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J.P. Morgan Maintains Their Hold Rating on United Parcel (UPS)

In a report issued on July 12, Brian Ossenbeck from J.P. Morgan maintained a Hold rating on United Parcel (UPSResearch Report), with a price target of $200.00. The company’s shares closed last Wednesday at $177.92.

According to TipRanks.com, Ossenbeck is a 4-star analyst with an average return of 9.2% and a 44.0% success rate. Ossenbeck covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Schneider National, and Werner Enterprises.

Currently, the analyst consensus on United Parcel is a Moderate Buy with an average price target of $216.29.

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United Parcel’s market cap is currently $155.5B and has a P/E ratio of 14.53.

Based on the recent corporate insider activity of 44 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on UPS:

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