Union Pacific Corporation (NYSE:UNP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

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 14.1%, the industry it belongs to and Kansas City Southern have rallied 8.2% and 3.3%, 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.”

UNP has been the subject of several other research reports. Citigroup Inc. reaffirmed a “buy” rating and set a $120.00 price objective on shares of Union Pacific Corporation in a research report on Monday, July 10th. Morgan Stanley reaffirmed an “overweight” rating and set a $102.00 price objective (up previously from $100.00) on shares of Union Pacific Corporation in a research report on Monday, July 10th. Aegis downgraded shares of Union Pacific Corporation from a “buy” rating to a “hold” rating and raised their price objective for the stock from $120.00 to $122.00 in a research report on Tuesday, October 10th. BMO Capital Markets reaffirmed a “buy” rating and set a $123.00 price objective on shares of Union Pacific Corporation in a research report on Friday, September 15th. Finally, Off Wall Street initiated coverage on shares of Union Pacific Corporation in a research report on Tuesday, October 17th. They set a “sell” rating for the company. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. Union Pacific Corporation has an average rating of “Hold” and a consensus target price of $117.88.

Union Pacific Corporation (NYSE:UNP) last released its quarterly earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.01. Union Pacific Corporation had a net margin of 21.84% and a return on equity of 23.35%. The firm had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same quarter last year, the business earned $1.36 EPS. The company’s revenue was up 4.5% compared to the same quarter last year.

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A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Union Pacific Corporation by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 61,505,708 shares of the railroad operator’s stock valued at $6,698,588,000 after acquiring an additional 1,146,109 shares in the last quarter. BlackRock Inc. lifted its stake in Union Pacific Corporation by 0.3% during the 2nd quarter. BlackRock Inc. now owns 50,764,821 shares of the railroad operator’s stock valued at $5,528,796,000 after acquiring an additional 141,521 shares in the last quarter. State Street Corp lifted its stake in Union Pacific Corporation by 0.4% during the 1st quarter. State Street Corp now owns 34,686,206 shares of the railroad operator’s stock valued at $3,673,956,000 after acquiring an additional 127,803 shares in the last quarter. BlackRock Institutional Trust Company N.A. lifted its stake in Union Pacific Corporation by 0.5% during the 3rd quarter. BlackRock Institutional Trust Company N.A. now owns 21,830,343 shares of the railroad operator’s stock valued at $2,129,113,000 after acquiring an additional 116,580 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Union Pacific Corporation by 37.2% during the 1st quarter. Wellington Management Group LLP now owns 17,675,862 shares of the railroad operator’s stock valued at $1,406,114,000 after acquiring an additional 4,787,909 shares in the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

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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Analyst Recommendations for Union Pacific Corporation (NYSE:UNP)

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