Union Pacific (UNP) Lifted to Buy at Zacks Investment Research
Union Pacific (NYSE:UNP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Monday. The firm currently has a $157.00 price target on the railroad operator’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 11.90% from the stock’s current price.
According to Zacks, “Shares of Union Pacific have outperformed its industry as well as fellow railroad operator Norfolk Southern Corporation over the last six months. While Union Pacific has gained 29.5%, the industry it belongs to and Norfolk Southern have rallied 15.5% and 25%, respectively, in the same time period. We expect volume growth to aid Union Pacific's results in the fourth quarter of 2017. Key segments like intermodal and chemicals should drive growth. Detailed results should be out on Jan 25. The company's efforts to reward shareholders through share buybacks and dividend payouts are also impressive. Its efforts to cut costs to drive its bottom line are encouraging too. The positive sentiment surrounding the stock can be made out from the fact that the Zacks Consensus Estimate for fourth-quarter earnings has been revised 0.7% upward over the last 60 days. However, declining automotive volumes and high debt levels are concerning.”
Several other analysts also recently issued reports on the company. Daiwa Capital Markets raised Union Pacific from a “hold” rating to an “outperform” rating in a report on Thursday, January 11th. Scotiabank set a $150.00 price target on Union Pacific and gave the stock a “hold” rating in a report on Thursday, January 11th. JPMorgan Chase & Co. raised their price target on Union Pacific from $106.00 to $113.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. BMO Capital Markets reissued a “buy” rating on shares of Union Pacific in a report on Friday, October 20th. Finally, Argus raised their price target on Union Pacific from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the company. Union Pacific currently has an average rating of “Hold” and a consensus price target of $124.00.
Union Pacific (UNP) opened at $140.31 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 0.83. Union Pacific has a 1-year low of $101.06 and a 1-year high of $142.19. The company has a market capitalization of $110,450.00, a P/E ratio of 24.83, a price-to-earnings-growth ratio of 1.90 and a beta of 0.90.
Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 26th. The railroad operator reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.01. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. The company had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter last year, the business posted $1.36 EPS. Union Pacific’s quarterly revenue was up 4.5% compared to the same quarter last year. sell-side analysts expect that Union Pacific will post 5.79 earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Gainplan LLC increased its position in Union Pacific by 0.6% in the 2nd quarter. Gainplan LLC now owns 2,230 shares of the railroad operator’s stock valued at $243,000 after acquiring an additional 13 shares during the period. Advisors Management Group Inc. ADV increased its position in Union Pacific by 0.5% in the 2nd quarter. Advisors Management Group Inc. ADV now owns 3,330 shares of the railroad operator’s stock valued at $363,000 after acquiring an additional 17 shares during the period. Highland Private Wealth Management increased its position in Union Pacific by 0.9% in the 2nd quarter. Highland Private Wealth Management now owns 1,996 shares of the railroad operator’s stock valued at $217,000 after acquiring an additional 18 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in shares of Union Pacific by 0.3% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 6,579 shares of the railroad operator’s stock valued at $716,000 after purchasing an additional 20 shares during the period. Finally, Janney Capital Management LLC increased its position in shares of Union Pacific by 1.1% during the 2nd quarter. Janney Capital Management LLC now owns 2,158 shares of the railroad operator’s stock valued at $235,000 after purchasing an additional 24 shares during the period. Hedge funds and other institutional investors own 78.47% of the company’s stock.
Union Pacific 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Union Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific and related companies with MarketBeat.com's FREE daily email newsletter.