United Parcel Service (UPS) Shares Gap Down on Analyst Downgrade

United Parcel Service, Inc. (NYSE:UPS)’s share price gapped down prior to trading on Thursday after Credit Suisse Group lowered their price target on the stock from $119.00 to $118.00. The stock had previously closed at $104.79, but opened at $107.93. Credit Suisse Group currently has a neutral rating on the stock. United Parcel Service shares last traded at $107.80, with a volume of 1995976 shares.

UPS has been the topic of a number of other reports. Morgan Stanley boosted their price objective on United Parcel Service from $92.00 to $93.00 and gave the company a “sell” rating in a research note on Tuesday, October 9th. Goldman Sachs Group set a $139.00 price objective on United Parcel Service and gave the company a “buy” rating in a research note on Wednesday, July 25th. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a research note on Tuesday, July 24th. Stephens set a $128.00 price objective on United Parcel Service and gave the company a “hold” rating in a research note on Wednesday, July 25th. Finally, Loop Capital boosted their price objective on United Parcel Service to $145.00 and gave the company a “positive” rating in a research note on Friday, September 14th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. United Parcel Service presently has an average rating of “Hold” and a consensus target price of $125.52.

In other news, insider George Willis sold 4,312 shares of the company’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $121.34, for a total transaction of $523,218.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Kathleen M. Gutmann sold 1,700 shares of the company’s stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $119.92, for a total value of $203,864.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,512 shares of company stock worth $1,031,932. Company insiders own 0.56% of the company’s stock.



Institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Investment Consultants LLC bought a new position in shares of United Parcel Service in the second quarter worth approximately $260,000. First Bank & Trust increased its position in shares of United Parcel Service by 26.3% in the third quarter. First Bank & Trust now owns 6,695 shares of the transportation company’s stock worth $823,000 after purchasing an additional 1,395 shares during the last quarter. City Holding Co. bought a new position in shares of United Parcel Service in the second quarter worth approximately $2,672,000. Gradient Investments LLC bought a new position in shares of United Parcel Service in the second quarter worth approximately $8,489,000. Finally, Centaurus Financial Inc. increased its position in shares of United Parcel Service by 47.9% in the second quarter. Centaurus Financial Inc. now owns 4,862 shares of the transportation company’s stock worth $516,000 after purchasing an additional 1,574 shares during the last quarter. Hedge funds and other institutional investors own 53.92% of the company’s stock.

The company has a current ratio of 1.14, a quick ratio of 1.21 and a debt-to-equity ratio of 6.43. The stock has a market capitalization of $92.76 billion, a price-to-earnings ratio of 15.45, a P/E/G ratio of 1.61 and a beta of 1.16.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Wednesday, October 24th. The transportation company reported $1.82 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.82. The company had revenue of $17.44 billion for the quarter, compared to analysts’ expectations of $17.48 billion. United Parcel Service had a net margin of 7.68% and a return on equity of 307.54%. United Parcel Service’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.45 earnings per share. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.24 EPS for the current fiscal year.

United Parcel Service Company Profile (NYSE:UPS)

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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