In a report released today, Brandon Oglenski from Barclays maintained a Hold rating on United Parcel (UPS – Research Report), with a price target of $180.00. The company’s shares closed yesterday at $173.83.
Oglenski covers the Industrial Goods sector, focusing on stocks such as Allegiant Travel Company, Canadian Pacific, and CSX. According to TipRanks, Oglenski has an average return of 2.9% and a 50.27% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for United Parcel with a $206.36 average price target, implying a 18.71% upside from current levels. In a report released on September 7, J.P. Morgan also maintained a Hold rating on the stock with a $199.00 price target.
The company has a one-year high of $228.35 and a one-year low of $164.11. Currently, United Parcel has an average volume of 2.76M.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UPS in relation to earlier this year.
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Founded in 1907, Georgia-based United Parcel Service, Inc. is the world’s largest package delivery company and a leading provider of global supply chain management solutions. The company also operates one of the largest airlines in the world and has the world’s largest fleet of alternative-powered vehicles. The company operates through three segments: U.S. Domestic Package, International Package, and Supply Chain and Freight.
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