Bernstein Reaffirms Their Buy Rating on United Parcel (UPS)
In a report released today, David Vernon from Bernstein maintained a Buy rating on United Parcel, with a price target of $128.00.
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According to TipRanks, Vernon is a 5-star analyst with an average return of 12.5% and a 66.67% success rate. Vernon covers the Industrials sector, focusing on stocks such as United Airlines Holdings, FedEx, and Union Pacific.
In addition to Bernstein, United Parcel also received a Buy from TipRanks – xAI’s xAi Integrated Freight and Logistics in a report issued today. However, on the same day, TipRanks – Google downgraded United Parcel (NYSE: UPS) to a Hold.
Based on United Parcel’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $24.48 billion and a net profit of $1.79 billion. In comparison, last year the company earned a revenue of $25.24 billion and had a net profit of $1.72 billion
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UPS in relation to earlier this year. Last month, Norman M. Jr Brothers, the Chief Legal & Compliance Off of UPS sold 25,014.00 shares for a total of $2,655,195.12.
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