United Parcel Service (NYSE:UPS) Stock Gets Price Target Reduction from Sanford C. Bernstein

United Parcel Service (NYSE:UPS – Get Free Report) had its price objective reduced by analysts at Sanford C. Bernstein from $131.00 to $127.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the transportation company’s stock. Sanford C. Bernstein’s price objective would indicate a potential upside of 27.59% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Raymond James Financial increased their price objective on shares of United Parcel Service from $127.00 to $131.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, July 29th. BMO Capital Markets boosted their target price on United Parcel Service from $110.00 to $115.00 and gave the company a “market perform” rating in a research report on Wednesday, July 29th. UBS Group boosted their target price on United Parcel Service from $123.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Evercore upped their price target on United Parcel Service from $117.00 to $118.00 in a research note on Wednesday, July 29th. Finally, The Goldman Sachs Group increased their price target on United Parcel Service from $128.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $115.70.

Read Our Latest Research Report on United Parcel Service

United Parcel Service Stock Up 1.0%

Shares of United Parcel Service stock traded up $1.02 during trading on Wednesday, reaching $99.54. 1,337,978 shares of the company traded hands, compared to its average volume of 5,590,605. 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 has a 1-year low of $86.30 and a 1-year high of $122.41. The company has a 50 day moving average price of $99.11 and a 200-day moving average price of $103.60. The firm has a market capitalization of $84.68 billion, a PE ratio of 18.50, a P/E/G ratio of 1.80 and a beta of 1.07.

United Parcel Service (NYSE:UPS – Get Free Report) last issued its earnings results on Tuesday, July 28th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.11. The business had revenue of $22.83 billion for the quarter, compared to analyst estimates of $21.86 billion. United Parcel Service had a net margin of 5.08% and a return on equity of 37.50%. United Parcel Service’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.55 earnings per share. United Parcel Service has set its FY 2026 guidance at 7.220-7.220 EPS. As a group, equities research analysts expect that United Parcel Service will post 7.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in UPS. Wellington Management Group LLP increased its stake in United Parcel Service by 262.7% in the second quarter. Wellington Management Group LLP now owns 3,046,707 shares of the transportation company’s stock valued at $327,521,000 after acquiring an additional 2,206,666 shares during the last quarter. Bank of America Corp DE raised its position in United Parcel Service by 23.3% during 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. Manning & Napier Advisors LLC bought a new position in shares of United Parcel Service during the 2nd quarter valued at about $192,304,000. Cullen Capital Management LLC bought a new position in shares of United Parcel Service during the 2nd quarter valued at about $178,071,000. Finally, First Trust Advisors LP raised its holdings in shares of United Parcel Service by 37.4% during the 1st quarter. First Trust Advisors LP now owns 3,631,133 shares of the transportation company’s stock valued at $357,231,000 after buying an additional 988,442 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service News Roundup

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About United Parcel Service

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United Parcel Service, Inc (NYSE: UPS) is a global package delivery and logistics company. Its services include the transportation and delivery of packages and freight, time-definite express delivery, supply chain management, customs brokerage, and logistics consulting. UPS serves businesses and consumers through ground, air, and international delivery networks.

The company operates across the United States and in international markets throughout Europe, Asia-Pacific, Latin America, Canada, and other regions.

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