Union Pacific (UNP) Shares Scheduled to Split on Monday, June 9th
Shares of Union Pacific (NYSE:UNP) are set to split before the market opens on Monday, June 9th, Analyst Ratings Network.com reports. The 2-1 split was announced on Thursday, May 15th. The newly minted shares will be distributed to shareholders after the closing bell on Friday, June 6th.
Shares of Union Pacific (NYSE:UNP) traded up 0.49% on Friday, hitting $196.26. 1,061,760 shares of the company’s stock traded hands. Union Pacific has a 1-year low of $148.45 and a 1-year high of $197.13. The stock has a 50-day moving average of $189.5 and a 200-day moving average of $176.1. The company has a market cap of $88.888 billion and a P/E ratio of 19.98.
Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, April 17th. The company reported $2.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.37 by $0.01. The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter last year, the company posted $2.03 earnings per share. Union Pacific’s revenue was up 6.6% compared to the same quarter last year. On average, analysts predict that Union Pacific will post $10.91 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Shareholders of record on Monday, June 16th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, June 12th.
A number of research firms have recently commented on UNP. Analysts at Argus raised their price target on shares of Union Pacific from $193.00 to $208.00 in a research note on Tuesday, May 13th. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Union Pacific in a research note on Friday, May 9th. They now have a $198.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Union Pacific in a research note on Monday, April 21st. They now have a $210.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Union Pacific currently has an average rating of “Buy” and a consensus target price of $197.19.
Union Pacific Corporation (NYSE:UNP) owns transportation companies.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.