JP Morgan slashes price target on United Parcel Service Inc. [UPS] – find out why.


United Parcel Service Inc. [NYSE: UPS] slipped around -3.69 points on Thursday, while shares priced at $172.19 at the close of the session, down -2.10%. The company report on June 14, 2022 that UPS, PILOTS REACH TENTATIVE AGREEMENT ON TWO-YEAR CONTRACT EXTENSION.

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The Independent Pilots Association (IPA) and UPS Airlines (NYSE: UPS) today announced a tentative agreement on a new two-year contract extension.

The short term agreement provides for contract improvements in compensation and retirement.  Specific details of the agreement will not be disclosed before the IPA presents the proposed contract to all UPS pilots.

United Parcel Service Inc. stock is now -19.67% down from its year-to-date (YTD) trading value. UPS Stock saw the intraday high of $173.29 and lowest of $170.74 per share. The company’s 52-week high price is 233.72, which means current price is +4.14% above from all time high which was touched on 02/01/22.

Compared to the average trading volume of 3.55M shares, UPS reached a trading volume of 3352444 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about United Parcel Service Inc. [UPS]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UPS shares is $222.14 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UPS stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for United Parcel Service Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 13, 2022. While these analysts kept the previous recommendation, Susquehanna dropped their target price from $218 to $195. The new note on the price target was released on April 27, 2022, representing the official price target for United Parcel Service Inc. stock. Previously, the target price had yet another drop from $240 to $220, while Stephens kept a Equal-Weight rating on UPS stock. On April 27, 2022, analysts decreased their price target for UPS shares from 275 to 250.

The Average True Range (ATR) for United Parcel Service Inc. is set at 5.29, with the Price to Sales ratio for UPS stock in the period of the last 12 months amounting to 1.55. The Price to Book ratio for the last quarter was 9.76, with the Price to Cash per share for the same quarter was set at 14.07. Price to Free Cash Flow for UPS in the course of the last twelve months was 21.36 with Quick ratio for the last quarter at 1.50.

How has UPS stock performed recently?

United Parcel Service Inc. [UPS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.47. With this latest performance, UPS shares dropped by -5.98% in over the last four-week period, additionally sinking by -16.32% over the last 6 months – not to mention a drop of -13.06% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for UPS stock in for the last two-week period is set at 39.93, with the RSI for the last a single of trading hit 37.07, and the three-weeks RSI is set at 40.93 for United Parcel Service Inc. [UPS]. The present Moving Average for the last 50 days of trading for this stock 181.81, while it was recorded at 173.60 for the last single week of trading, and 199.48 for the last 200 days.

United Parcel Service Inc. [UPS]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and United Parcel Service Inc. [UPS] shares currently have an operating margin of +13.48 and a Gross Margin at +17.93. United Parcel Service Inc.’s Net Margin is presently recorded at +13.26.

Return on Equity for this stock inclined to 172.90, with Return on Assets sitting at 19.56.

United Parcel Service Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.50.

Earnings analysis for United Parcel Service Inc. [UPS]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for UPS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for United Parcel Service Inc. go to 14.10%.

Insider trade positions for United Parcel Service Inc. [UPS]

There are presently around $88,791 million, or 71.30% of UPS stock, in the hands of institutional investors. The top three institutional holders of UPS stocks are: VANGUARD GROUP INC with ownership of 65,251,167, which is approximately 1.052% of the company’s market cap and around 0.05% of the total institutional ownership; BLACKROCK INC., holding 53,873,217 shares of the stock with an approximate value of $9.28 billion in UPS stocks shares; and STATE STREET CORP, currently with $5.01 billion in UPS stock with ownership of nearly -1.843% of the company’s market capitalization.

Positions in United Parcel Service Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 1,156 institutional holders increased their position in United Parcel Service Inc. [NYSE:UPS] by around 26,794,088 shares. Additionally, 942 investors decreased positions by around 17,423,737 shares, while 278 investors held positions by with 471,440,969 shares. The mentioned changes placed institutional holdings at 515,658,794 shares, according to the latest SEC report filing. UPS stock had 153 new institutional investments in for a total of 2,597,352 shares, while 122 institutional investors sold positions of 2,416,933 shares during the same period.