Barclays Lowers United Parcel Service (NYSE:UPS) Price Target to $80.00

Key Points

• Barclays has lowered its price target for United Parcel Service (UPS) from $90.00 to $80.00, indicating a potential downside of 7.20% from the current stock price.
• Several brokerages, including TD Cowen and HSBC, have also reduced their price targets and modified their ratings on UPS, reflecting a cautious outlook on the company's performance.
• UPS shares traded down to $86.21, with a market cap of $73.00 billion and a PE ratio of 12.83, as the company reported a quarterly earnings miss.

United Parcel Service (NYSE:UPS - Get Free Report) had its target price dropped by equities researchers at Barclays from $90.00 to $80.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an "underweight" rating on the transportation company's stock. Barclays's price target suggests a potential downside of 5.37% from the company's previous close.

A number of other analysts have also commented on UPS. TD Cowen dropped their price target on United Parcel Service from $117.00 to $107.00 in a research note on Wednesday, April 30th. Wolfe Research dropped their price target on United Parcel Service from $113.00 to $112.00 and set an "outperform" rating for the company in a research note on Tuesday, July 1st. Stephens dropped their price target on United Parcel Service from $110.00 to $101.00 in a research note on Wednesday, April 30th. Citigroup lowered their price target on United Parcel Service from $127.00 to $114.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Wells Fargo & Company cut their price target on United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating for the company in a research note on Wednesday. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $112.81.

United Parcel Service Price Performance

Shares of UPS stock traded down $1.62 during trading on Thursday, hitting $84.54. The company had a trading volume of 11,258,979 shares, compared to its average volume of 6,969,219. The company has a quick ratio of 1.09, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The stock's 50-day moving average is $99.32 and its two-hundred day moving average is $106.14. The stock has a market capitalization of $71.59 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 1.56 and a beta of 1.12. United Parcel Service has a 52 week low of $84.28 and a 52 week high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%. The company had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter last year, the company posted $1.79 earnings per share. The firm's revenue for the quarter was down 2.7% on a year-over-year basis. As a group, analysts predict that United Parcel Service will post 7.95 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 business's stock in a transaction on Thursday, July 31st. The shares were bought at an average price of $86.50 per share, with a total value of $432,500.00. Following the transaction, the director directly owned 10,160 shares of the company's stock, valued at $878,840. The trade was a 96.90% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Carol B. Tome acquired 11,682 shares of the business's stock in a transaction on Friday, August 1st. The stock was acquired at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the transaction, the chief executive officer directly owned 24,718 shares in the company, valued at $2,117,591.06. The trade was a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.13% of the company's stock.

Hedge Funds Weigh In On United Parcel Service

Several hedge funds have recently bought and sold shares of UPS. Gallacher Capital Management LLC bought a new stake in United Parcel Service during the first quarter valued at about $620,000. Garde Capital Inc. bought a new stake in United Parcel Service during the first quarter valued at about $37,000. Golden State Wealth Management LLC boosted its position in United Parcel Service by 61.3% during the first quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company's stock valued at $173,000 after purchasing an additional 599 shares in the last quarter. CWA Asset Management Group LLC boosted its position in United Parcel Service by 5.9% during the first quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock valued at $381,000 after purchasing an additional 193 shares in the last quarter. Finally, Advisor Resource Council bought a new stake in United Parcel Service during the first quarter valued at about $437,000. 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.