After Credit Suisse and Evercore ISI gave United Parcel (NYSE: UPS) a Buy rating last month, the company received another Buy, this time from UBS. Analyst Thomas Wadewitz maintained a Buy rating on United Parcel today and set a price target of $221.00. The company’s shares closed last Wednesday at $182.22.
According to TipRanks.com, Wadewitz is a 4-star analyst with an average return of 6.5% and a 53.9% success rate. Wadewitz covers the Industrial Goods sector, focusing on stocks such as Expeditors International, Old Dominion Freight, and Werner Enterprises.
United Parcel has an analyst consensus of Moderate Buy, with a price target consensus of $209.08, implying a 14.3% upside from current levels. In a report issued on July 12, Evercore ISI also initiated coverage with a Buy rating on the stock with a $227.00 price target.
United Parcel’s market cap is currently $158.6B and has a P/E ratio of 14.58.
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: