Ardour Capital upgraded shares of Union Pacific (NYSE:UNP) from a neutral rating to a buy rating in a research note issued to investors on Tuesday, The Fly reports.
Several other brokerages have also recently weighed in on UNP. Zacks Investment Research cut shares of Union Pacific from a hold rating to a sell rating and set a $192.00 price objective for the company. in a research note on Monday, December 30th. Morgan Stanley lifted their price objective on shares of Union Pacific from $136.00 to $139.00 and gave the stock an underweight rating in a research note on Monday, January 6th. BMO Capital Markets dropped their price objective on shares of Union Pacific from $190.00 to $188.00 and set an outperform rating for the company in a research note on Friday, October 18th. Wells Fargo & Co began coverage on shares of Union Pacific in a research note on Monday, October 28th. They issued a market perform rating and a $162.00 price objective for the company. Finally, TD Securities dropped their price objective on shares of Union Pacific from $175.00 to $170.00 and set a hold rating for the company in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $180.68.
NYSE UNP opened at $180.80 on Tuesday. The firm has a 50-day moving average of $177.64 and a 200-day moving average of $170.56. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.72 and a current ratio of 0.89. The stock has a market cap of $123.53 billion, a PE ratio of 22.86, a P/E/G ratio of 1.88 and a beta of 1.08. Union Pacific has a 52-week low of $149.09 and a 52-week high of $182.73.
Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 17th. The railroad operator reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.29 by ($0.07). Union Pacific had a return on equity of 32.65% and a net margin of 27.28%. The business had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same quarter last year, the firm earned $2.15 EPS. Union Pacific’s revenue for the quarter was down 7.0% compared to the same quarter last year. As a group, analysts predict that Union Pacific will post 8.49 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, November 29th were given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Wednesday, November 27th. Union Pacific’s payout ratio is presently 49.05%.
In other news, EVP Elizabeth F. Whited sold 5,342 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $171.62, for a total value of $916,794.04. Following the completion of the transaction, the executive vice president now directly owns 63,021 shares in the company, valued at approximately $10,815,664.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.96% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of UNP. Selective Wealth Management Inc. bought a new stake in shares of Union Pacific during the 3rd quarter valued at approximately $25,000. Candriam Luxembourg S.C.A. grew its holdings in shares of Union Pacific by 10.1% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 163,196 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 14,927 shares during the last quarter. River & Mercantile Asset Management LLP bought a new stake in shares of Union Pacific during the 2nd quarter valued at approximately $29,000. Financial Gravity Wealth Inc. grew its holdings in shares of Union Pacific by 78.8% during the 3rd quarter. Financial Gravity Wealth Inc. now owns 186 shares of the railroad operator’s stock valued at $30,000 after purchasing an additional 82 shares during the last quarter. Finally, Bourgeon Capital Management LLC bought a new stake in shares of Union Pacific during the 3rd quarter valued at approximately $30,000. Institutional investors own 77.55% of the company’s stock.
About Union Pacific
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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