UPS says it plans to hire 95,000 extra staff to cope with an anticipated heavy increase in volume between November this year and January 2017. With the current stock price and the moving averages showing signs of indecision, any consecutive day stock move in either direction will likely push the stock into a bearish or bullish technical channel that could persist for the short-term. The firm has institutional ownership of 29.90%, while insider ownership included 0.70%.
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Want the latest recommendations from Zacks Investment Research? 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. “3” rated “Sell” for the company. Chen explained that increased US traffic, lower prices and amelioration of Wal-Mart’s customer experience were factors in the decision. The forecast of 6 polled investment analysts covering the stock advises investors to Buy stake in the company. Quantbot Technologies Lp who had been investing in United Parcel Service for a number of months, seems to be less bullish one the $92.37B market cap company.
Analysts at William Blair reiterated an Outperform rating on shares of United Parcel Service Inc. At present, 3 analysts recommended Selling these shares while 18 recommended Hold, according to FactSet data. Recently, analysts have updated the mean rating to 2.9. The mean price target for the shares of company is at $4.86 while the highest price target suggested by the analysts is $5.50 and low price target is $4.25. In the most recent quarter the company reported earnings of $0.08 that ended on 2016-06-30. Company is -38.65% away from its 52 week high and is moving 19.87% ahead of its 52 week low. The stock touched an intraday high of $72.56 and the buying power remained strong till the end. The stock was rated “Hold” by 2 number of analysts in current phase, while 0 experts rated it as a “Sell” security. The stock tapped a 52-week high of US$11.09 while the 12-month Consensus Price Target is US$11.48. The stock is a Buy among 2 brokerage firms polled by Factset Research. Top-level EPS estimate is set at $1.01 while low-level EPS estimate among analysts is focused at $0.91.
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04/30/2015 – United Parcel Service, Inc. had its “hold” rating reiterated by analysts at TheStreet.
