United Parcel Service (NYSE:UPS) Stock Rating Lowered by BMO Capital Markets

United Parcel Service (NYSE:UPS) was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued on Tuesday, MarketBeat.com reports. They presently have a $123.00 price objective on the transportation company’s stock, down from their previous price objective of $125.00. BMO Capital Markets’ price objective would indicate a potential upside of 5.32% from the stock’s previous close.

Several other research firms have also recently weighed in on UPS. Barclays reissued a “hold” rating and set a $120.00 price target on shares of United Parcel Service in a report on Wednesday, October 23rd. Loop Capital set a $140.00 price target on United Parcel Service and gave the company a “buy” rating in a report on Monday, September 23rd. Bank of America increased their price target on United Parcel Service from $130.00 to $135.00 and gave the company a “buy” rating in a report on Monday, September 9th. Daiwa Capital Markets raised United Parcel Service from a “neutral” rating to an “outperform” rating and set a $130.00 price target on the stock in a report on Monday, August 26th. Finally, Wells Fargo & Co began coverage on United Parcel Service in a report on Monday, October 28th. They set an “outperform” rating and a $138.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $124.24.

NYSE UPS opened at $116.79 on Tuesday. The business’s fifty day moving average price is $119.38 and its 200-day moving average price is $112.90. The stock has a market capitalization of $100.82 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 1.79 and a beta of 1.22. The company has a debt-to-equity ratio of 4.27, a current ratio of 1.11 and a quick ratio of 1.11. United Parcel Service has a 1-year low of $89.89 and a 1-year high of $125.31.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.01. The firm had revenue of $18.32 billion for the quarter, compared to analysts’ expectations of $18.35 billion. United Parcel Service had a return on equity of 154.80% and a net margin of 6.81%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.82 EPS. Equities research analysts anticipate that United Parcel Service will post 7.51 EPS for the current year.

In related news, COO James J. Barber sold 1,500 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $116.43, for a total value of $174,645.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.17% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Centric Wealth Management raised its holdings in United Parcel Service by 27.3% in the 3rd quarter. Centric Wealth Management now owns 422,008 shares of the transportation company’s stock worth $48,632,000 after purchasing an additional 90,572 shares during the period. Cypress Capital Management LLC bought a new position in United Parcel Service in the 2nd quarter worth $7,798,000. Nomura Asset Management Co. Ltd. raised its holdings in United Parcel Service by 7.1% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 207,803 shares of the transportation company’s stock worth $21,459,000 after purchasing an additional 13,743 shares during the period. Bank of Nova Scotia raised its holdings in United Parcel Service by 9.8% in the 2nd quarter. Bank of Nova Scotia now owns 148,153 shares of the transportation company’s stock worth $14,653,000 after purchasing an additional 13,206 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in United Parcel Service by 15.8% in the 2nd quarter. Fisher Asset Management LLC now owns 49,269 shares of the transportation company’s stock worth $5,088,000 after purchasing an additional 6,715 shares during the period. 55.81% of the stock is currently owned by institutional investors.

United Parcel Service Company Profile

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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Analyst Recommendations for United Parcel Service (NYSE:UPS)

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