United Parcel Service (NYSE:UPS) PT Lowered to $170.00

United Parcel Service (NYSE:UPS) had its price target reduced by equities researchers at Stifel Nicolaus from $178.00 to $170.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 14.55% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on UPS. BMO Capital Markets raised their price target on shares of United Parcel Service from $160.00 to $165.00 and gave the stock a “market perform” rating in a research note on Wednesday. Raymond James dropped their price objective on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 31st. TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. Daiwa Capital Markets lowered shares of United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 target price for the company. in a research note on Tuesday, December 26th. Finally, Oppenheimer reiterated an “outperform” rating and set a $153.00 target price on shares of United Parcel Service in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $164.57.

United Parcel Service Stock Up 0.7 %

United Parcel Service stock traded up $1.08 during trading on Thursday, reaching $148.41. The stock had a trading volume of 2,223,445 shares, compared to its average volume of 4,377,859. The stock has a market cap of $126.54 billion, a PE ratio of 19.01, a P/E/G ratio of 1.64 and a beta of 1.05. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. United Parcel Service has a 52-week low of $133.68 and a 52-week high of $197.80. The business has a 50 day moving average price of $150.79 and a 200 day moving average price of $152.28.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.01. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The company had revenue of $24.92 billion for the quarter, compared to analysts’ expectations of $25.40 billion. During the same period in the previous year, the company posted $3.62 EPS. United Parcel Service’s revenue was down 7.8% compared to the same quarter last year. On average, analysts predict that United Parcel Service will post 8.29 EPS for the current year.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto acquired 1,400 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the acquisition, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $199,220. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by company insiders.

Institutional Investors Weigh In On United Parcel Service

Hedge funds have recently bought and sold shares of the company. VisionPoint Advisory Group LLC bought a new stake in shares of United Parcel Service during the second quarter worth $25,000. OFI Invest Asset Management bought a new position in United Parcel Service in the third quarter valued at $25,000. IMA Wealth Inc. grew its position in United Parcel Service by 100.0% in the second quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 71 shares in the last quarter. Pacific Center for Financial Services bought a new stake in United Parcel Service during the 1st quarter worth approximately $25,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in United Parcel Service during the 4th quarter worth approximately $26,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

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.