Berenberg Bank Keeps a Hold Rating on United Parcel (UPS)

By Jason Carr

Berenberg Bank analyst Adam Barrass maintained a Hold rating on United Parcel (UPSResearch Report) on March 22 and set a price target of $125. The company’s shares closed on Friday at $107.35.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for United Parcel with a $118 average price target.

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Based on United Parcel’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $19.84 billion and net profit of $453 million. In comparison, last year the company earned revenue of $18.83 billion and had a net profit of $1.1 billion.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is neutral on the stock.

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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.