UPS profit surges, led by global growth

Analysts at Nomura reiterated a “neutral” rating and set a $110.00 price target on shares of United Parcel Service in a research note on Thursday, May 28th. Now the company Insiders own 0.03% of United Parcel Service, Inc.

The short interest in United Parcel Service, Inc. (NYSE:UPS) witnessed a decline in the market cap on Friday as its shares dropped 1.42% or 1.36 points. (NYSE:UPS) which led to swings in the share price.

United Parcel Service Inc.is now valued at $85.67 billion. The 50-Day Moving Average price is $98.46 and the 200 Day Moving Average price is recorded at $100.35. The 52-week low of the share price is at $94.05.

Analysts had on average expected earnings per share of $1.26. ( UPS ) reported that its net income for the second-quarter 2015 significantly increased to $1.230 billion from last year $0.454 billion, with earnings per share improving to $1.35 from $0.49 in the prior year.

Coyote Logistics, which had about $2 billion in revenue last year, is also considering an initial public offering, according to sources familiar with the deal, Reuters added. Analysts expect annual earnings of $5.19 per share.

In other United Parcel Service news, Chairman D Scott Davis sold 30,000 shares of United Parcel Service stock in a transaction dated Monday, May 11th. The heightened volatility saw the trading volume jump to 3,627,689 shares.

United Parcel Service (UPS – Get Report) is scheduled to release its earnings results for the 2015 second quarter before the market open on Tuesday. The Company delivers packages each business day for 1.5 million shipping customers to 7.9 million consignees in over 220 countries and territories. (NYSE:UPS) has lost 2.92% during the past week and dropped 4.63% in the last 4 weeks. The Company has three segments: the United States Domestic Package, global Package and Supply Chain & Freight.