The Goldman Sachs Group Has Lowered Expectations for United Parcel Service (NYSE:UPS) Stock Price

United Parcel Service (NYSE:UPS) had its target price decreased by stock analysts at The Goldman Sachs Group from $166.00 to $147.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 27.88% from the stock’s previous close.

Other analysts also recently issued reports about the company. Morgan Stanley decreased their target price on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research report on Friday. Oppenheimer raised their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Raymond James dropped their price objective on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a research note on Friday. Stifel Nicolaus decreased their target price on United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, Robert W. Baird cut United Parcel Service from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $160.00 to $130.00 in a report on Friday. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.48.

United Parcel Service Trading Up 0.0 %

UPS stock traded up $0.05 during mid-day trading on Friday, reaching $114.95. 9,355,902 shares of the stock traded hands, compared to its average volume of 6,430,116. United Parcel Service has a one year low of $109.62 and a one year high of $158.95. The stock has a market capitalization of $98.09 billion, a PE ratio of 17.37, a PEG ratio of 1.88 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The business has a 50-day moving average price of $128.72 and a two-hundred day moving average price of $130.61.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. During the same period in the prior year, the company earned $2.47 earnings per share. Equities research analysts expect that United Parcel Service will post 7.5 EPS for the current year.

Insiders Place Their Bets

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Cigna Investments Inc. New grew its holdings in shares of United Parcel Service by 1.0% during the third quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock valued at $1,024,000 after buying an additional 75 shares during the last quarter. Pacific Sage Partners LLC grew its stake in United Parcel Service by 4.8% during the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock valued at $212,000 after purchasing an additional 77 shares during the last quarter. Banco Santander S.A. grew its stake in United Parcel Service by 0.6% during the 3rd quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock valued at $1,717,000 after purchasing an additional 79 shares during the last quarter. Gleason Group Inc. raised its stake in shares of United Parcel Service by 1.2% in the third quarter. Gleason Group Inc. now owns 6,576 shares of the transportation company’s stock worth $897,000 after purchasing an additional 80 shares during the last quarter. Finally, Quent Capital LLC lifted its holdings in shares of United Parcel Service by 16.7% during the fourth quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock worth $70,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

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.