United Parcel Service (NYSE:UPS) Price Target Cut to $170.00 by Analysts at Stifel Nicolaus

United Parcel Service (NYSE:UPS) had its target price cut by analysts at Stifel Nicolaus from $178.00 to $170.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 14.55% from the company’s current price.

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. cut their price target on shares of United Parcel Service from $165.00 to $156.00 and set a “neutral” rating for the company in a report on Thursday, December 21st. TD Cowen dropped their target price on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a report on Thursday. Barclays dropped their target price on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 31st. BMO Capital Markets boosted their price target on shares of United Parcel Service from $160.00 to $165.00 and gave the company a “market perform” rating in a research report on Wednesday. Finally, TheStreet raised shares of United Parcel Service from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $164.57.

United Parcel Service Stock Up 0.7 %

Shares of NYSE:UPS traded up $1.08 during trading on Thursday, reaching $148.41. The stock had a trading volume of 2,223,445 shares, compared to its average volume of 4,377,859. United Parcel Service has a one year low of $133.68 and a one year high of $197.80. The company has a market capitalization of $126.54 billion, a P/E ratio of 19.01, a PEG ratio of 1.64 and a beta of 1.05. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.09. The firm’s 50-day simple moving average is $150.79 and its 200 day simple moving average is $152.28.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, January 30th. The transportation company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.01. The company had revenue of $24.92 billion during the quarter, compared to analysts’ expectations of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. United Parcel Service’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same period last year, the business earned $3.62 EPS. As a group, research analysts expect that United Parcel Service will post 8.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Eva C. Boratto bought 1,400 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was acquired at an average price of $142.30 per share, with a total value of $199,220.00. Following the completion of the purchase, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $199,220. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On United Parcel Service

Hedge funds have recently bought and sold shares of the business. RB Capital Management LLC increased its holdings in shares of United Parcel Service by 3.1% during the 1st quarter. RB Capital Management LLC now owns 2,689 shares of the transportation company’s stock valued at $577,000 after acquiring an additional 81 shares during the last quarter. Ergoteles LLC acquired a new stake in United Parcel Service in the 1st quarter valued at approximately $1,162,000. Halbert Hargrove Global Advisors LLC grew its holdings in shares of United Parcel Service by 10.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 1,233 shares of the transportation company’s stock worth $264,000 after purchasing an additional 112 shares in the last quarter. First Western Trust Bank acquired a new stake in shares of United Parcel Service during the 1st quarter worth approximately $515,000. Finally, Stevens Capital Management LP bought a new position in shares of United Parcel Service during the 1st quarter worth approximately $701,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

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.