United Parcel (UPS) Gets a Hold Rating from Berenberg Bank
Berenberg Bank analyst Joel Spungin maintained a Hold rating on United Parcel (UPS) yesterday and set a price target of $125. The company’s shares closed yesterday at $110.88.
According to TipRanks.com, Spungin is ranked #3910 out of 5259 analysts.
United Parcel has an analyst consensus of Moderate Buy, with a price target consensus of $118.78, which is a 7.1% upside from current levels. In a report issued on March 6, Credit Suisse also maintained a Hold rating on the stock with a $114 price target.
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Based on United Parcel’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $19.84 billion and net profit of $453 million. In comparison, last year the company earned revenue of $18.83 billion and had a net profit of $1.1 billion.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is neutral on the stock.
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United Parcel Service, Inc. operates as a logistics and package delivery company providing supply chain management services. Its logistics services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage, insurance, and financing.