Morgan Stanley Maintains United Parcel Service to Underweight with Price Target $91.00

Brokerage firm Morgan Stanley Maintains its rating on United Parcel Service(NYSE:UPS). In a research note issued to the investors, the brokerage major Lowers the price-target to $91.00 per share. The shares have been rated Underweight. The rating by Morgan Stanley was issued on Aug 1, 2016.

United Parcel Service (UPS) made into the market gainers list on Mondays trading session with the shares advancing 0.16% or 0.17 points. Due to strong positive momentum, the stock ended at $108.96, which is also near the day’s high of $109.41. The stock began the session at $109.09 and the volume stood at 20,37,044 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 $96,176 M and it has 88,26,69,120 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 May 26, 2016, David A Barnes (Senior Vice President) sold 11,712 shares at $102.47 per share price.Also, On Feb 19, 2016, D Scott Davis (director) sold 33,713 shares at $97.57 per share price.On Sep 1, 2015, Kurt P Kuehn (Senior Vice President) sold 10,338 shares at $98.14 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 or WorldShip.

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