United Parcel Service (NYSE:UPS) Given New $158.00 Price Target at Citigroup

United Parcel Service (NYSE:UPS) had its price objective dropped by stock analysts at Citigroup from $163.00 to $158.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Citigroup’s price objective would suggest a potential upside of 21.32% from the stock’s previous close.

UPS has been the topic of several other research reports. UBS Group lifted their price target on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Stephens cut their price target on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. TD Cowen initiated coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 target price for the company. Bank of America boosted their price target on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $151.52.

United Parcel Service Stock Down 1.0 %

Shares of NYSE UPS traded down $1.38 during mid-day trading on Tuesday, reaching $130.23. 1,522,300 shares of the company traded hands, compared to its average volume of 4,165,441. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14. The stock has a market cap of $111.55 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 2.17 and a beta of 0.99. United Parcel Service has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The company’s fifty day moving average is $132.12 and its two-hundred day moving average is $135.01.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same period last year, the firm earned $1.57 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts expect that United Parcel Service will post 7.48 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UPS. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at approximately $28,000. Riverview Trust Co purchased a new stake in shares of United Parcel Service during the second quarter valued at $32,000. Centerpoint Advisors LLC raised its stake in United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares during the period. Tortoise Investment Management LLC boosted its holdings in shares of United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after purchasing an additional 155 shares during the period. Finally, PSI Advisors LLC lifted its holdings 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 worth $34,000 after buying an additional 200 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

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.