Union Pacific Receives Buy Rating from Deutsche Bank (UNP)
Union Pacific (NYSE:UNP)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Tuesday. They currently have a $108.00 price target on the stock, down from their previous price target of $216.00. Deutsche Bank’s price target points to a potential upside of 5.74% from the stock’s previous close.
Union Pacific (NYSE:UNP) traded down 0.34% on Tuesday, hitting $101.79. The stock had a trading volume of 1,387,814 shares. Union Pacific has a 52-week low of $74.225 and a 52-week high of $102.20. The stock has a 50-day moving average of $96.72 and a 200-day moving average of $89.90. The company has a market cap of $92.204 billion and a P/E ratio of 20.90.
Union Pacific (NYSE:UNP) last released its earnings data on Thursday, April 17th. The company reported $2.38 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $2.03 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Analysts expect that Union Pacific will post $5.46 EPS 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 3.56%. The ex-dividend date of this dividend is Thursday, June 12th.
A number of other firms have also recently commented on UNP. Analysts at RBC Capital upgraded shares of Union Pacific from a “sector perform” rating to an “outperform” rating in a research note on Tuesday. They now have a $115.00 price target on the stock, up previously from $97.00. They noted that the move was a valuation call. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Union Pacific in a research note on Friday. They now have a $230.00 price target on the stock, up previously from $105.00. Finally, analysts at Argus raised their price target on shares of Union Pacific from $96.50 to $104.00 in a research note on Tuesday, May 13th. They now have a “buy” rating on the stock. Four analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $105.86.
Union Pacific Corporation (NYSE:UNP) owns transportation companies.
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