Loop Capital Downgrades United Parcel Service (NYSE:UPS) to Hold

Posted by Defense World Staff on Aug 9th, 2023

United Parcel Service (NYSE:UPS – Get Free Report) was downgraded by equities research analysts at Loop Capital from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Briefing.com reports. They presently have a $195.00 price target on the transportation company’s stock, down from their previous price target of $210.00. Loop Capital’s target price would suggest a potential upside of 7.98% from the company’s current price.

UPS has been the topic of a number of other research reports. Wolfe Research raised United Parcel Service from an “underperform” rating to a “market perform” rating in a report on Tuesday, April 25th. BMO Capital Markets lowered their price target on United Parcel Service from $185.00 to $180.00 in a report on Wednesday, April 26th. StockNews.com started coverage on United Parcel Service in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Atlantic Securities started coverage on United Parcel Service in a report on Tuesday, June 6th. They issued a “neutral” rating and a $162.00 price target on the stock. Finally, Wells Fargo & Company lowered their price target on United Parcel Service from $221.00 to $205.00 in a report on Wednesday, April 26th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $189.04.

View Our Latest Analysis on UPS

United Parcel Service Stock Down 0.9 %

Shares of NYSE:UPS opened at $180.59 on Wednesday. The company has a market capitalization of $155.11 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 1.71 and a beta of 1.07. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.34 and a quick ratio of 1.34. The business has a fifty day moving average price of $178.78 and a two-hundred day moving average price of $181.33. United Parcel Service has a 1 year low of $154.87 and a 1 year high of $209.39.

United Parcel Service (NYSE:UPS – Get Free Report) last posted its quarterly earnings results on Tuesday, August 8th. The transportation company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.05. The company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $23.04 billion. United Parcel Service had a return on equity of 57.68% and a net margin of 10.90%. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.29 EPS. Analysts forecast that United Parcel Service will post 10.66 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in UPS. Pacific Center for Financial Services purchased a new position in United Parcel Service during the first quarter valued at $25,000. Worth Asset Management LLC purchased a new position in United Parcel Service during the first quarter valued at $27,000. Carolina Wealth Advisors LLC raised its stake in shares of United Parcel Service by 216.0% in the second quarter. Carolina Wealth Advisors LLC now owns 158 shares of the transportation company’s stock worth $28,000 after purchasing an additional 108 shares during the last quarter. Y.D. More Investments Ltd purchased a new position in shares of United Parcel Service in the fourth quarter worth $29,000. Finally, Dark Forest Capital Management LP purchased a new position in shares of United Parcel Service in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 58.94% of the company’s stock.

About United Parcel Service

(Get Free Report)

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 letters, documents, small packages, and palletized freight through air and ground services in the United States.