United Parcel Service (UPS) : 16 analysts are covering United Parcel Service (UPS) and their average rating on the stock is 2.33, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 9 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
United Parcel Service (UPS) : 11 investment research analysts covering United Parcel Service (UPS) have an average price target of $109.91 for the near short term. The highest target price given by the Brokerage Firm to the stock is $120 and the lowest target is $91 for the short term. Analysts expect the variance to be within $8.04 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. United Parcel Service (NYSE:UPS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $109.94 and $109.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $111.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $110.90, notching a gain of 0.93% for the day. The total traded volume was 2,786,752 . The stock had closed at $109.88 on the previous day.
In a related news, Barnes David A, officer (Senior Vice President) of United Parcel Service Inc, unloaded 11,712 shares at an average price of $102.47 on May 25, 2016. The total amount of the transaction was worth $1,200,129, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.