The Goldman Sachs Group Cuts United Parcel Service (NYSE:UPS) Price Target to $162.00

United Parcel Service (NYSE:UPS) had its target price dropped by research analysts at The Goldman Sachs Group from $165.00 to $162.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 21.94% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Robert W. Baird lowered their price objective on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Susquehanna lowered their price objective on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Barclays lowered their price objective on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. TD Cowen began coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 target price for the company. Finally, Stephens decreased their target price on shares of 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.24.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $132.85 on Wednesday. The firm has a market cap of $113.80 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99. The firm’s 50-day simple moving average is $129.04 and its 200-day simple moving average is $137.26. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. United Parcel Service has a 1 year low of $123.12 and a 1 year 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 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same period in the prior year, the company earned $2.54 EPS. United Parcel Service’s quarterly revenue was down 1.1% on a year-over-year basis. Equities analysts forecast that United Parcel Service will post 7.42 earnings per share for the current fiscal year.

Insider Activity at United Parcel Service

In other news, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 25th. The stock was acquired at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the transaction, the director now owns 5,160 shares in the company, valued at $663,627.60. The trade was a 3,100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Pineridge Advisors LLC acquired a new position in United Parcel Service in the 4th quarter valued at approximately $31,000. TruNorth Capital Management LLC acquired a new position in United Parcel Service in the 2nd quarter valued at approximately $28,000. Stephens Consulting LLC increased its stake in United Parcel Service by 869.6% in the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after buying an additional 200 shares during the period. Riverview Trust Co acquired a new position in United Parcel Service in the 2nd quarter valued at approximately $32,000. Finally, Centerpoint Advisors LLC increased its stake in United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares during the period. Institutional investors and hedge funds 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.