United Parcel Service (NYSE:UPS) Price Target Cut to $162.00

United Parcel Service (NYSE:UPS) had its price target dropped by stock analysts at The Goldman Sachs Group from $165.00 to $162.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 21.47% from the company’s previous close.

Several other research analysts have also commented on UPS. Stifel Nicolaus dropped their price objective on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Wells Fargo & Company dropped their price objective on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. BMO Capital Markets dropped their price objective on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, July 24th. Oppenheimer dropped their price objective on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Finally, Stephens dropped their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $150.86.

United Parcel Service Price Performance

Shares of UPS stock traded up $2.41 on Wednesday, reaching $133.37. The company’s stock had a trading volume of 1,057,403 shares, compared to its average volume of 4,219,811. The stock’s fifty day simple moving average is $128.99 and its 200-day simple moving average is $137.29. United Parcel Service has a 1 year low of $123.12 and a 1 year high of $163.82. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $114.24 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same period last year, the business posted $2.54 earnings per share. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. Analysts forecast that United Parcel Service will post 7.43 earnings per share for the current fiscal year.

Insider Buying and Selling at United Parcel Service

In related news, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were bought at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the purchase, the director now directly owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. This trade represents a 3,100.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

Hedge Funds Weigh In On United Parcel Service

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TruNorth Capital Management LLC purchased a new position in United Parcel Service in the second quarter valued at about $28,000. Pineridge Advisors LLC purchased a new stake in shares of United Parcel Service during the fourth quarter worth about $31,000. Riverview Trust Co purchased a new stake in shares of United Parcel Service during the second quarter worth about $32,000. Centerpoint Advisors LLC grew its stake in shares of United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after acquiring an additional 175 shares during the last quarter. Finally, Stephens Consulting LLC grew its stake in shares of United Parcel Service by 869.6% during the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

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.