Bank of America Has Lowered Expectations for United Parcel Service (NYSE:UPS) Stock Price

United Parcel Service (NYSE:UPS - Get Free Report) had its price objective dropped by investment analysts at Bank of America from $150.00 to $133.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the transportation company's stock. Bank of America's target price would indicate a potential upside of 16.47% from the stock's current price.

Several other equities analysts have also commented on the stock. Barclays reissued an "underweight" rating and issued a $120.00 target price on shares of United Parcel Service in a report on Monday, October 21st. UBS Group lifted their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Susquehanna upped their target price on United Parcel Service from $135.00 to $140.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Citigroup decreased their price target on United Parcel Service from $163.00 to $158.00 and set a "buy" rating on the stock in a research note on Tuesday, November 12th. Finally, Stifel Nicolaus dropped their price objective on United Parcel Service from $156.00 to $153.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $141.95.

United Parcel Service Price Performance

Shares of UPS stock traded down $0.71 during trading on Friday, hitting $114.19. The company had a trading volume of 15,842,034 shares, compared to its average volume of 6,791,747. The firm has a market capitalization of $97.45 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 1.88 and a beta of 1.00. United Parcel Service has a one year low of $109.62 and a one year high of $158.95. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The stock's 50-day moving average price is $128.72 and its 200 day moving average price is $130.61.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share 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 period in the previous year, the firm posted $2.47 earnings per share. Equities analysts expect that United Parcel Service will post 7.5 EPS for the current fiscal year.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company's stock.

Hedge Funds Weigh In On United Parcel Service

A number of hedge funds have recently bought and sold shares of the company. Quarry LP raised its position in shares of United Parcel Service by 453.6% in the 2nd quarter. Quarry LP now owns 537 shares of the transportation company's stock worth $73,000 after acquiring an additional 440 shares in the last quarter. Newbridge Financial Services Group Inc. grew its stake in United Parcel Service by 67.4% during the second quarter. Newbridge Financial Services Group Inc. now owns 745 shares of the transportation company's stock worth $102,000 after purchasing an additional 300 shares during the period. AMF Tjanstepension AB increased its holdings in United Parcel Service by 39.7% in the third quarter. AMF Tjanstepension AB now owns 108,360 shares of the transportation company's stock worth $14,793,000 after purchasing an additional 30,815 shares in the last quarter. Czech National Bank lifted its stake in United Parcel Service by 7.4% in the third quarter. Czech National Bank now owns 149,220 shares of the transportation company's stock valued at $20,345,000 after buying an additional 10,227 shares during the period. Finally, Farmers Trust Co. boosted its holdings in shares of United Parcel Service by 14.1% during the 3rd quarter. Farmers Trust Co. now owns 3,036 shares of the transportation company's stock worth $414,000 after buying an additional 375 shares in the last quarter. 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.