Susquehanna Cuts United Parcel Service (NYSE:UPS) Price Target to $130.00

United Parcel Service (NYSE:UPS) had its price objective reduced by equities researchers at Susquehanna from $140.00 to $130.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price would indicate a potential upside of 12.99% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Oppenheimer upped their price target on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. The Goldman Sachs Group cut their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Bank of America lowered their price target on shares of United Parcel Service from $150.00 to $133.00 and set a “buy” rating on the stock in a report on Friday. Finally, Robert W. Baird downgraded shares of United Parcel Service from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $160.00 to $130.00 in a research report on Friday. Two 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.67.

United Parcel Service Price Performance

UPS opened at $115.06 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $98.19 billion, a PE ratio of 17.40, a P/E/G ratio of 1.88 and a beta of 1.00. United Parcel Service has a 1 year low of $109.62 and a 1 year high of $158.95. The stock has a 50-day moving average price of $128.72 and a 200-day moving average price of $130.61.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. During the same quarter in the previous year, the firm earned $2.47 EPS. Sell-side analysts predict that United Parcel Service will post 7.5 earnings per share for the current fiscal year.

Insider Transactions at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

Institutional Trading of United Parcel Service

Several institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in shares of United Parcel Service by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock worth $113,064,000 after acquiring an additional 33,989 shares during the last quarter. Synovus Financial Corp lifted its position in shares of United Parcel Service by 8.6% during the third quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock worth $11,934,000 after purchasing an additional 6,941 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of United Parcel Service by 1,061.1% during the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after purchasing an additional 1,620,091 shares during the last quarter. HF Advisory Group LLC bought a new position in shares of United Parcel Service in the fourth quarter worth about $1,305,000. Finally, Cohen Investment Advisors LLC increased its stake in United Parcel Service by 26.4% in the 3rd quarter. Cohen Investment Advisors LLC now owns 18,357 shares of the transportation company’s stock worth $2,503,000 after buying an additional 3,835 shares during the period. Institutional investors 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.