Deutsche Bank Aktiengesellschaft Has Lowered Expectations for United Parcel Service (NYSE:UPS) Stock Price

Key Points

• Deutsche Bank has reduced its price target for United Parcel Service (UPS) from $100.00 to $88.00, indicating a potential upside of 2.47% based on the stock's previous close.
• Several other firms, including BMO Capital Markets and Wall Street Zen, have also downgraded their ratings and price targets for UPS, with a new consensus rating of "Hold" and an average target of $110.41.
• UPS shares traded at $85.88 recently, with significant insider transactions, including the CEO acquiring shares worth $1,000,796.94, indicating confidence in the company's future.

United Parcel Service (NYSE:UPS - Get Free Report) had its price objective cut by investment analysts at Deutsche Bank Aktiengesellschaft from $100.00 to $88.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a "hold" rating on the transportation company's stock. Deutsche Bank Aktiengesellschaft's target price would suggest a potential upside of 2.47% from the company's previous close.

Several other research firms have also commented on UPS. BMO Capital Markets reiterated a "market perform" rating and issued a $96.00 price objective (down from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Wall Street Zen downgraded shares of United Parcel Service from a "hold" rating to a "sell" rating in a report on Saturday, September 20th. Stifel Nicolaus reduced their target price on United Parcel Service from $124.00 to $120.00 and set a "buy" rating on the stock in a research note on Wednesday, July 30th. Bank of America reduced their target price on United Parcel Service from $83.00 to $81.00 and set an "underperform" rating on the stock in a research note on Friday, September 26th. Finally, Susquehanna reduced their price objective on United Parcel Service from $110.00 to $100.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $110.41.

United Parcel Service Price Performance

Shares of NYSE:UPS traded up $1.50 during trading on Thursday, hitting $85.88. 6,878,270 shares of the stock were exchanged, compared to its average volume of 6,747,585. The company has a fifty day moving average price of $86.88 and a two-hundred day moving average price of $95.92. The company has a market cap of $72.79 billion, a PE ratio of 12.78, a P/E/G ratio of 1.54 and a beta of 1.10. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. United Parcel Service has a 12-month low of $82.00 and a 12-month high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). The firm had revenue of $21.20 billion for the quarter, compared to analysts' expectations of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.79 earnings per share. On average, analysts forecast that United Parcel Service will post 7.95 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Carol B. Tome bought 11,682 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the transaction, the chief executive officer owned 24,718 shares of the company's stock, valued at $2,117,591.06. This represents a 89.61% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William R. Johnson acquired 5,000 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was purchased at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the acquisition, the director owned 10,160 shares in the company, valued at approximately $878,840. This trade represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 17,182 shares of company stock valued at $1,477,382 over the last quarter. Company insiders own 0.13% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Graybill Wealth Management LTD. purchased a new position in shares of United Parcel Service in the 1st quarter valued at $26,000. Citizens National Bank Trust Department raised its position in United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after purchasing an additional 210 shares during the period. Evelyn Partners Investment Management Europe Ltd raised its position in United Parcel Service by 110.1% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company's stock valued at $25,000 after purchasing an additional 131 shares during the period. Mid American Wealth Advisory Group Inc. purchased a new position in United Parcel Service in the second quarter valued at about $26,000. Finally, Hemington Wealth Management raised its position in United Parcel Service by 68.9% in the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock valued at $31,000 after purchasing an additional 115 shares during the period. Hedge funds and other 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.

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