United Parcel Service (NYSE:UPS) Coverage Initiated by Analysts at Truist Financial

Truist Financial started coverage on shares of United Parcel Service (NYSE:UPS) in a report issued on Thursday,Benzinga reports. The firm set a “buy” rating and a $140.00 price target on the transportation company’s stock. Truist Financial’s price objective would suggest a potential upside of 21.56% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Morgan Stanley dropped their price target on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company decreased their price target on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, January 31st. The Goldman Sachs Group dropped their price objective on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. UBS Group lowered their target price on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $138.09.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $115.17 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The firm’s 50-day moving average price is $121.23 and its 200-day moving average price is $127.55. The firm has a market capitalization of $98.37 billion, a P/E ratio of 17.04, a P/E/G ratio of 1.55 and a beta of 0.94. United Parcel Service has a 1-year low of $109.40 and a 1-year high of $158.95.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the prior year, the business earned $2.47 earnings per share. Equities research analysts anticipate that United Parcel Service will post 7.95 earnings per share for the current fiscal year.

Institutional Trading of United Parcel Service

Hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of United Parcel Service by 4.3% in the third quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock worth $113,064,000 after buying an additional 33,989 shares in the last quarter. Onyx Bridge Wealth Group LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at about $461,000. Synovus Financial Corp grew its holdings in shares of United Parcel Service by 8.6% during the third quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock worth $11,934,000 after purchasing an additional 6,941 shares in the last quarter. HF Advisory Group LLC bought a new position in shares of United Parcel Service in the fourth quarter worth approximately $1,305,000. Finally, Allspring Global Investments Holdings LLC raised its stake in United Parcel Service by 27.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock valued at $16,304,000 after purchasing an additional 28,108 shares in the last quarter. 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.