United Parcel Service (UPS) stock is expected to deviate a maximum of $7.07 from the average target price of $108.27 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $115 and the most muted being $92.
United Parcel Service (UPS), A rise of 763,722 shares or 6% was seen in the short interest of United Parcel Service. Even as the interest increased from 12,673,445 shares on June 15,2016 to 13,437,167 shares on June 30,2016, the days to cover came in at 4. The updated interest stood at 1.9% of the stocks floats. The stock has seen an average daily volume of 3,223,156 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Citigroup maintains its rating on United Parcel Service (NYSE:UPS). The global brokerage major raises the current price target from $102 per share to $109 per share. Analysts at the Citigroup have a current rating of Neutral on the shares. The rating by the firm was issued on April 29, 2016.
United Parcel Service (NYSE:UPS): stock turned positive on Thursday. Though the stock opened at $111.37, the bulls momentum made the stock top out at $111.83 level for the day. The stock recorded a low of $110.99 and closed the trading day at $111.5, in the green by 0.64%. The total traded volume for the day was 2,514,489. The stock had closed at $110.79 in the previous days trading.
United Parcel Service, Inc. is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages in over 220 countries and territories. It also provides control and visibility of customers inventories and supply chains via its UPS technology platform. The Company offers transportation, distribution, forwarding, ground freight, ocean freight, air freight, brokerage and financing services. It operates in three segments: U.S. Domestic Package, International Package and Supply Chain & Freight. Its WorldShip is a desktop shipping application that provides middle market and large customers with shipping capabilities. Customers can create custom labels, set up shipment alerts, create and upload customs documentation, track and export shipments, create reports and integrate with their enterprise resource planning and accounting systems. UPS marketplace shipping allows marketplace sellers to ship their orders via www.ups.com or WorldShip.