United Parcel Service (NYSE:UPS) Price Target Cut to $130.00 by Analysts at Susquehanna

United Parcel Service (NYSE:UPS) had its target price reduced by Susquehanna from $140.00 to $130.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective suggests a potential upside of 12.99% from the stock’s previous close.

Several other equities analysts have also issued reports on UPS. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Bank of America dropped their target price on United Parcel Service from $150.00 to $133.00 and set a “buy” rating on the stock in a research note on Friday. Barclays reiterated an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a research note on Monday, October 21st. Robert W. Baird lowered United Parcel Service from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $160.00 to $130.00 in a research note on Friday. Finally, The Goldman Sachs Group decreased their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $147.67.

United Parcel Service Stock Up 0.1 %

Shares of NYSE UPS opened at $115.06 on Friday. United Parcel Service has a 12-month low of $109.62 and a 12-month high of $158.95. The stock’s fifty day simple moving average is $128.72 and its two-hundred day simple moving average is $130.61. The stock has a market capitalization of $98.19 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 1.88 and a beta of 1.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. During the same period in the prior year, the firm earned $2.47 earnings per share. As a group, analysts expect that United Parcel Service will post 7.5 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the sale, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UPS. True Wealth Design LLC lifted its position in shares of United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 171 shares in the last quarter. IFS Advisors LLC raised its stake in United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 151 shares during the last quarter. Princeton Global Asset Management LLC lifted its holdings in United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 216 shares in the last quarter. PSI Advisors LLC boosted its stake in United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after purchasing an additional 200 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in shares of United Parcel Service during the third quarter worth $36,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

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.