Union Pacific Corporation’s (UNP) “Buy” Rating Reaffirmed at BMO Capital Markets
BMO Capital Markets restated their buy rating on shares of Union Pacific Corporation (NYSE:UNP) in a research note published on Friday morning. BMO Capital Markets currently has a $123.00 target price on the railroad operator’s stock.
Other analysts also recently issued reports about the company. BidaskClub upgraded Union Pacific Corporation from a strong sell rating to a sell rating in a research report on Friday, August 18th. Stifel Nicolaus reiterated a hold rating and issued a $118.00 target price (up from $112.00) on shares of Union Pacific Corporation in a research note on Monday, July 24th. Zacks Investment Research lowered Union Pacific Corporation from a buy rating to a hold rating in a research note on Monday, July 24th. Citigroup Inc. reiterated a buy rating and issued a $120.00 target price on shares of Union Pacific Corporation in a research note on Monday, July 10th. Finally, Wolfe Research lowered Union Pacific Corporation from an outperform rating to a market perform rating in a research note on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. Union Pacific Corporation currently has a consensus rating of Hold and a consensus target price of $113.22.
Shares of Union Pacific Corporation (UNP) traded up 2.29% during mid-day trading on Friday, hitting $113.40. The company had a trading volume of 8,269,901 shares. The company has a market cap of $90.76 billion, a PE ratio of 20.57 and a beta of 0.81. The firm has a 50-day moving average of $105.02 and a 200-day moving average of $107.33. Union Pacific Corporation has a 12 month low of $87.06 and a 12 month high of $115.15.
Union Pacific Corporation (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 20th. The railroad operator reported $1.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the prior year, the business earned $1.17 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. On average, analysts expect that Union Pacific Corporation will post $5.79 EPS for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.605 per share. The ex-dividend date is Tuesday, August 29th. This represents a $2.42 annualized dividend and a yield of 2.13%. Union Pacific Corporation’s dividend payout ratio is presently 43.84%.
In other news, EVP Cameron A. Scott sold 17,604 shares of the stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $107.60, for a total value of $1,894,190.40. Following the completion of the sale, the executive vice president now owns 95,470 shares in the company, valued at $10,272,572. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Wallington Asset Management LLC grew its stake in shares of Union Pacific Corporation by 0.3% in the second quarter. Wallington Asset Management LLC now owns 88,899 shares of the railroad operator’s stock valued at $9,682,000 after buying an additional 280 shares in the last quarter. Genesee Valley Trust Co. grew its stake in shares of Union Pacific Corporation by 21.5% in the first quarter. Genesee Valley Trust Co. now owns 9,725 shares of the railroad operator’s stock valued at $1,030,000 after buying an additional 1,724 shares in the last quarter. Boston Advisors LLC grew its stake in shares of Union Pacific Corporation by 19.6% in the second quarter. Boston Advisors LLC now owns 446,672 shares of the railroad operator’s stock valued at $48,647,000 after buying an additional 73,268 shares in the last quarter. United Bank Inc. grew its stake in shares of Union Pacific Corporation by 8.4% in the first quarter. United Bank Inc. now owns 44,499 shares of the railroad operator’s stock valued at $4,713,000 after buying an additional 3,444 shares in the last quarter. Finally, British Columbia Investment Management Corp grew its stake in shares of Union Pacific Corporation by 5.9% in the first quarter. British Columbia Investment Management Corp now owns 535,806 shares of the railroad operator’s stock valued at $56,753,000 after buying an additional 29,645 shares in the last quarter. Institutional investors and hedge funds own 78.56% 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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