Union Pacific Corp. Stock Rating Reaffirmed by Zacks (UNP)
Union Pacific Corp. (NYSE:UNP)‘s stock had its “neutral” rating restated by Zacks in a research report issued on Thursday, StockRatingsNetwork reports. They currently have a $185.00 target price on the stock. Zacks‘ target price would suggest a potential upside of 5.19% from the company’s current price.
Zacks‘ analyst wrote, “We are maintaining our Neutral recommendation on Union Pacific. The company’s top and bottom lines surpassed the Zacks Consensus Estimate in the fourth quarter on volume growth and pricing gains. We are encouraged by the company’s ability to counter coal headwinds with growth in chemicals, intermodal and industrial and agricultural segments. In the near term, we expect growth in shipment related to automotive, petrochemicals, housing and grains to drive revenues. Additionally, strong crude-by-rail and the domestic highway conversion will also bolster the company’s long-term prospect. We also appreciate Union Pacific’s focus on high returns to shareholders via dividends and share buybacks. However, slow economic growth, fierce competition, and a weak coal business somewhat dampen the optimistic outlook on the company.”
In other Union Pacific Corp. news, CAO Jeffrey Totusek sold 1,166 shares of Union Pacific Corp. stock on the open market in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $179.25, for a total value of $209,005.50. Following the completion of the sale, the chief accounting officer now directly owns 63,666 shares in the company, valued at approximately $11,412,131. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Union Pacific Corp. (NYSE:UNP) traded up 1.33% on Thursday, hitting $178.21. The stock had a trading volume of 732,044 shares. Union Pacific Corp. has a 1-year low of $132.79 and a 1-year high of $180.49. The stock has a 50-day moving average of $172.0 and a 200-day moving average of $161.. The company has a market cap of $81.096 billion and a P/E ratio of 18.67.
Union Pacific Corp. (NYSE:UNP) last announced its earnings results on Wednesday, January 22nd. The company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.57 by $0.02. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter in the previous year, the company posted $2.19 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Analysts expect that Union Pacific Corp. will post $10.83 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 1st. Shareholders of record on Friday, February 28th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Wednesday, February 26th. This is a positive change from Union Pacific Corp.’s previous quarterly dividend of $0.79.
A number of other analysts have also recently weighed in on UNP. Analysts at EVA Dimensions LLC upgraded shares of Union Pacific Corp. from a “hold” rating to an “overweight” rating in a research note on Wednesday. Separately, analysts at Argus raised their price target on shares of Union Pacific Corp. from $179.00 to $193.00 in a research note on Friday, January 31st. They now have a “buy” rating on the stock. Finally, analysts at Atlantic Securities upgraded shares of Union Pacific Corp. from a “neutral” rating to an “overweight” rating in a research note on Thursday, January 30th. They now have a $195.00 price target on the stock, up previously from $170.00. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $182.38.
Union Pacific Corporation (NYSE:UNP) owns transportation companies.
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