United Parcel (UPS) Gets a Sell Rating from Barclays

By Austin Angelo

In a report released today, Brandon Oglenski from Barclays maintained a Sell rating on United Parcel (UPSResearch Report), with a price target of $120.00. The company’s shares closed last Friday at $140.87, close to its 52-week high of $145.50.

According to TipRanks.com, Oglenski is a 4-star analyst with an average return of 6.8% and a 57.8% success rate. Oglenski covers the Services sector, focusing on stocks such as Knight Transportation, Kansas City Southern, and Werner Enterprises.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for United Parcel with a $123.90 average price target, a -12.6% downside from current levels. In a report released today, BMO Capital also maintained a Sell rating on the stock with a $115.00 price target.

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Based on United Parcel’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $18.04 billion and net profit of $965 million. In comparison, last year the company earned revenue of $17.16 billion and had a net profit of $1.11 billion.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of UPS in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. The company operates through the following segments: U.S. Domestic Package, International Package, and Supply Chain and Freight. The U.S. Domestic Package segment offers a full spectrum of U.S. domestic guaranteed ground and air package transportation services. The International Package segment includes small package operations in Europe, Asia-Pacific, Canada and Latin America, Indian sub-continent, and the Middle East and Africa. The Supply Chain and Freight segment offers transportation, distribution, and international trade and brokerage services. The company was founded by James E. Casey and Claude Ryan on August 28, 1907 and is headquartered in Atlanta, GA.