Loop Capital Cuts United Parcel Service (NYSE:UPS) Price Target to $115.00

United Parcel Service (NYSE:UPS) had its price objective reduced by research analysts at Loop Capital from $120.00 to $115.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “hold” rating on the transportation company’s stock. Loop Capital’s target price would suggest a potential upside of 2.93% from the stock’s current price.

A number of other equities analysts also recently issued reports on the stock. The Goldman Sachs Group dropped their price objective on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research note on Friday. Barclays restated an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a research note on Monday, October 21st. Wells Fargo & Company lowered their target price on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday. Susquehanna lowered their target price on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Evercore ISI raised their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service Price Performance

Shares of NYSE:UPS traded down $2.51 on Monday, reaching $111.72. The company’s stock had a trading volume of 8,046,544 shares, compared to its average volume of 6,835,497. United Parcel Service has a 52-week low of $109.40 and a 52-week high of $158.95. The company has a market cap of $95.34 billion, a P/E ratio of 16.53, a PEG ratio of 1.63 and a beta of 0.98. The company has a 50-day simple moving average of $128.31 and a 200 day simple moving average of $130.16. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data 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 6.35% and a return on equity of 39.13%. During the same period in the previous year, the company posted $2.47 earnings per share. As a group, equities research analysts anticipate that United Parcel Service will post 8.61 EPS for the current fiscal year.

Insider Transactions at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the transaction, the insider now owns 45,098 shares of the company’s stock, valued at $6,249,229.86. The trade was a 13.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.13% of the company’s stock.

Institutional Trading of United Parcel Service

Hedge funds have recently bought and sold shares of the company. State Street Corp lifted its holdings in United Parcel Service by 2.1% in the third quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock valued at $4,035,313,000 after acquiring an additional 613,409 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of United Parcel Service by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock worth $2,989,609,000 after buying an additional 1,320,921 shares during the period. Geode Capital Management LLC grew its position in shares of United Parcel Service by 2.5% during the third quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock worth $2,080,170,000 after purchasing an additional 373,202 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of United Parcel Service by 15,779.6% during the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock worth $1,994,853,000 after purchasing an additional 14,539,321 shares in the last quarter. Finally, FMR LLC grew its position in shares of United Parcel Service by 3.7% during the third quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock worth $1,448,960,000 after purchasing an additional 380,229 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

About United Parcel Service

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.