United Parcel Service (NYSE:UPS) Cut to “Underperform” at BNP Paribas Exane

United Parcel Service (NYSE:UPS) was downgraded by stock analysts at BNP Paribas Exane from a “neutral” rating to an “underperform” rating in a note issued to investors on Tuesday. They currently have a $85.00 target price on the transportation company’s stock. BNP Paribas Exane’s target price indicates a potential downside of 20.96% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft cut their target price on United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a research note on Thursday, October 2nd. Susquehanna upped their price objective on United Parcel Service from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Truist Financial boosted their target price on United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parcel Service in a report on Wednesday, October 8th. Finally, Wells Fargo & Company lifted their price target on shares of United Parcel Service from $91.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seventeen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $111.42.

United Parcel Service Price Performance

United Parcel Service stock traded down $0.49 during trading hours on Tuesday, reaching $107.54. 560,001 shares of the stock were exchanged, compared to its average volume of 4,952,952. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.50. United Parcel Service has a twelve month low of $82.00 and a twelve month high of $136.99. The company has a market cap of $91.24 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 2.35 and a beta of 1.11. The stock has a 50 day moving average of $98.14 and a two-hundred day moving average of $93.03.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.43. The company had revenue of $21.42 billion during the quarter, compared to the consensus estimate of $20.94 billion. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.76 EPS. Equities analysts expect that United Parcel Service will post 7.95 EPS for the current fiscal year.

Institutional Trading of United Parcel Service

Several institutional investors have recently added to or reduced their stakes in the stock. Andra AP fonden boosted its holdings in United Parcel Service by 95.9% in the second quarter. Andra AP fonden now owns 332,983 shares of the transportation company’s stock worth $33,611,000 after acquiring an additional 163,000 shares in the last quarter. BLVD Private Wealth LLC bought a new stake in shares of United Parcel Service during the second quarter valued at approximately $1,479,000. Strategic Planning Inc. acquired a new position in shares of United Parcel Service during the third quarter worth approximately $3,885,000. Avantax Advisory Services Inc. lifted its holdings in shares of United Parcel Service by 14.6% in the 2nd quarter. Avantax Advisory Services Inc. now owns 94,361 shares of the transportation company’s stock worth $9,525,000 after purchasing an additional 12,035 shares in the last quarter. Finally, Equity Investment Corp lifted its holdings in shares of United Parcel Service by 16.8% in the 2nd quarter. Equity Investment Corp now owns 1,130,550 shares of the transportation company’s stock worth $114,118,000 after purchasing an additional 162,364 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.