United Parcel Service (NYSE:UPS) Stock Rating Upgraded by HSBC

United Parcel Service (NYSE:UPS) was upgraded by HSBC from a “hold” rating to a “buy” rating in a research note issued on Thursday, Marketbeat reports. The firm currently has a $170.00 price objective on the transportation company’s stock, up from their previous price objective of $150.00. HSBC’s target price would suggest a potential upside of 15.23% from the company’s current price.

Several other brokerages have also commented on UPS. BMO Capital Markets increased their price target on shares of United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a research note on Wednesday. Barclays reduced their price target on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 31st. Bank of America raised their price objective on United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday. Argus cut United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, TD Cowen cut their price target on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $165.23.

United Parcel Service Stock Performance

Shares of UPS stock opened at $147.53 on Thursday. The company has a market cap of $125.79 billion, a P/E ratio of 21.38, a PEG ratio of 1.68 and a beta of 1.05. The firm has a fifty day moving average price of $149.56 and a 200 day moving average price of $150.96. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.11. United Parcel Service has a 12 month low of $133.68 and a 12 month high of $192.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same period in the previous year, the business earned $2.20 EPS. United Parcel Service’s revenue for the quarter was down 5.3% on a year-over-year basis. Sell-side analysts predict that United Parcel Service will post 8.21 earnings per share for the current fiscal year.

Insider Buying and Selling at United Parcel Service

In related news, Director Eva C. Boratto purchased 1,400 shares of the stock in a transaction dated Friday, February 2nd. The shares were acquired at an average cost of $142.30 per share, with a total value of $199,220.00. Following the purchase, the director now directly owns 1,400 shares in the company, valued at approximately $199,220. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On United Parcel Service

Institutional investors have recently modified their holdings of the company. ARK Investment Management LLC raised its position in United Parcel Service by 7.3% during the third quarter. ARK Investment Management LLC now owns 11,954 shares of the transportation company’s stock worth $1,863,000 after acquiring an additional 817 shares during the last quarter. Advisory Alpha LLC lifted its stake in United Parcel Service by 11.3% in the 3rd quarter. Advisory Alpha LLC now owns 1,322 shares of the transportation company’s stock valued at $206,000 after buying an additional 134 shares in the last quarter. Secure Asset Management LLC grew its holdings in United Parcel Service by 27.7% during the 3rd quarter. Secure Asset Management LLC now owns 2,172 shares of the transportation company’s stock valued at $339,000 after buying an additional 471 shares during the last quarter. WASHINGTON TRUST Co increased its position in United Parcel Service by 1.3% during the third quarter. WASHINGTON TRUST Co now owns 6,950 shares of the transportation company’s stock worth $1,083,000 after buying an additional 90 shares in the last quarter. Finally, Stewart & Patten Co. LLC increased its position in United Parcel Service by 2.1% during the third quarter. Stewart & Patten Co. LLC now owns 107,587 shares of the transportation company’s stock worth $16,770,000 after buying an additional 2,194 shares in the last quarter. Hedge funds and other institutional investors 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.