UBS Group Issues Pessimistic Forecast for United Parcel Service (NYSE:UPS) Stock Price

United Parcel Service (NYSE:UPS) had its price target decreased by stock analysts at UBS Group from $118.00 to $110.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. UBS Group’s price objective indicates a potential upside of 26.74% from the stock’s previous close.

UPS has been the subject of a number of other reports. Wells Fargo & Company cut their price target on shares of United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a report on Wednesday, July 30th. Barclays cut their price target on shares of United Parcel Service from $90.00 to $80.00 and set an “underweight” rating for the company in a report on Thursday, July 31st. BMO Capital Markets reissued a “market perform” rating and issued a $96.00 price target (down from $125.00) on shares of United Parcel Service in a report on Friday, September 19th. Oppenheimer cut their price target on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, July 30th. Finally, Wall Street Zen downgraded shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Saturday, September 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $110.16.

United Parcel Service Stock Performance

Shares of UPS opened at $86.79 on Friday. The firm has a 50-day moving average price of $86.20 and a 200 day moving average price of $95.32. The firm has a market capitalization of $73.56 billion, a PE ratio of 12.92, a P/E/G ratio of 1.60 and a beta of 1.10. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. United Parcel Service has a 52-week low of $82.00 and a 52-week high of $145.01.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The company had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.79 EPS. On average, sell-side analysts anticipate that United Parcel Service will post 7.95 earnings per share for the current fiscal year.

Insider Buying and Selling at United Parcel Service

In other news, Director Christiana Smith Shi acquired 500 shares of United Parcel Service stock in a transaction on Friday, August 22nd. The stock was bought at an average cost of $88.17 per share, with a total value of $44,085.00. Following the completion of the purchase, the director owned 500 shares of the company’s stock, valued at $44,085. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Carol B. Tome purchased 11,682 shares of United Parcel Service stock in a transaction dated Friday, August 1st. The stock was bought at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the transaction, the chief executive officer directly owned 24,718 shares of the company’s stock, valued at $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is currently owned by corporate insiders.

Institutional Trading of United Parcel Service

Hedge funds have recently made changes to their positions in the stock. Graybill Wealth Management LTD. purchased a new stake in shares of United Parcel Service in the first quarter worth approximately $26,000. Citizens National Bank Trust Department lifted its position in shares of United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after purchasing an additional 210 shares in the last quarter. Evelyn Partners Investment Management Europe Ltd lifted its position in shares of United Parcel Service by 110.1% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after purchasing an additional 131 shares in the last quarter. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of United Parcel Service in the second quarter worth approximately $26,000. Finally, Hemington Wealth Management lifted its position in shares of United Parcel Service by 68.9% in the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after purchasing an additional 115 shares in the last quarter. 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.