United Parcel Service’s (UPS) “Underweight” Rating Reaffirmed at Barclays

United Parcel Service (NYSE:UPS)‘s stock had its “underweight” rating reissued by equities research analysts at Barclays in a report released on Monday, Benzinga reports. They presently have a $120.00 target price on the transportation company’s stock. Barclays‘s target price would suggest a potential downside of 11.72% from the stock’s previous close.

A number of other analysts have also commented on UPS. Oppenheimer reduced their target price on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. JPMorgan Chase & Co. dropped their price target on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Baird R W raised United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. The Goldman Sachs Group cut their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, Evercore ISI dropped their target price on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research report on Monday, June 24th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.24.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $135.93 on Monday. United Parcel Service has a 1 year low of $123.12 and a 1 year high of $163.82. The firm’s 50-day moving average is $130.21 and its 200 day moving average is $136.46. The stock has a market cap of $116.43 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 2.00 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.20). The firm had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.54 EPS. Sell-side analysts anticipate that United Parcel Service will post 7.44 EPS for the current fiscal year.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was purchased at an average price of $128.61 per share, with a total value of $643,050.00. Following the completion of the purchase, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. The trade was a 3,100.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Natixis purchased a new position in shares of United Parcel Service in the first quarter worth $121,000. Cohen Investment Advisors LLC lifted its stake in United Parcel Service by 26.4% in the 3rd quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock worth $2,503,000 after purchasing an additional 3,835 shares in the last quarter. Financial Partners Group LLC lifted its stake in United Parcel Service by 23.9% in the 2nd quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock worth $3,602,000 after purchasing an additional 5,069 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of United Parcel Service by 12.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 59,567 shares of the transportation company’s stock valued at $8,853,000 after purchasing an additional 6,502 shares during the last quarter. Finally, Nvwm LLC grew its position in shares of United Parcel Service by 3.7% during the first quarter. Nvwm LLC now owns 2,685 shares of the transportation company’s stock valued at $399,000 after purchasing an additional 96 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

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.