United Parcel Service (NYSE:UPS) Price Target Lowered to $90.00 at Barclays

United Parcel Service (NYSE:UPS) had its price target reduced by stock analysts at Barclays from $100.00 to $90.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “underweight” rating on the transportation company’s stock. Barclays‘s price target would indicate a potential downside of 18.24% from the company’s current price.

Several other equities analysts have also recently commented on the company. Morgan Stanley reduced their target price on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $155.00 to $150.00 in a research note on Tuesday, December 10th. Citigroup cut their price objective on United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Finally, Baird R W downgraded United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $136.26.

United Parcel Service Price Performance

Shares of UPS traded up $0.42 on Monday, reaching $110.08. The stock had a trading volume of 1,246,988 shares, compared to its average volume of 4,648,379. United Parcel Service has a twelve month low of $108.34 and a twelve month high of $154.29. The firm has a market capitalization of $94.03 billion, a PE ratio of 16.27, a PEG ratio of 1.55 and a beta of 0.94. The firm has a 50-day moving average of $118.52 and a 200 day moving average of $126.40. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the business earned $2.47 EPS. Sell-side analysts expect that United Parcel Service will post 7.95 EPS for the current year.

Institutional Trading of United Parcel Service

Several institutional investors have recently bought and sold shares of the business. Public Sector Pension Investment Board grew its position in United Parcel Service by 14.5% in the third quarter. Public Sector Pension Investment Board now owns 32,289 shares of the transportation company’s stock worth $4,402,000 after acquiring an additional 4,100 shares during the period. Arete Wealth Advisors LLC boosted its holdings in shares of United Parcel Service by 69.0% in the 3rd quarter. Arete Wealth Advisors LLC now owns 19,068 shares of the transportation company’s stock valued at $2,591,000 after buying an additional 7,786 shares in the last quarter. True Wealth Design LLC lifted its position in 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 during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of United Parcel Service in the 3rd quarter valued at about $2,054,000. Finally, FSA Wealth Management LLC acquired a new position in shares of United Parcel Service in the 3rd quarter valued at $36,000. 60.26% of the stock is 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.