Wells Fargo & Company Issues Pessimistic Forecast for United Parcel Service (NYSE:UPS) Stock Price

United Parcel Service (NYSE:UPS) had its price objective dropped by stock analysts at Wells Fargo & Company from $155.00 to $150.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 18.48% from the company’s previous close.

UPS has been the subject of a number of other research reports. Barclays reissued an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a research report on Monday, October 21st. JPMorgan Chase & Co. dropped their target price on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. The Goldman Sachs Group lowered their price target on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and cut their target price for the company from $155.00 to $150.00 in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $151.50.

United Parcel Service Stock Up 1.9 %

Shares of NYSE UPS traded up $2.39 during midday trading on Tuesday, hitting $126.60. The stock had a trading volume of 939,447 shares, compared to its average volume of 3,073,837. The company has a market cap of $108.04 billion, a P/E ratio of 19.12, a PEG ratio of 2.11 and a beta of 1.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The business’s 50 day moving average is $130.23 and its 200-day moving average is $131.48. United Parcel Service has a 52 week low of $122.01 and a 52 week high of $161.48.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same period last year, the business posted $1.57 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. As a group, analysts predict that United Parcel Service will post 7.48 EPS for the current year.

Insider Buying and Selling at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by insiders.

Institutional Trading of United Parcel Service

Several institutional investors and hedge funds have recently bought and sold shares of the business. True Wealth Design LLC grew its stake in shares of United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares during the period. PSI Advisors LLC boosted its stake in shares of United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after acquiring an additional 200 shares during the last quarter. Princeton Global Asset Management LLC raised its position in shares of United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after buying an additional 216 shares during the last quarter. FSA Wealth Management LLC acquired a new position in United Parcel Service during the third quarter worth about $36,000. Finally, Meeder Asset Management Inc. raised its holdings in United Parcel Service by 271.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 394 shares of the transportation company’s stock valued at $54,000 after acquiring an additional 288 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

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.