United Parcel Service (NYSE:UPS) Price Target Lowered to $110.00 at UBS Group

Key Points

• UBS Group has lowered its price target for United Parcel Service from $118.00 to $110.00, while maintaining a "buy" rating, indicating a potential upside of 27.10% from the stock's previous close.
• Several analysts have reduced their price targets for UPS, with Oppenheimer and Barclays setting targets as low as $100.00 and $80.00, reflecting a mixed outlook on the stock.
• Despite a missed earnings estimate with $1.55 EPS compared to the anticipated $1.56, UPS reported revenue of $21.20 billion, exceeding analyst expectations for the quarter.

United Parcel Service (NYSE:UPS - Get Free Report) had its price objective dropped by research analysts at UBS Group from $118.00 to $110.00 in a report issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the transportation company's stock. UBS Group's price objective would suggest a potential upside of 27.10% from the stock's previous close.

Several other analysts also recently commented on UPS. Oppenheimer lowered their price objective on United Parcel Service from $114.00 to $100.00 and set an "outperform" rating for the company in a research note on Wednesday, July 30th. Bank of America decreased their price target on United Parcel Service from $83.00 to $81.00 and set an "underperform" rating for the company in a research report on Friday, September 26th. Evercore ISI reduced their price objective on United Parcel Service from $103.00 to $97.00 and set an "in-line" rating for the company in a report on Wednesday, July 30th. Barclays cut their price target on United Parcel Service from $90.00 to $80.00 and set an "underweight" rating for the company in a report on Thursday, July 31st. Finally, Citigroup dropped their price objective on United Parcel Service from $127.00 to $114.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $110.16.

United Parcel Service Stock Performance

Shares of NYSE UPS traded up $0.97 during midday trading on Friday, hitting $86.54. 536,812 shares of the company's stock were exchanged, compared to its average volume of 6,729,949. The company has a quick ratio of 1.32, a current 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. The company's 50 day moving average price is $86.54 and its 200 day moving average price is $95.70. The firm has a market capitalization of $73.35 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The business's revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.79 earnings per share. As a group, analysts predict that United Parcel Service will post 7.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other United Parcel Service news, Director Christiana Smith Shi purchased 500 shares of the business's stock in a transaction on Friday, August 22nd. The stock was acquired at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the purchase, the director owned 500 shares of the company's stock, valued at approximately $44,085. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Carol B. Tome acquired 11,682 shares of the company's stock in a transaction on Friday, August 1st. The shares were bought at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the acquisition, the chief executive officer directly owned 24,718 shares in the company, valued at approximately $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. In the last quarter, insiders acquired 17,182 shares of company stock worth $1,477,382. Corporate insiders own 0.13% of the company's stock.

Institutional Investors Weigh In On United Parcel Service

Institutional investors have recently bought and sold shares of the company. Evelyn Partners Investment Management Europe Ltd boosted its stake 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 acquiring an additional 131 shares in the last quarter. Graybill Wealth Management LTD. acquired a new stake in shares of United Parcel Service during the first quarter worth $26,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of United Parcel Service during the second quarter worth $26,000. Citizens National Bank Trust Department lifted its position in United Parcel Service by 525.0% during 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. Finally, Hemington Wealth Management lifted its position in United Parcel Service by 68.9% during 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. 60.26% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.