Short Interest in Union Pacific Increases By 139.5% (UNP)
Shares of Union Pacific (NYSE:UNP) were the recipient of a large growth in short interest in the month of June. As of June 13th, there was short interest totalling 8,139,221 shares, a growth of 139.5% from the May 30th total of 3,398,141 shares, ARN reports. Approximately 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 2,976,246 shares, the days-to-cover ratio is currently 2.7 days.
UNP has been the subject of a number of recent research reports. Analysts at Barclays cut their price target on shares of Union Pacific from $210.00 to $115.00 in a research note on Monday, June 30th. They now have an “overweight” rating on the stock. Separately, analysts at FBR Capital Markets reiterated a “market perform” rating on shares of Union Pacific in a research note on Tuesday, June 24th. They now have a $120.00 price target on the stock, up previously from $110.00. Finally, analysts at Wolfe Research downgraded shares of Union Pacific from an “outperform” rating to a “market perform” rating in a research note on Monday, June 16th. Six research 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 presently has a consensus rating of “Buy” and an average price target of $107.40.
Shares of Union Pacific (NYSE:UNP) opened at 100.98 on Monday. Union Pacific has a 52-week low of $74.615 and a 52-week high of $102.96. The stock has a 50-day moving average of $99.59 and a 200-day moving average of $92.23. The company has a market cap of $91.470 billion and a price-to-earnings ratio of 20.47.
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 $5.50 earnings per share for the current fiscal year.
Union Pacific Corporation (NYSE:UNP) owns transportation companies.
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