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

United Parcel Service (NYSE:UPS) had its price objective decreased by equities research analysts at Barclays from $100.00 to $90.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “underweight” rating on the transportation company’s stock. Barclays‘s target price would indicate a potential downside of 17.65% from the stock’s current price.

A number of other equities research analysts have also weighed in on UPS. Morgan Stanley dropped their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Loop Capital reduced their price objective on United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a research note on Monday, February 3rd. Bank of America dropped their target price on United Parcel Service from $133.00 to $129.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. The Goldman Sachs Group reduced their price target on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their target price on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, United Parcel Service currently has a consensus rating of “Moderate Buy” and an average price target of $135.83.

United Parcel Service Trading Down 0.6 %

Shares of NYSE:UPS opened at $109.29 on Monday. The business’s 50-day moving average is $117.65 and its 200 day moving average is $126.15. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service has a 1 year low of $108.18 and a 1 year high of $154.29. The firm has a market capitalization of $93.35 billion, a P/E ratio of 16.17, a P/E/G ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the prior year, the company earned $2.47 EPS. On average, research analysts predict that United Parcel Service will post 7.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Public Sector Pension Investment Board increased its holdings in shares of United Parcel Service by 14.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 32,289 shares of the transportation company’s stock worth $4,402,000 after buying an additional 4,100 shares during the last quarter. Arete Wealth Advisors LLC increased its stake in United Parcel Service by 69.0% during the third quarter. Arete Wealth Advisors LLC now owns 19,068 shares of the transportation company’s stock worth $2,591,000 after acquiring an additional 7,786 shares during the last quarter. True Wealth Design LLC raised its position in United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares during the period. Erste Asset Management GmbH acquired a new position in shares of United Parcel Service in the 3rd quarter valued at $2,054,000. Finally, FSA Wealth Management LLC purchased a new position in shares of United Parcel Service during the 3rd quarter worth $36,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

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.