United Parcel Service (UPS) Downgraded by Citigroup

Citigroup downgraded shares of United Parcel Service (NYSE:UPS) from a buy rating to a neutral rating in a report released on Friday morning, Marketbeat Ratings reports.

UPS has been the topic of several other reports. Goldman Sachs Group set a $150.00 target price on shares of United Parcel Service and gave the stock a buy rating in a research report on Monday, September 10th. Bank of America downgraded shares of United Parcel Service from a buy rating to a neutral rating in a research report on Thursday, October 25th. BMO Capital Markets raised shares of United Parcel Service from a market perform rating to an outperform rating and set a $128.00 target price on the stock in a research report on Monday, October 1st. Morgan Stanley lifted their target price on shares of United Parcel Service from $90.00 to $92.00 and gave the stock an underweight rating in a research report on Thursday, July 26th. Finally, Berenberg Bank started coverage on shares of United Parcel Service in a research report on Friday, September 21st. They issued a hold rating and a $125.00 target price on the stock. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $125.52.

Shares of UPS opened at $106.82 on Friday. The company has a market capitalization of $91.19 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.58 and a beta of 1.14. The company has a debt-to-equity ratio of 6.43, a quick ratio of 1.14 and a current ratio of 1.14. United Parcel Service has a 12-month low of $101.45 and a 12-month high of $135.53.

United Parcel Service (NYSE:UPS) last released its earnings results on Wednesday, October 24th. The transportation company reported $1.82 earnings per share for the quarter, hitting the consensus estimate of $1.82. The business had revenue of $17.44 billion for the quarter, compared to the consensus estimate of $17.48 billion. United Parcel Service had a net margin of 7.68% and a return on equity of 307.54%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $1.45 earnings per share. As a group, research analysts forecast that United Parcel Service will post 7.23 EPS for the current fiscal year.

In related news, COO James J. Barber sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $121.94, for a total transaction of $304,850.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider George Willis sold 4,312 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $121.34, for a total transaction of $523,218.08. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Ronna Sue Cohen boosted its holdings in shares of United Parcel Service by 34.9% during the third quarter. Ronna Sue Cohen now owns 27,783 shares of the transportation company’s stock worth $3,244,000 after purchasing an additional 7,193 shares during the period. Integrated Investment Consultants LLC acquired a new stake in shares of United Parcel Service during the second quarter worth approximately $260,000. NN Investment Partners Holdings N.V. lifted its stake in United Parcel Service by 3.3% in the third quarter. NN Investment Partners Holdings N.V. now owns 119,531 shares of the transportation company’s stock valued at $13,954,000 after acquiring an additional 3,802 shares during the last quarter. First Bank & Trust lifted its stake in United Parcel Service by 26.3% in the third quarter. First Bank & Trust now owns 6,695 shares of the transportation company’s stock valued at $823,000 after acquiring an additional 1,395 shares during the last quarter. Finally, Intact Investment Management Inc. lifted its stake in United Parcel Service by 1.6% in the third quarter. Intact Investment Management Inc. now owns 38,200 shares of the transportation company’s stock valued at $4,460,000 after acquiring an additional 600 shares during the last quarter. Institutional investors and hedge funds own 53.65% of the company’s stock.

About United Parcel Service

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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