United Parcel (UPS) Gets a Sell Rating from Morgan Stanley
In a report released today, Ravi Shanker from Morgan Stanley maintained a Sell rating on United Parcel (UPS), with a price target of $87. The company’s shares closed yesterday at $115.27.
According to TipRanks.com, Shanker is a 3-star analyst with an average return of 2.6% and a 58.7% success rate. Shanker covers the Services sector, focusing on stocks such as Schneider National Inc, Echo Global Logistics, and Knight Transportation.
Currently, the analyst consensus on United Parcel is a Moderate Buy with an average price target of $127.
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Based on United Parcel’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $17.44 billion and net profit of $1.51 billion. In comparison, last year the company earned revenue of $15.98 billion and had a net profit of $1.26 billion.
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United Parcel Service, Inc. is a logistics and package delivery company, which provides supply chain management services. Its logistics services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage, insurance, and financing.