Union Pacific Corp. Price Target Cut to $170.00 by Analysts at Cowen and Company (UNP)
Stock analysts at Cowen and Company reduced their price target on shares of Union Pacific Corp. (NYSE:UNP) from $174.00 to $170.00 in a report issued on Thursday, Analyst Ratings Network reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s target price points to a potential upside of 8.17% from the company’s current price.
Shares of Union Pacific Corp. (NYSE:UNP) traded down 3.82% on Thursday, hitting $151.16. The stock had a trading volume of 7,140,918 shares. Union Pacific Corp. has a one year low of $116.06 and a one year high of $165.18. The stock has a 50-day moving average of $156.1 and a 200-day moving average of $154.4. The company has a market cap of $70.115 billion and a P/E ratio of 17.89.
Union Pacific Corp. (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 17th. The company reported $2.48 EPS for the quarter, missing the Thomson Reuters consensus estimate of $2.56 by $0.08. The company had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.58 billion. During the same quarter in the prior year, the company posted $2.19 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, analysts predict that Union Pacific Corp. will post $9.41 earnings per share for the current fiscal year.
A number of other firms have also recently commented on UNP. Analysts at Avondale Partners upgraded shares of Union Pacific Corp. from an “equal weight” rating to an “overweight” rating in a research note to investors on Tuesday, October 8th. Separately, analysts at TD Securities cut their price target on shares of Union Pacific Corp. from $174.00 to $170.00 in a research note to investors on Monday, October 7th. They now have a “hold” rating on the stock. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Union Pacific Corp. in a research note to investors on Friday, October 4th. They now have a $160.00 price target on the stock. Twelve investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Union Pacific Corp. has an average rating of “Buy” and a consensus target price of $143.96.
Union Pacific Corporation (NYSE:UNP) owns transportation companies.
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