Union Pacific Corporation (NYSE:UNP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The firm currently has a $130.00 target price on the railroad operator’s stock. Zacks Investment Research‘s price objective points to a potential upside of 12.27% from the company’s previous close.

According to Zacks, “Shares of Union Pacific have outperformed its industry as well as fellow railroad operator Kansas City Southern over the last three months. While the company gained 13.2%, the industry it belongs to and Kansas City Southern have rallied 8.3% and 2.1%, respectively, in the same period. Ushering in further good news, Union Pacific reported better-than-expected earnings per share and revenues in the third quarter of 2017. Results were aided by strong performances of the company's intermodal and industrial products units. We are impressed by the company's efforts to cut costs to drive its bottom line as well. Efforts to reward investors also raise optimism in the stock. However, declining coal revenues in the third quarter raise concerns. Automotive volumes also decreased due to sluggish vehicle production in the United States.”

A number of other brokerages have also recently weighed in on UNP. UBS AG boosted their price objective on Union Pacific Corporation from $115.00 to $126.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Loop Capital boosted their price objective on Union Pacific Corporation from $118.00 to $120.00 and gave the company a “hold” rating in a research note on Monday. BMO Capital Markets boosted their price objective on Union Pacific Corporation from $123.00 to $127.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Morgan Stanley boosted their price objective on Union Pacific Corporation from $100.00 to $104.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, Argus boosted their price objective on Union Pacific Corporation from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $117.88.

Union Pacific Corporation (NYSE UNP) traded up 0.40% during trading on Wednesday, reaching $116.25. 820,014 shares of the company’s stock were exchanged. Union Pacific Corporation has a 52 week low of $87.74 and a 52 week high of $119.71. The stock has a market capitalization of $93.04 billion, a PE ratio of 21.08 and a beta of 0.84. The stock has a 50-day moving average of $113.60 and a 200-day moving average of $109.10.

Union Pacific Corporation (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 26th. The railroad operator reported $1.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.01. Union Pacific Corporation had a return on equity of 23.35% and a net margin of 21.84%. The company had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter in the previous year, the business earned $1.36 earnings per share. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities research analysts anticipate that Union Pacific Corporation will post $5.80 EPS for the current year.

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A number of large investors have recently added to or reduced their stakes in the business. Gainplan LLC raised its position in Union Pacific Corporation by 0.6% in the second quarter. Gainplan LLC now owns 2,230 shares of the railroad operator’s stock worth $243,000 after acquiring an additional 13 shares in the last quarter. Advisors Management Group Inc. ADV raised its position in Union Pacific Corporation by 0.5% in the second quarter. Advisors Management Group Inc. ADV now owns 3,330 shares of the railroad operator’s stock worth $363,000 after acquiring an additional 17 shares in the last quarter. Highland Private Wealth Management raised its position in Union Pacific Corporation by 0.9% in the second quarter. Highland Private Wealth Management now owns 1,996 shares of the railroad operator’s stock worth $217,000 after acquiring an additional 18 shares in the last quarter. Summit Asset Management LLC raised its position in Union Pacific Corporation by 0.3% in the first quarter. Summit Asset Management LLC now owns 7,206 shares of the railroad operator’s stock worth $763,000 after acquiring an additional 19 shares in the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in Union Pacific Corporation by 0.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 6,579 shares of the railroad operator’s stock worth $716,000 after acquiring an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Union Pacific Corporation Company Profile

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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Analyst Recommendations for Union Pacific Corporation (NYSE:UNP)

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