Barclays Maintains United Parcel Service to Equal-weight with Price Target $115.00

Brokerage firm Barclays Maintains its rating on United Parcel Service(NYSE:UPS). In a research note issued to the investors, the brokerage major Raises the price-target to $115.00 per share. The shares have been rated Equal-weight. The rating by Barclays was issued on Sep 12, 2016.

In a different note, On Aug 2, 2016, Argus Research said it Maintains its rating on United Parcel Service. In the research note, the firm Raises the price-target to $115.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 1, 2016, Morgan Stanley said it Maintains its rating on United Parcel Service. In the research note, the firm Lowers the price-target to $92.00 per share. The shares have been rated ‘Underweight’ by the firm.

United Parcel Service (UPS) made into the market gainers list on Tuesdays trading session with the shares advancing 1.15% or 1.23 points. Due to strong positive momentum, the stock ended at $108.35, which is also near the day’s high of $108.72. The stock began the session at $107.59 and the volume stood at 32,42,397 shares. The 52-week high of the shares is $111.83 and the 52 week low is $87.3. The company has a current market capitalization of $95,138 M and it has 87,80,65,690 shares in outstanding.

United Parcel Service(UPS) last announced its earnings results on Jul 29, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $14.63B. Analysts had an estimated revenue of $14.63B. Earnings per share were $1.43. Analysts had estimated an EPS of $1.43.

Several Insider Transactions has been reported to the SEC. On Aug 15, 2016, James J. Barber (President, UPS International) sold 2,268 shares at $109.79 per share price.Also, On May 26, 2016, David A Barnes (Senior Vice President) sold 11,712 shares at $102.47 per share price.On Feb 19, 2016, D Scott Davis (director) sold 33,713 shares at $97.57 per share price, according to the Form-4 filing with the securities and exchange commission.

United Parcel Service Inc. is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages in over 220 countries and territories. It also provides control and visibility of customers’ inventories and supply chains via its UPS technology platform. The Company offers transportation distribution forwarding ground freight ocean freight air freight brokerage and financing services. It operates in three segments: U.S. Domestic Package International Package and Supply Chain & Freight. Its WorldShip is a desktop shipping application that provides middle market and large customers with shipping capabilities. Customers can create custom labels set up shipment alerts create and upload customs documentation track and export shipments create reports and integrate with their enterprise resource planning and accounting systems. UPS marketplace shipping allows marketplace sellers to ship their orders via www.ups.com or WorldShip.

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