United Parcel Service (NYSE:UPS) Price Target Cut to $90.00 by Analysts at Barclays

United Parcel Service (NYSE:UPS - Get Free Report) had its price target decreased by stock analysts at Barclays from $100.00 to $90.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an "underweight" rating on the transportation company's stock. Barclays's price target indicates a potential downside of 11.60% from the company's previous close.

A number of other equities research analysts also recently weighed in on UPS. Truist Financial began coverage on shares of United Parcel Service in a report on Thursday, March 13th. They issued a "buy" rating and a $140.00 price target for the company. BMO Capital Markets upgraded shares of United Parcel Service from a "market perform" rating to an "outperform" rating and reduced their target price for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Wolfe Research upgraded United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 price objective for the company in a research report on Wednesday, January 8th. UBS Group lowered their price objective on shares of United Parcel Service from $170.00 to $141.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Finally, Baird R W lowered shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $135.22.

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United Parcel Service Stock Performance

Shares of UPS stock traded down $8.39 during trading hours on Monday, reaching $101.81. The stock had a trading volume of 5,680,484 shares, compared to its average volume of 4,674,275. The firm has a market capitalization of $86.96 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The firm has a 50-day simple moving average of $117.20 and a 200-day simple moving average of $126.04. United Parcel Service has a twelve month low of $101.50 and a twelve month high of $154.29. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the previous year, the business earned $2.47 EPS. As a group, equities analysts forecast that United Parcel Service will post 7.95 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UPS. IMG Wealth Management Inc. bought a new position in United Parcel Service in the 4th quarter valued at $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service during the fourth quarter worth about $26,000. IFS Advisors LLC boosted its holdings in shares of 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 buying an additional 151 shares during the period. Pinney & Scofield Inc. bought a new stake in United Parcel Service in the 4th quarter valued at $27,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth about $28,000. 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.