United Parcel Service (NYSE:UPS) Stock Price Target Cut by Truist Financial

United Parcel Service (NYSE:UPS – Get Free Report) had its target price dropped by Truist Financial from $130.00 to $115.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Truist Financial’s price target suggests a potential upside of 23.35% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Wall Street Zen cut United Parcel Service from a “buy” rating to a “hold” rating in a research note on Saturday, September 19th. Citigroup upped their target price on shares of United Parcel Service from $127.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. UBS Group raised their target price on shares of United Parcel Service from $123.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. BNP Paribas Exane decreased their price target on shares of United Parcel Service from $90.00 to $85.00 and set an “underperform” rating for the company in a research note on Wednesday, September 30th. Finally, Weiss Ratings upgraded shares of United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $116.30.

Read Our Latest Research Report on United Parcel Service

United Parcel Service Stock Up 0.1%

Shares of NYSE UPS traded up $0.12 during mid-day trading on Wednesday, hitting $93.23. The company had a trading volume of 1,788,643 shares, compared to its average volume of 5,649,750. The company has a market capitalization of $79.32 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 1.71 and a beta of 1.07. The business’s 50-day simple moving average is $101.05 and its 200 day simple moving average is $103.69. United Parcel Service has a 1-year low of $82.00 and a 1-year high of $122.41. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.18 and a quick ratio of 1.18.

United Parcel Service (NYSE:UPS – Get Free Report) last released its earnings results on Tuesday, July 28th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.65 by $0.11. United Parcel Service had a return on equity of 37.50% and a net margin of 5.08%.The firm had revenue of $22.83 billion during the quarter, compared to analysts’ expectations of $21.86 billion. During the same period in the previous year, the firm posted $1.55 EPS. United Parcel Service’s revenue for the quarter was up 7.6% on a year-over-year basis. United Parcel Service has set its FY 2026 guidance at 7.220-7.220 EPS. On average, analysts predict that United Parcel Service will post 7.21 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. raised its position in shares of United Parcel Service by 72.9% during the 4th quarter. Victory Capital Management Inc. now owns 13,818,314 shares of the transportation company’s stock worth $1,370,639,000 after acquiring an additional 5,826,824 shares in the last quarter. Bank of America Corp DE boosted its holdings in United Parcel Service by 23.3% in the first quarter. Bank of America Corp DE now owns 9,728,123 shares of the transportation company’s stock valued at $957,053,000 after purchasing an additional 1,836,651 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in United Parcel Service by 5.7% in the first quarter. Dimensional Fund Advisors LP now owns 5,037,626 shares of the transportation company’s stock valued at $495,411,000 after purchasing an additional 271,646 shares in the last quarter. Bank of New York Mellon Corp increased its stake in United Parcel Service by 2.1% in the first quarter. Bank of New York Mellon Corp now owns 4,639,324 shares of the transportation company’s stock valued at $456,417,000 after purchasing an additional 97,582 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in United Parcel Service by 2.5% during the fourth quarter. Van ECK Associates Corp now owns 3,743,860 shares of the transportation company’s stock worth $371,354,000 after purchasing an additional 89,856 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

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United Parcel Service Company Profile

(Get Free Report)

United Parcel Service, Inc (NYSE: UPS) is a global logistics and package delivery company that provides transportation and supply chain management services to businesses and consumers. Its operations include the pickup, transportation and delivery of packages, documents and freight through ground, air and international networks.

UPS also offers logistics and supply chain solutions, including warehousing, distribution, customs brokerage, contract logistics, returns management and specialized services for healthcare and other industries.

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