After Bernstein and Citigroup gave United Parcel (NYSE: UPS) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Scott Schneeberger assigned a Buy rating to United Parcel today and set a price target of $186.00. The company’s shares closed last Wednesday at $159.77.
According to TipRanks.com, Schneeberger is a 5-star analyst with an average return of 7.3% and a 58.3% success rate. Schneeberger covers the Services sector, focusing on stocks such as Fleetcor Technologies, Service International, and Target Hospitality.
United Parcel has an analyst consensus of Moderate Buy, with a price target consensus of $164.87, a 1.0% upside from current levels. In a report issued on October 14, Citigroup also maintained a Buy rating on the stock with a $190.00 price target.
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The company has a one-year high of $178.01 and a one-year low of $82.00. Currently, United Parcel has an average volume of 4.21M.
Based on the recent corporate insider activity of 35 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.
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. The company operates through the following segments: U.S. Domestic Package, International Package, and Supply Chain and Freight. The U.S. Domestic Package segment offers a full spectrum of U.S. domestic guaranteed ground and air package transportation services. The International Package segment includes small package operations in Europe, Asia-Pacific, Canada and Latin America, Indian sub-continent, and the Middle East and Africa. The Supply Chain and Freight segment offers transportation, distribution, and international trade and brokerage services. The company was founded by James E. Casey and Claude Ryan on August 28, 1907 and is headquartered in Atlanta, GA.
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