United Parcel Service (UPS) Receives Price Target

United Parcel Service (UPS) : The most positive equity analysts on United Parcel Service (UPS) expects the shares to touch $120, whereas, the least positive believes that the stock will trade at $91 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $109.91 with an expected fluctuation of $8.04 from the mean.

United Parcel Service (UPS) : 6 brokerage houses believe that United Parcel Service (UPS) is a Strong Buy at current levels. 9 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on United Parcel Service (UPS). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 16 Wall Street Analysts endorse the stock as a Buy with a rating of 2.33.


Also, Equity Analysts at the Brokerage Firm, Argus Research, maintains their rating on the shares of United Parcel Service (NYSE:UPS). Argus Research has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $125 per share from a prior target of $115. The rating by the firm was issued on August 2, 2016.

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 $109.51 and $109.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $110.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $109.50, notching a gain of 0.26% for the day. The total traded volume was 2,739,229 . The stock had closed at $109.22 on the previous day.

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.

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