United Parcel Service (NYSE:UPS) PT Lowered to $179.00 at Deutsche Bank Aktiengesellschaft

United Parcel Service (NYSE:UPS) had its target price reduced by investment analysts at Deutsche Bank Aktiengesellschaft from $183.00 to $179.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 20.35% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus lowered their price target on United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday. Raymond James decreased their price objective on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 31st. Oppenheimer reiterated an “outperform” rating and issued a $153.00 price objective on shares of United Parcel Service in a report on Wednesday. Barclays cut their target price on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 31st. Finally, Robert W. Baird raised United Parcel Service from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $165.00 to $170.00 in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and a consensus price target of $165.23.

United Parcel Service Price Performance

NYSE:UPS traded up $1.40 during trading hours on Thursday, hitting $148.73. 3,040,406 shares of the company’s stock traded hands, compared to its average volume of 4,391,989. The firm has a market cap of $126.81 billion, a P/E ratio of 19.07, a P/E/G ratio of 1.64 and a beta of 1.05. United Parcel Service has a 52 week low of $133.68 and a 52 week high of $197.80. The business’s fifty day simple moving average is $150.79 and its two-hundred day simple moving average is $152.28. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.09.

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

Insider Buying and Selling at United Parcel Service

In related news, Director Eva C. Boratto acquired 1,400 shares of United Parcel Service stock in a transaction dated Friday, February 2nd. The stock was purchased at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the purchase, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $199,220. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of United Parcel Service by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 67,218,714 shares of the transportation company’s stock valued at $10,568,798,000 after purchasing an additional 178,394 shares during the last quarter. State Street Corp raised its position in United Parcel Service by 1.3% in the 2nd quarter. State Street Corp now owns 28,354,781 shares of the transportation company’s stock worth $5,082,594,000 after purchasing an additional 357,974 shares during the period. Wellington Management Group LLP raised its position in United Parcel Service by 87.6% in the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after purchasing an additional 8,475,698 shares during the period. Charles Schwab Investment Management Inc. raised its position in United Parcel Service by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock worth $2,456,055,000 after purchasing an additional 628,944 shares during the period. Finally, International Assets Investment Management LLC raised its position in United Parcel Service by 15,631.2% in the 4th quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after purchasing an additional 14,410,073 shares during the period. Institutional investors 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.