Union Pacific Corporation (NYSE:UNP) Earns Overweight Rating from Morgan Stanley
Union Pacific Corporation (NYSE:UNP)‘s stock had its “overweight” rating reissued by Morgan Stanley in a research note issued to investors on Monday, July 10th. They presently have a $102.00 price target on the railroad operator’s stock, up from their previous price target of $100.00. Morgan Stanley’s price target would suggest a potential downside of 1.03% from the stock’s current price.
A number of other research analysts have also recently weighed in on the company. Citigroup Inc. reiterated a “buy” rating and issued a $120.00 target price on shares of Union Pacific Corporation in a report on Monday, July 10th. Royal Bank Of Canada reiterated a “hold” rating and issued a $116.00 target price on shares of Union Pacific Corporation in a report on Friday, June 2nd. BMO Capital Markets reiterated a “buy” rating and issued a $123.00 target price on shares of Union Pacific Corporation in a report 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 objective on the stock in a research note on Tuesday, May 30th. Finally, Credit Suisse Group boosted their price objective 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. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $112.20.
Union Pacific Corporation (UNP) traded up 0.48% during midday trading on Monday, hitting $103.06. The company had a trading volume of 3,280,755 shares. The firm has a market cap of $82.49 billion, a price-to-earnings ratio of 18.69 and a beta of 0.81. The stock has a 50 day moving average of $107.61 and a 200 day moving average of $107.96. Union Pacific Corporation has a 52-week low of $87.06 and a 52-week high of $115.15.
Union Pacific Corporation (NYSE:UNP) last issued its earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter last year, the firm earned $1.17 earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, analysts anticipate that Union Pacific Corporation will post $5.79 EPS for the current year.
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In other 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 transaction of $1,894,190.40. Following the completion of the transaction, the executive vice president now directly owns 95,470 shares in the company, valued at $10,272,572. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the company. Atwood & Palmer Inc. increased its stake in Union Pacific Corporation by 213.1% in the second quarter. Atwood & Palmer Inc. now owns 3,012 shares of the railroad operator’s stock worth $328,000 after buying an additional 2,050 shares during the period. Principal Financial Group Inc. increased its stake in Union Pacific Corporation by 20.4% in the second quarter. Principal Financial Group Inc. now owns 2,210,528 shares of the railroad operator’s stock worth $240,749,000 after buying an additional 374,816 shares during the period. Sullivan Bruyette Speros & Blaney LLC boosted its position in Union Pacific Corporation by 4.4% in the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 4,573 shares of the railroad operator’s stock valued at $498,000 after buying an additional 194 shares in the last quarter. Homrich & Berg boosted its position in Union Pacific Corporation by 3.1% in the second quarter. Homrich & Berg now owns 6,835 shares of the railroad operator’s stock valued at $744,000 after buying an additional 203 shares in the last quarter. Finally, Ray Gerald L & Associates Ltd. boosted its position in Union Pacific Corporation by 7.6% in the second quarter. Ray Gerald L & Associates Ltd. now owns 10,324 shares of the railroad operator’s stock valued at $1,124,000 after buying an additional 725 shares in the last quarter. Hedge funds and other institutional investors own 79.88% 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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