Susquehanna Cuts United Parcel Service (NYSE:UPS) Price Target to $135.00

United Parcel Service (NYSE:UPS) had its target price lowered by equities researchers at Susquehanna from $160.00 to $135.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target indicates a potential upside of 6.23% from the stock’s current price.

A number of other brokerages have also commented on UPS. Deutsche Bank Aktiengesellschaft dropped their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. Bank of America dropped their price target on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research note on Monday. JPMorgan Chase & Co. lowered their price objective on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a research report on Wednesday, April 3rd. Finally, BMO Capital Markets lowered their price objective on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and an average target price of $154.95.

United Parcel Service Stock Performance

NYSE:UPS opened at $127.08 on Wednesday. The business has a 50 day moving average price of $138.05 and a 200-day moving average price of $145.91. United Parcel Service has a fifty-two week low of $124.80 and a fifty-two week high of $189.65. The firm has a market cap of $108.72 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.04 and a current ratio of 1.25.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The business had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same period in the previous year, the business earned $2.54 EPS. The business’s revenue was down 1.1% compared to the same quarter last year. Equities research analysts predict that United Parcel Service will post 8.02 earnings per share for the current year.

Insider Buying and Selling

In other news, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was acquired at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the purchase, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of United Parcel Service by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 67,218,714 shares of the transportation company’s stock valued at $10,568,798,000 after buying an additional 178,394 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of United Parcel Service by 87.6% during the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock valued at $2,854,180,000 after buying an additional 8,475,698 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of United Parcel Service by 15,631.2% during the 4th quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after buying an additional 14,410,073 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of United Parcel Service by 11.4% during the 4th quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock valued at $1,510,517,000 after buying an additional 980,317 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of United Parcel Service during the 4th quarter valued at about $1,128,322,000. 60.26% of the stock is owned by hedge funds and other 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.