United Parcel Service (NYSE:UPS) Shares Gap Down - Should You Sell?

Key Points

• United Parcel Service gapped down from $107.57 to an open of $102.32 and was last trading around $98.65, down about 9.4% on roughly 2.56 million shares.
• Analysts are mixed: MarketBeat's consensus is a Hold with an average price target of $112.08, though several firms recently raised targets and ratings range from Strong Buy to Sell.
• UPS slightly beat estimates for the quarter (EPS $1.07 vs $1.02 expected; revenue $21.2B vs $20.99B) but revenue was down 1.4% year-over-year, with a market cap around $82.8B and a P/E of 15.8.

United Parcel Service, Inc. (NYSE:UPS - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $107.57, but opened at $102.32. United Parcel Service shares last traded at $98.6510, with a volume of 2,557,072 shares traded.

Analyst Ratings Changes

Several equities research analysts recently commented on UPS shares. Truist Financial lifted their price target on shares of United Parcel Service from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, January 28th. Stephens raised their price objective on shares of United Parcel Service from $113.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 28th. Oppenheimer raised their price objective on shares of United Parcel Service from $107.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 28th. JPMorgan Chase & Co. raised their price objective on shares of United Parcel Service from $99.00 to $107.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 28th. Finally, Wolfe Research reissued a "peer perform" rating on shares of United Parcel Service in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $112.08.

United Parcel Service Trading Down 9.4%

The firm has a market cap of $82.76 billion, a PE ratio of 15.80, a P/E/G ratio of 1.71 and a beta of 1.06. The company's fifty day moving average price is $103.46 and its two-hundred day moving average price is $101.92. The company has a quick ratio of 1.22, a current ratio of 1.21 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.05. The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The business's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.49 earnings per share. As a group, sell-side analysts forecast that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

Institutional Trading of United Parcel Service

Institutional investors have recently added to or reduced their stakes in the stock. University of Texas Texas AM Investment Management Co. purchased a new stake in United Parcel Service during the fourth quarter worth about $25,000. IFC & Insurance Marketing Inc. purchased a new stake in United Parcel Service during the fourth quarter worth about $25,000. Coston McIsaac & Partners boosted its holdings in United Parcel Service by 77.8% during the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company's stock worth $27,000 after buying an additional 119 shares in the last quarter. Torren Management LLC purchased a new stake in United Parcel Service during the fourth quarter worth about $29,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in United Parcel Service during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Company Profile

United Parcel Service NYSE: UPS is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

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