Union Pacific Rating Reiterated by Raymond James (UNP)
Union Pacific (NYSE:UNP)‘s stock had its “strong-buy” rating restated by investment analysts at Raymond James in a note issued to investors on Friday. They currently have a $116.00 price target on the stock, up from their previous price target of $115.00. Raymond James’ target price would indicate a potential upside of 14.11% from the stock’s previous close.
Shares of Union Pacific (NYSE:UNP) traded down 0.11% on Friday, hitting $101.66. The stock had a trading volume of 2,337,429 shares. Union Pacific has a 1-year low of $74.615 and a 1-year high of $103.25. The stock has a 50-day moving average of $100.7 and a 200-day moving average of $94.04. The company has a market cap of $92.086 billion and a price-to-earnings ratio of 20.82.
Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.43 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.43. The company had revenue of $6.00 billion for the quarter, compared to the consensus estimate of $6.00 billion. During the same quarter last year, the company posted $2.37 earnings per share. Union Pacific’s revenue was up 10.0% compared to the same quarter last year. Analysts expect that Union Pacific will post $5.52 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Union Pacific in a research note on Friday. They now have a $115.00 price target on the stock, up previously from $113.00. Separately, analysts at Deutsche Bank raised their price target on shares of Union Pacific from $108.00 to $111.00 in a research note on Tuesday, July 15th. They now have a “buy” rating on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of Union Pacific from $103.00 to $104.00 in a research note on Tuesday, July 8th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $111.45.
In other Union Pacific news, CAO Jeffrey P. Totusek sold 5,888 shares of Union Pacific stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $101.75, for a total transaction of $599,104.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Union Pacific Corporation (NYSE:UNP) owns transportation companies.
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