Union Pacific (UNP) Upgraded to Buy at Citigroup

Union Pacific (NYSE:UNP) was upgraded by stock analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued on Wednesday, Marketbeat reports.

UNP has been the subject of several other reports. TD Securities decreased their price objective on shares of Union Pacific from $155.00 to $150.00 and set a “buy” rating for the company in a report on Friday, January 26th. Morgan Stanley boosted their price objective on shares of Union Pacific from $100.00 to $104.00 and gave the company an “equal weight” rating in a report on Tuesday, October 31st. Goldman Sachs Group began coverage on shares of Union Pacific in a report on Monday, November 13th. They set a “sell” rating and a $103.00 price objective for the company. Wolfe Research raised shares of Union Pacific from a “market perform” rating to an “outperform” rating in a report on Friday, January 5th. Finally, Daiwa Capital Markets raised shares of Union Pacific from a “hold” rating to an “outperform” rating in a report on Thursday, January 11th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the company. Union Pacific presently has a consensus rating of “Hold” and an average target price of $130.40.

Union Pacific (NYSE:UNP) traded up $4.89 on Wednesday, hitting $133.19. 4,780,000 shares of the stock traded hands, compared to its average volume of 6,040,000. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 0.97. Union Pacific has a 1 year low of $101.06 and a 1 year high of $143.05. The stock has a market capitalization of $104,840.00, a PE ratio of 9.87, a price-to-earnings-growth ratio of 1.60 and a beta of 0.84.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, January 25th. The railroad operator reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.01). Union Pacific had a net margin of 50.43% and a return on equity of 22.26%. The company had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.44 billion. During the same period in the previous year, the firm earned $1.39 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. equities analysts predict that Union Pacific will post 7.52 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of UNP. FMR LLC boosted its position in shares of Union Pacific by 84.6% in the second quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock worth $1,045,870,000 after purchasing an additional 4,399,980 shares during the period. Janus Henderson Group PLC boosted its position in shares of Union Pacific by 990.5% in the second quarter. Janus Henderson Group PLC now owns 2,243,574 shares of the railroad operator’s stock worth $244,339,000 after purchasing an additional 2,037,834 shares during the period. Voya Investment Management LLC boosted its position in shares of Union Pacific by 88.7% in the second quarter. Voya Investment Management LLC now owns 4,060,423 shares of the railroad operator’s stock worth $442,221,000 after purchasing an additional 1,908,175 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Union Pacific by 59.3% in the second quarter. Ameriprise Financial Inc. now owns 4,773,609 shares of the railroad operator’s stock worth $519,785,000 after purchasing an additional 1,776,644 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in shares of Union Pacific by 88.5% in the third quarter. Canada Pension Plan Investment Board now owns 3,558,005 shares of the railroad operator’s stock worth $412,622,000 after purchasing an additional 1,670,095 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

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About Union Pacific

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.

Analyst Recommendations for Union Pacific (NYSE:UNP)

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