Union Pacific Corporation (UNP) Given Average Rating of “Hold” by Brokerages
Shares of Union Pacific Corporation (NYSE:UNP) have been assigned an average rating of “Hold” from the twenty-two ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $112.57.
Several equities analysts have issued reports on UNP shares. BMO Capital Markets reiterated a “buy” rating and issued a $123.00 target price on shares of Union Pacific Corporation in a research note on Friday, June 2nd. Zacks Investment Research upgraded Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research note on Tuesday, May 30th. Credit Suisse Group boosted their price target on Union Pacific Corporation from $129.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, May 26th. Citigroup Inc. restated a “buy” rating and set a $120.00 price target on shares of Union Pacific Corporation in a research note on Monday, July 10th. Finally, Stifel Nicolaus restated a “hold” rating and set a $118.00 price target (up previously from $112.00) on shares of Union Pacific Corporation in a research note on Monday, July 24th.
Shares of Union Pacific Corporation (NYSE:UNP) traded up 0.48% during trading on Tuesday, reaching $103.06. 3,282,402 shares of the company were exchanged. The firm has a market capitalization of $82.49 billion, a P/E ratio of 18.69 and a beta of 0.81. Union Pacific Corporation has a 1-year low of $87.06 and a 1-year high of $115.15. The firm’s 50 day moving average is $107.61 and its 200 day moving average is $107.96.
Union Pacific Corporation (NYSE:UNP) last posted its earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.06. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The company had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the previous year, the firm earned $1.17 earnings per share. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, equities analysts anticipate that Union Pacific Corporation will post $5.79 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be issued a $0.605 dividend. This represents a $2.42 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Tuesday, August 29th. Union Pacific Corporation’s payout ratio is presently 43.84%.
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In other Union Pacific Corporation news, EVP Cameron A. Scott sold 17,604 shares of the business’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $107.60, for a total value of $1,894,190.40. Following the completion of the transaction, the executive vice president now directly owns 95,470 shares of the company’s stock, valued at $10,272,572. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Genesee Valley Trust Co. increased its position in shares of Union Pacific Corporation by 21.5% in the first quarter. Genesee Valley Trust Co. now owns 9,725 shares of the railroad operator’s stock worth $1,030,000 after buying an additional 1,724 shares during the last quarter. Eastern Bank increased its position in shares of Union Pacific Corporation by 1.2% in the first quarter. Eastern Bank now owns 13,580 shares of the railroad operator’s stock worth $1,438,000 after buying an additional 158 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Union Pacific Corporation during the first quarter worth about $268,000. Wetherby Asset Management Inc. increased its position in shares of Union Pacific Corporation by 1.7% in the first quarter. Wetherby Asset Management Inc. now owns 17,888 shares of the railroad operator’s stock worth $1,895,000 after buying an additional 302 shares during the last quarter. Finally, ING Groep NV increased its position in shares of Union Pacific Corporation by 225.6% in the first quarter. ING Groep NV now owns 41,594 shares of the railroad operator’s stock worth $4,406,000 after buying an additional 28,818 shares during the last quarter. 79.88% of the stock is owned by institutional investors.
About Union Pacific Corporation
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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