Union Pacific Corporation (UNP) Downgraded by Aegis
Aegis downgraded shares of Union Pacific Corporation (NYSE:UNP) from a buy rating to a hold rating in a research note published on Tuesday morning. They currently have $122.00 price objective on the railroad operator’s stock, up from their previous price objective of $120.00.
Several other equities research analysts have also recently commented on UNP. Citigroup Inc. reaffirmed a buy rating and issued a $120.00 price target on shares of Union Pacific Corporation in a report on Monday, July 10th. Morgan Stanley reaffirmed an overweight rating and issued a $102.00 price target (up previously from $100.00) on shares of Union Pacific Corporation in a report on Monday, July 10th. Zacks Investment Research raised Union Pacific Corporation from a hold rating to a buy rating and set a $122.00 price target for the company in a report on Thursday, July 13th. Deutsche Bank AG cut Union Pacific Corporation from a buy rating to a hold rating and cut their target price for the stock from $132.00 to $110.00 in a research note on Friday, July 21st. Finally, Stifel Nicolaus reissued a hold rating and set a $118.00 target price (up previously from $112.00) on shares of Union Pacific Corporation in a research note on Monday, July 24th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $113.36.
Union Pacific Corporation (NYSE UNP) opened at 113.69 on Tuesday. Union Pacific Corporation has a 52-week low of $87.06 and a 52-week high of $116.93. The stock’s 50 day moving average price is $110.92 and its 200 day moving average price is $108.43. The company has a market cap of $91.00 billion, a P/E ratio of 20.62 and a beta of 0.84.
Union Pacific Corporation (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, beating the 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 during 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 business’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts expect that Union Pacific Corporation will post $5.76 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, August 31st were issued a $0.605 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $2.42 dividend on an annualized basis and a yield of 2.13%. Union Pacific Corporation’s dividend payout ratio (DPR) is presently 43.84%.
A number of large investors have recently added to or reduced their stakes in UNP. Barings LLC lifted its holdings in Union Pacific Corporation by 357.1% during the 1st quarter. Barings LLC now owns 48,185 shares of the railroad operator’s stock worth $5,104,000 after buying an additional 37,643 shares during the last quarter. Greystone Managed Investments Inc. lifted its holdings in Union Pacific Corporation by 8.9% during the 2nd quarter. Greystone Managed Investments Inc. now owns 84,114 shares of the railroad operator’s stock worth $9,161,000 after buying an additional 6,890 shares during the last quarter. Wallington Asset Management LLC lifted its holdings in Union Pacific Corporation by 0.3% during the 2nd quarter. Wallington Asset Management LLC now owns 88,899 shares of the railroad operator’s stock worth $9,682,000 after buying an additional 280 shares during the last quarter. Boston Advisors LLC lifted its holdings in Union Pacific Corporation by 19.6% during the 2nd quarter. Boston Advisors LLC now owns 446,672 shares of the railroad operator’s stock worth $48,647,000 after buying an additional 73,268 shares during the last quarter. Finally, Genesee Valley Trust Co. lifted its holdings in Union Pacific Corporation by 21.5% during the 1st quarter. Genesee Valley Trust Co. now owns 9,725 shares of the railroad operator’s stock worth $1,030,000 after buying an additional 1,724 shares during the last quarter. Hedge funds and other institutional investors own 78.37% 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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