867 shares of the transportation company’s stock worth $88,000 after purchasing an additional 105 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.