United Parcel Service (NYSE:UPS) Downgraded to Neutral Rating by Robert W. Baird

United Parcel Service (NYSE:UPS) was downgraded by investment analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a report issued on Friday,Briefing.com Automated Import reports. They currently have a $130.00 target price on the transportation company’s stock, down from their previous target price of $160.00. Robert W. Baird’s price target would suggest a potential upside of 13.10% from the company’s previous close.

A number of other research analysts have also commented on the company. The Goldman Sachs Group cut their price target on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Oppenheimer upped their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Wells Fargo & Company reduced their target price on shares of United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Finally, Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target on the stock in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, United Parcel Service has a consensus rating of “Moderate Buy” and a consensus price target of $149.81.

United Parcel Service Trading Down 14.1 %

Shares of UPS stock opened at $114.94 on Friday. United Parcel Service has a 12 month low of $109.62 and a 12 month high of $158.95. The company has a market cap of $98.09 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 1.88 and a beta of 1.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The business’s 50 day moving average is $129.05 and its two-hundred day moving average is $130.72.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $2.47 EPS. Equities analysts predict that United Parcel Service will post 7.5 EPS for the current year.

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares in the company, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On United Parcel Service

Hedge funds have recently added to or reduced their stakes in the stock. IFS Advisors LLC increased its stake in United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 151 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after buying an additional 171 shares during the period. PSI Advisors LLC increased its position in shares of United Parcel Service by 408.2% in the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after buying an additional 200 shares in the last quarter. Princeton Global Asset Management LLC lifted its holdings in United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after acquiring an additional 216 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new position in United Parcel Service in the third quarter valued at about $36,000. 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.