Union Pacific Target of Unusually Large Options Trading (UNP)
Shares of Union Pacific (NYSE:UNP) were the target of unusually large options trading on Wednesday. Stock traders bought 17,880 call options on the stock, Analyst RN reports. This represents an increase of approximately 308% compared to the typical daily volume of 4,386 call options.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Union Pacific in a research note on Tuesday. They now have a $108.00 price target on the stock, down previously from $216.00. Separately, 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. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Union Pacific in a research note on Friday, June 6th. They now have a $230.00 price target on the stock, up previously from $105.00. Four investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Union Pacific presently has a consensus rating of “Buy” and an average price target of $105.86.
Union Pacific (NYSE:UNP) traded down 0.23% on Wednesday, hitting $102.18. 2,491,465 shares of the company’s stock traded hands. Union Pacific has a 1-year low of $74.225 and a 1-year high of $102.96. The stock’s 50-day moving average is $96.91 and its 200-day moving average is $90.0. The company has a market cap of $92.557 billion and a P/E ratio of 20.95.
Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, April 17th. The company reported $2.38 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $2.03 earnings per share. The company’s quarterly revenue 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. 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 is Thursday, June 12th.
Union Pacific Corporation (NYSE:UNP) owns transportation companies.
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