Zacks Investment Research downgraded United Parcel Service, Inc. (NYSE:UPS) to Sell in a report released today.
- Updated: October 2, 2016
Just yesterday United Parcel Service, Inc. (NYSE:UPS) traded 1.06% higher at $108.76. The company’s 50-day moving average is $109.04 and its 200-day moving average is $106.47. The last stock close price is up 2.71% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,952,536 shares of the stock were exchanged, up from an average trading volume of 2,312,640
Zacks Investment Research has downgraded United Parcel Service, Inc. (NYSE:UPS) to Sell in a report released on 9/28/2016.
Previously on 4/29/2016, Cowen reported on United Parcel Service, Inc. (NYSE:UPS) increased the target price from $102.00 to $110.00. At the time, this indicated a possible upside of 0.05%.
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United Parcel Service, Inc. has a 52 week low of $87.30 and a 52 week high of $111.83 with a P/E ratio of 19.66 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 20 firms have reported on the stock. The consensus target price is $108.15 with 8 firms rating the stock a strong buy, 2 firms rating the stock a buy, 16 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.
About United Parcel Service, Inc. (NYSE:UPS)
United Parcel Service, Inc. (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The Company offers a spectrum of the United States domestic guaranteed ground and air package transportation services. The Company's International Package segment includes the small package operations in Europe, Asia, Canada and Latin America, the Indian sub-continent, the Middle East and Africa. UPS offers a selection of guaranteed day and time-definite international shipping services. The Supply Chain & Freight segment consists of the Company's forwarding and logistics services, truckload freight brokerage, UPS Freight and its financial offerings through UPS Capital. UPS offers a portfolio of guaranteed and non-guaranteed global air freight services.
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