United Parcel (UPS) Gets a Buy Rating from Oppenheimer

By Carrie Williams

Oppenheimer analyst Scott Schneeberger maintained a Buy rating on United Parcel (NYSE: UPS) today. The company’s shares closed yesterday at $114.24.

According to TipRanks.com, Schneeberger is a 5-star analyst with an average return of 10.6% and a 65.4% success rate. Schneeberger covers the Services sector, focusing on stocks such as Service Corp International, General Finance, and XPO Logistics.

Currently, the analyst consensus on United Parcel is a Moderate Buy with an average price target of $127.08.

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Based on United Parcel’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $17.48 billion and net profit of $1.49 billion. In comparison, last year the company earned revenue of $15.98 billion and had a net profit of $1.26 billion.

Based on the recent corporate insider activity of 30 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.