JPMorgan Chase & Co. Cuts United Parcel Service (NYSE:UPS) Price Target to $120.00

United Parcel Service (NYSE:UPS) had its price objective lowered by JPMorgan Chase & Co. from $135.00 to $120.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 4.76% from the stock’s current price.

Several other analysts have also recently commented on UPS. Wells Fargo & Company lowered their target price on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday. Evercore ISI increased their target price on United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a report on Wednesday, January 22nd. Susquehanna reduced their target price on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Friday. Oppenheimer increased their target price on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Finally, The Goldman Sachs Group reduced their target price on United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a report on Friday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen 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 has an average rating of “Moderate Buy” and an average price target of $143.76.

United Parcel Service Stock Down 0.3 %

UPS traded down $0.35 on Friday, reaching $114.55. The company’s stock had a trading volume of 10,566,777 shares, compared to its average volume of 6,513,422. The stock has a market cap of $97.75 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 1.88 and a beta of 1.00. United Parcel Service has a 1 year low of $109.62 and a 1 year high of $158.95. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The business’s 50 day moving average is $128.72 and its 200 day moving average is $130.61.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. During the same quarter in the previous year, the company earned $2.47 EPS. As a group, research analysts forecast that United Parcel Service will post 7.5 EPS for the current fiscal year.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On United Parcel Service

A number of large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in shares of United Parcel Service by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock worth $113,064,000 after buying an additional 33,989 shares during the last quarter. Synovus Financial Corp boosted its stake in shares of United Parcel Service by 8.6% during the 3rd quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock worth $11,934,000 after buying an additional 6,941 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of United Parcel Service by 1,061.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after buying an additional 1,620,091 shares during the last quarter. HF Advisory Group LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth about $1,305,000. Finally, Cohen Investment Advisors LLC boosted its stake in shares of United Parcel Service by 26.4% during the 3rd quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock worth $2,503,000 after buying an additional 3,835 shares during the last quarter. 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.