In a report released today, Ravi Shanker from Morgan Stanley maintained a Sell rating on United Parcel (NYSE: UPS), with a price target of $93. The company’s shares opened today at $118.26.
According to TipRanks.com, Shanker is a 3-star analyst with an average return of 3.2% and a 57.3% success rate. Shanker covers the Services sector, focusing on stocks such as Kansas City Southern, Old Dominion Freight, and ArcBest Corporation.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for United Parcel with a $128.47 average price target.
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Based on United Parcel’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $17.48 billion and net profit of $1.49 billion. In comparison, last year the company earned revenue of $15.98 billion and had a net profit of $1.26 billion.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock.
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