Citigroup Lowers United Parcel Service (NYSE:UPS) Price Target to $123.00

United Parcel Service (NYSE:UPS) had its price target dropped by research analysts at Citigroup from $149.00 to $123.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Citigroup’s price objective suggests a potential upside of 23.43% from the stock’s previous close.

Several other research analysts have also recently weighed in on the company. Morgan Stanley lowered their target price on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $155.00 to $150.00 in a research report on Tuesday, December 10th. 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. The Goldman Sachs Group reduced their price target on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their price target on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $131.32.

United Parcel Service Trading Up 8.4 %

Shares of United Parcel Service stock opened at $99.65 on Tuesday. The stock has a market cap of $85.12 billion, a P/E ratio of 14.74, a P/E/G ratio of 1.55 and a beta of 1.10. The stock’s 50 day simple moving average is $112.70 and its 200-day simple moving average is $124.44. United Parcel Service has a 1-year low of $90.55 and a 1-year high of $153.42. 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) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share 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 company posted $2.47 EPS. Analysts predict that United Parcel Service will post 7.95 EPS for the current fiscal year.

Institutional Trading of United Parcel Service

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of United Parcel Service by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company’s stock worth $8,213,699,000 after acquiring an additional 370,705 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of United Parcel Service by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after acquiring an additional 1,337,058 shares during the period. Geode Capital Management LLC increased its position in shares of United Parcel Service by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company’s stock worth $1,979,695,000 after acquiring an additional 414,710 shares during the period. Franklin Resources Inc. grew its stake in shares of United Parcel Service by 15.6% during the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock worth $1,384,567,000 after purchasing an additional 1,484,452 shares in the last quarter. Finally, FMR LLC grew its stake in shares of United Parcel Service by 2.5% during the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company’s stock worth $1,373,964,000 after purchasing an additional 268,278 shares in the last quarter. Hedge funds and other 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.