Royal Bank Of Canada Reiterates Hold Rating for Union Pacific Corporation (UNP)
Royal Bank Of Canada reaffirmed their hold rating on shares of Union Pacific Corporation (NYSE:UNP) in a research report report published on Friday. They currently have a $115.00 price target on the railroad operator’s stock.
A number of other research analysts have also recently commented on the company. Stifel Nicolaus upped their price objective on Union Pacific Corporation from $118.00 to $120.00 and gave the company a hold rating in a report on Friday, August 18th. BidaskClub upgraded Union Pacific Corporation from a strong sell rating to a sell rating in a report on Friday, August 18th. BMO Capital Markets reiterated a buy rating and issued a $123.00 price objective on shares of Union Pacific Corporation in a report on Friday, August 11th. Wolfe Research cut Union Pacific Corporation from an outperform rating to a market perform rating in a report on Monday, August 7th. Finally, Zacks Investment Research cut Union Pacific Corporation from a buy rating to a hold rating in a report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. Union Pacific Corporation presently has an average rating of Hold and an average price target of $113.22.
Shares of Union Pacific Corporation (NYSE:UNP) opened at 104.55 on Friday. The company has a market cap of $83.68 billion, a P/E ratio of 18.96 and a beta of 0.81. The company has a 50-day moving average price of $105.10 and a 200-day moving average price of $107.47. 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 posted its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The business had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.19 billion. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The business’s revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.17 earnings per share. On average, equities analysts predict that Union Pacific Corporation will post $5.79 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.605 per share. This represents a $2.42 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Tuesday, August 29th. Union Pacific Corporation’s dividend payout ratio is currently 43.84%.
In other news, EVP Cameron A. Scott sold 17,604 shares of the company’s stock in a transaction 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 sale, the executive vice president now owns 95,470 shares of the company’s stock, valued at $10,272,572. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of UNP. Vanguard Group Inc. raised its stake in Union Pacific Corporation by 1.9% in the second quarter. Vanguard Group Inc. now owns 61,505,708 shares of the railroad operator’s stock worth $6,698,588,000 after buying an additional 1,146,109 shares in the last quarter. BlackRock Inc. raised its stake in Union Pacific Corporation by 0.3% in the second quarter. BlackRock Inc. now owns 50,764,821 shares of the railroad operator’s stock worth $5,528,796,000 after buying an additional 141,521 shares in the last quarter. State Street Corp raised its stake in Union Pacific Corporation by 0.4% in the first quarter. State Street Corp now owns 34,686,206 shares of the railroad operator’s stock worth $3,673,956,000 after buying an additional 127,803 shares in the last quarter. FMR LLC raised its stake in Union Pacific Corporation 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 buying an additional 4,399,980 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in Union Pacific Corporation by 0.6% in the second quarter. TIAA CREF Investment Management LLC now owns 7,948,391 shares of the railroad operator’s stock worth $865,659,000 after buying an additional 46,298 shares in the last quarter. 78.55% of the stock is currently owned by institutional investors and hedge funds.
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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