Barclays Reiterates Underweight Rating for United Parcel Service (NYSE:UPS)

United Parcel Service (NYSE:UPS)‘s stock had its “underweight” rating restated by equities research analysts at Barclays in a report released on Monday, Marketbeat Ratings reports. They currently have a $120.00 price target on the transportation company’s stock. Barclays‘s target price indicates a potential downside of 8.63% from the company’s previous close.

A number of other analysts also recently commented on the stock. 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 on the stock in a report on Wednesday, October 9th. Stephens dropped their price objective on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Citigroup assumed coverage on shares of United Parcel Service in a research note on Wednesday, October 9th. They set a “buy” rating and a $162.00 price target on the stock. Wells Fargo & Company boosted their price objective on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Susquehanna reduced their price target on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.05.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $131.33 on Monday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The stock has a market cap of $112.49 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99. The business has a 50-day moving average price of $130.44 and a 200 day moving average price of $136.19. United Parcel Service has a 52-week low of $123.12 and a 52-week high of $163.82.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter in the previous year, the company posted $2.54 EPS. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. Equities research analysts forecast that United Parcel Service will post 7.44 earnings per share for the current year.

Insider Buying and Selling

In related news, Director William R. Johnson bought 5,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was bought at an average cost of $128.61 per share, with a total value of $643,050.00. Following the completion of the acquisition, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. This trade represents a 3,100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by company insiders.

Institutional Investors Weigh In On United Parcel Service

Hedge funds have recently made changes to their positions in the business. TruNorth Capital Management LLC acquired a new position in United Parcel Service during the 2nd quarter valued at about $28,000. Stephens Consulting LLC boosted its stake in United Parcel Service by 869.6% during the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 200 shares in the last quarter. Riverview Trust Co bought a new stake in shares of United Parcel Service in the 2nd quarter worth $32,000. Centerpoint Advisors LLC boosted its stake in United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares in the last quarter. Finally, Tortoise Investment Management LLC grew its holdings in United Parcel Service by 168.5% during the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after acquiring an additional 155 shares during the period. 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.