United Parcel Service (NYSE:UPS) Price Target Lowered to $158.00 at Citigroup

United Parcel Service (NYSE:UPS) had its price objective reduced by stock analysts at Citigroup from $163.00 to $158.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Citigroup’s price objective would suggest a potential upside of 18.16% from the stock’s current price.

UPS has been the subject of several other reports. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. TD Cowen assumed coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target on the stock. Barclays reissued an “underweight” rating and issued a $120.00 price objective on shares of United Parcel Service in a research note on Monday, October 21st. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.52.

United Parcel Service Stock Up 2.8 %

Shares of UPS opened at $133.72 on Tuesday. The company’s 50-day moving average price is $132.17 and its 200 day moving average price is $134.88. United Parcel Service has a 12-month low of $123.12 and a 12-month high of $163.82. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The firm has a market cap of $114.54 billion, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 2.14 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.57 EPS. On average, sell-side analysts forecast that United Parcel Service will post 7.48 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UPS. Townsquare Capital LLC increased its holdings in United Parcel Service by 7.0% during the third quarter. Townsquare Capital LLC now owns 82,858 shares of the transportation company’s stock worth $11,297,000 after buying an additional 5,444 shares during the last quarter. Cadence Bank increased its stake in shares of United Parcel Service by 3.1% during the 3rd quarter. Cadence Bank now owns 37,214 shares of the transportation company’s stock worth $5,074,000 after purchasing an additional 1,111 shares during the last quarter. Shum Financial Group Inc. bought a new stake in shares of United Parcel Service in the 3rd quarter valued at about $665,000. Brooklyn Investment Group acquired a new stake in United Parcel Service in the 3rd quarter valued at about $336,000. Finally, FMR LLC raised its stake in United Parcel Service by 3.7% in the third quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock valued at $1,448,960,000 after buying an additional 380,229 shares during the period. Institutional investors own 60.26% of the company’s stock.

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.