Union Pacific (NYSE:UNP)‘s stock had its “buy” rating reaffirmed by equities research analysts at Cowen in a research note issued on Thursday, AnalystRatings.com reports. They currently have a $184.00 price objective on the railroad operator’s stock. Cowen’s price objective would suggest a potential upside of 5.66% from the stock’s current price.
Several other analysts have also issued reports on the stock. ValuEngine lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Thursday. Morgan Stanley set a $36.00 price target on shares of ArcBest and gave the company a “hold” rating in a research report on Monday, July 8th. Sanford C. Bernstein upgraded shares of Royal Mail from a “market perform” rating to an “outperform” rating in a research report on Monday, June 17th. Cascend Securities lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Raymond James restated a “buy” rating on shares of West Fraser Timber in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Union Pacific currently has an average rating of “Buy” and a consensus target price of $176.43.
UNP traded up $9.59 during trading on Thursday, reaching $174.14. The stock had a trading volume of 730,737 shares, compared to its average volume of 2,658,344. The stock has a market capitalization of $123.98 billion, a PE ratio of 21.94, a PEG ratio of 1.96 and a beta of 1.04. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.32. Union Pacific has a one year low of $128.08 and a one year high of $180.02. The firm’s 50-day moving average is $169.49.
Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 18th. The railroad operator reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.10. Union Pacific had a net margin of 26.59% and a return on equity of 30.73%. The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.62 billion. During the same period in the prior year, the business posted $1.98 earnings per share. The company’s revenue was down 1.3% on a year-over-year basis. On average, analysts forecast that Union Pacific will post 8.93 earnings per share for the current fiscal year.
In related news, Director William J. Delaney III bought 5,000 shares of the business’s stock in a transaction on Monday, May 20th. The stock was acquired at an average price of $174.06 per share, with a total value of $870,300.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $870,300. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert M. Knight, Jr. sold 1,380 shares of Union Pacific stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $180.01, for a total transaction of $248,413.80. Following the completion of the sale, the executive vice president now directly owns 94,943 shares of the company’s stock, valued at approximately $17,090,689.43. The disclosure for this sale can be found here. Company insiders own 9.96% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Naples Global Advisors LLC lifted its position in shares of Union Pacific by 1.1% in the 1st quarter. Naples Global Advisors LLC now owns 5,734 shares of the railroad operator’s stock worth $959,000 after purchasing an additional 60 shares during the period. Community Bank & Trust Waco Texas lifted its holdings in Union Pacific by 0.3% during the second quarter. Community Bank & Trust Waco Texas now owns 22,618 shares of the railroad operator’s stock valued at $3,825,000 after purchasing an additional 60 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in Union Pacific by 2.3% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,614 shares of the railroad operator’s stock valued at $442,000 after purchasing an additional 60 shares in the last quarter. Obermeyer Wood Investment Counsel Lllp lifted its holdings in Union Pacific by 1.7% during the fourth quarter. Obermeyer Wood Investment Counsel Lllp now owns 3,729 shares of the railroad operator’s stock valued at $515,000 after purchasing an additional 61 shares in the last quarter. Finally, Weatherstone Capital Management increased its position in Union Pacific by 3.1% during the first quarter. Weatherstone Capital Management now owns 2,172 shares of the railroad operator’s stock worth $363,000 after purchasing an additional 66 shares during the last quarter. Institutional investors and hedge funds own 78.95% of the company’s stock.
Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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