Wolfe Research Upgrades Union Pacific (UNP) to “Outperform”

Union Pacific (NYSE:UNP) was upgraded by analysts at Wolfe Research from a “market perform” rating to an “outperform” rating in a research report issued on Friday, The Fly reports.

A number of other research analysts have also weighed in on the company. Barclays reissued a “buy” rating and set a $150.00 target price on shares of Union Pacific in a report on Wednesday, December 13th. ValuEngine lowered Union Pacific from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Goldman Sachs Group assumed coverage on Union Pacific in a report on Monday, November 13th. They set a “sell” rating and a $103.00 target price on the stock. Royal Bank of Canada reissued a “hold” rating and set a $124.00 target price on shares of Union Pacific in a report on Thursday, November 9th. Finally, Zacks Investment Research lowered Union Pacific from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $120.00.

Union Pacific (NYSE:UNP) opened at $138.51 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.97 and a current ratio of 1.16. The firm has a market capitalization of $109,030.00, a P/E ratio of 24.52, a P/E/G ratio of 1.98 and a beta of 0.90. Union Pacific has a 1-year low of $101.06 and a 1-year high of $139.59.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.01. The business had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.32 billion. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.36 EPS. analysts anticipate that Union Pacific will post 5.78 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Jennison Associates lifted its position in shares of Union Pacific by 43.1% during the 3rd quarter. Jennison Associates now owns 1,160,360 shares of the railroad operator’s stock worth $102,587,000 after buying an additional 349,458 shares during the last quarter. Kovitz Investment Group lifted its position in shares of Union Pacific by 5.9% during the 3rd quarter. Kovitz Investment Group now owns 3,302 shares of the railroad operator’s stock worth $292,000 after buying an additional 185 shares during the last quarter. Palo Capital bought a new stake in shares of Union Pacific during the 3rd quarter worth $998,000. Modera Wealth Management lifted its position in shares of Union Pacific by 3.6% during the 3rd quarter. Modera Wealth Management now owns 7,914 shares of the railroad operator’s stock worth $700,000 after buying an additional 278 shares during the last quarter. Finally, Eagle Asset Management lifted its position in shares of Union Pacific by 89.9% during the 3rd quarter. Eagle Asset Management now owns 2,109,908 shares of the railroad operator’s stock worth $186,536,000 after buying an additional 998,806 shares during the last quarter. 78.43% of the stock is currently owned by hedge funds and other institutional investors.

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Union Pacific 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.

The Fly

Analyst Recommendations for Union Pacific (NYSE:UNP)

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