Stifel Nicolaus Issues Pessimistic Forecast for United Parcel Service (NYSE:UPS) Stock Price

United Parcel Service (NYSE:UPS - Get Free Report) had its price target cut by investment analysts at Stifel Nicolaus from $145.00 to $124.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the transportation company's stock. Stifel Nicolaus' price objective would suggest a potential upside of 27.94% from the company's current price.

A number of other analysts have also weighed in on the company. Citigroup lowered their target price on United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Galvan Research lowered their price objective on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Barclays reduced their target price on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research report on Monday, March 31st. Wells Fargo & Company reissued an "equal weight" rating and issued a $98.00 price target (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $120.87.

United Parcel Service Price Performance

Shares of UPS traded up $2.32 during trading hours on Wednesday, hitting $96.92. The stock had a trading volume of 812,507 shares, compared to its average volume of 4,918,324. The stock has a market capitalization of $82.79 billion, a price-to-earnings ratio of 14.33, a P/E/G ratio of 1.55 and a beta of 1.23. United Parcel Service has a 52 week low of $90.55 and a 52 week high of $153.42. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The company's fifty day moving average is $106.98 and its two-hundred day moving average is $120.52.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The company had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. United Parcel Service's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 earnings per share. On average, analysts anticipate that United Parcel Service will post 7.95 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UPS. Castlekeep Investment Advisors LLC raised its position in shares of United Parcel Service by 19.5% during the first quarter. Castlekeep Investment Advisors LLC now owns 10,961 shares of the transportation company's stock worth $1,206,000 after purchasing an additional 1,789 shares during the period. Dakota Wealth Management raised its holdings in United Parcel Service by 19.4% during the 1st quarter. Dakota Wealth Management now owns 12,525 shares of the transportation company's stock worth $1,378,000 after buying an additional 2,035 shares during the period. SBI Securities Co. Ltd. lifted its stake in United Parcel Service by 55.0% in the first quarter. SBI Securities Co. Ltd. now owns 2,181 shares of the transportation company's stock valued at $240,000 after buying an additional 774 shares in the last quarter. Sigma Planning Corp lifted its stake in United Parcel Service by 21.3% in the first quarter. Sigma Planning Corp now owns 16,832 shares of the transportation company's stock valued at $1,851,000 after buying an additional 2,954 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of United Parcel Service by 4.1% in the first quarter. Signaturefd LLC now owns 45,521 shares of the transportation company's stock valued at $5,007,000 after buying an additional 1,777 shares during the period. 60.26% of the stock is currently owned by institutional investors.

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.