United Parcel Receives a Hold from Robert W. Baird

By Jason Carr

Robert W. Baird analyst Benjamin Hartford reiterated a Hold rating on United Parcel (NYSE: UPS) on August 24 and set a price target of $118. The company’s shares closed yesterday at $113.40.

According to TipRanks.com, Hartford is a 4-star analyst with an average return of 12.4% and a 67.5% success rate. Hartford covers the Services sector, focusing on stocks such as Expeditors International, Schneider National Inc, and Knight Transportation.

Currently, the analyst consensus on United Parcel is Moderate Buy and the average price target is $115.71, representing a 2.0% upside.

In a report issued on August 21, Cowen & Co. also reiterated a Hold rating on the stock with a $115 price target.

Based on United Parcel’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $15.74 billion and quarterly net profit of $1.38 billion. In comparison, last year the company earned revenue of $14.54 billion and had a net profit of $1.27 billion.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock.

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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. The company operates through the following segments: U.S.