JPMorgan Chase & Co. Lowers United Parcel Service (NYSE:UPS) Price Target to $144.00

United Parcel Service (NYSE:UPS) had its price target cut by investment analysts at JPMorgan Chase & Co. from $150.00 to $144.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 14.73% from the stock’s current price.

UPS has been the topic of several other reports. HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating and increased their price objective for the company from $150.00 to $170.00 in a research report on Thursday, April 25th. UBS Group cut their price objective on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research report on Wednesday. Stifel Nicolaus decreased their target price on United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a research report on Wednesday. Bank of America lowered their target price on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Morgan Stanley boosted their price target on United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $159.05.

United Parcel Service Stock Performance

United Parcel Service stock traded down $2.17 during midday trading on Wednesday, reaching $125.51. 5,468,602 shares of the company’s stock were exchanged, compared to its average volume of 4,139,238. The stock’s 50-day simple moving average is $138.89 and its 200 day simple moving average is $146.16. The firm has a market cap of $107.38 billion, a price-to-earnings ratio of 18.21, a P/E/G ratio of 1.86 and a beta of 0.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. United Parcel Service has a 52 week low of $124.80 and a 52 week high of $192.98.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.19). The business had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.54 earnings per share. On average, analysts expect that United Parcel Service will post 8.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On United Parcel Service

A number of large investors have recently modified their holdings of UPS. Gleason Group Inc. boosted its stake in United Parcel Service by 1.1% in the fourth quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock valued at $999,000 after buying an additional 66 shares in the last quarter. Cullen Investment Group LTD. lifted its holdings in shares of United Parcel Service by 0.7% in the first quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock worth $1,480,000 after acquiring an additional 68 shares during the last quarter. SeaCrest Wealth Management LLC boosted its stake in shares of United Parcel Service by 1.0% in the 4th quarter. SeaCrest Wealth Management LLC now owns 7,193 shares of the transportation company’s stock valued at $1,142,000 after purchasing an additional 69 shares in the last quarter. Blackston Financial Advisory Group LLC grew its holdings in shares of United Parcel Service by 1.4% during the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after purchasing an additional 69 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in United Parcel Service by 2.2% during the 1st quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company’s stock worth $477,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds 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.