Standpoint Research Downgrades United Parcel Service (UPS) to Hold

United Parcel Service (NYSE:UPS) was downgraded by Standpoint Research from a “buy” rating to a “hold” rating in a research report issued on Thursday, The Fly reports.

Several other research analysts have also commented on UPS. Zacks Investment Research lowered United Parcel Service from a “hold” rating to a “sell” rating in a report on Friday, January 11th. Credit Suisse Group boosted their target price on United Parcel Service from $104.00 to $111.00 and gave the stock a “neutral” rating in a research report on Monday. Barclays restated a “hold” rating and issued a $112.00 target price on shares of United Parcel Service in a research report on Tuesday, January 29th. Citigroup downgraded United Parcel Service from a “buy” rating to a “neutral” rating in a research report on Friday, November 2nd. Finally, Bank of America restated a “neutral” rating and issued a $112.00 target price (down previously from $116.00) on shares of United Parcel Service in a research report on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $122.29.

Shares of NYSE UPS traded down $0.67 during midday trading on Thursday, hitting $108.15. 707,975 shares of the company’s stock were exchanged, compared to its average volume of 3,855,773. United Parcel Service has a 12-month low of $89.89 and a 12-month high of $125.09. The company has a current ratio of 1.12, a quick ratio of 1.14 and a debt-to-equity ratio of 6.56. The firm has a market capitalization of $92.50 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 1.62 and a beta of 1.18.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 31st. The transportation company reported $1.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.91 by $0.03. United Parcel Service had a return on equity of 254.74% and a net margin of 6.67%. The company had revenue of $19.85 billion during the quarter, compared to analyst estimates of $19.92 billion. During the same quarter in the previous year, the firm earned $1.67 earnings per share. On average, analysts predict that United Parcel Service will post 7.6 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the business. Westpac Banking Corp raised its holdings in shares of United Parcel Service by 1.1% during the fourth quarter. Westpac Banking Corp now owns 246,590 shares of the transportation company’s stock valued at $24,050,000 after acquiring an additional 2,755 shares in the last quarter. IMS Capital Management raised its holdings in shares of United Parcel Service by 10.7% during the fourth quarter. IMS Capital Management now owns 2,362 shares of the transportation company’s stock valued at $230,000 after acquiring an additional 228 shares in the last quarter. Macroview Investment Management LLC bought a new position in shares of United Parcel Service during the fourth quarter valued at approximately $62,000. Nissay Asset Management Corp Japan ADV raised its holdings in shares of United Parcel Service by 0.3% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 77,540 shares of the transportation company’s stock valued at $7,562,000 after acquiring an additional 207 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of United Parcel Service by 7.4% during the fourth quarter. Mackenzie Financial Corp now owns 2,599,165 shares of the transportation company’s stock valued at $253,497,000 after acquiring an additional 179,048 shares in the last quarter. Hedge funds and other institutional investors own 53.94% of the company’s stock.

About United Parcel Service

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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