Union Pacific Rating Increased to Outperform at RBC Capital (UNP)
Union Pacific (NYSE:UNP) was upgraded by investment analysts at RBC Capital from a “sector perform” rating to an “outperform” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $115.00 target price on the stock, up from their previous target price of $97.00. RBC Capital’s target price would indicate a potential upside of 12.59% from the company’s current price. The analysts noted that the move was a valuation call.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Union Pacific in a research note on Friday, May 9th. They now have a $99.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $105.86.
Union Pacific (NYSE:UNP) opened at 102.14 on Tuesday. Union Pacific has a 52 week low of $74.225 and a 52 week high of $102.20. The stock’s 50-day moving average is $96.72 and its 200-day moving average is $89.90. The company has a market cap of $92.521 billion and a price-to-earnings ratio of 20.65.
Union Pacific (NYSE:UNP) last released its earnings data 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 announced a quarterly dividend, which is scheduled for Tuesday, July 1st. Investors 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.
Union Pacific Corporation (NYSE:UNP) owns transportation companies.
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