Union Pacific Corporation (UNP) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Union Pacific Corporation (NYSE:UNP) from a hold rating to a buy rating in a research note released on Wednesday. The firm currently has $130.00 price objective on the railroad operator’s stock.

According to Zacks, “Shares of Union Pacific have outperformed its industry as well as fellow railroad operator Kansas City Southern over the last three months. While the company gained 13.2%, the industry it belongs to and Kansas City Southern have rallied 8.3% and 2.1%, respectively, in the same period. Ushering in further good news, Union Pacific reported better-than-expected earnings per share and revenues in the third quarter of 2017. Results were aided by strong performances of the company's intermodal and industrial products units. We are impressed by the company's efforts to cut costs to drive its bottom line as well. Efforts to reward investors also raise optimism in the stock. However, declining coal revenues in the third quarter raise concerns. Automotive volumes also decreased due to sluggish vehicle production in the United States.”

A number of other research analysts have also recently issued reports on the company. Argus lifted their target price on Union Pacific Corporation from $125.00 to $130.00 and gave the company a buy rating in a research report on Tuesday. Morgan Stanley lifted their target price on Union Pacific Corporation from $100.00 to $104.00 and gave the company an equal weight rating in a research report on Tuesday. Loop Capital lifted their target price on Union Pacific Corporation from $118.00 to $120.00 and gave the company a hold rating in a research report on Monday. UBS AG lifted their target price on Union Pacific Corporation from $115.00 to $126.00 and gave the company a neutral rating in a research report on Friday, October 27th. Finally, BMO Capital Markets lifted their target price on Union Pacific Corporation from $123.00 to $127.00 and gave the company an outperform rating in a research report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. Union Pacific Corporation has an average rating of Hold and a consensus price target of $117.88.

Union Pacific Corporation (NYSE:UNP) last released its earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.01. Union Pacific Corporation had a return on equity of 23.35% and a net margin of 21.84%. The firm had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter in the previous year, the business posted $1.36 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis.

COPYRIGHT VIOLATION WARNING: “Union Pacific Corporation (UNP) Upgraded to Buy at Zacks Investment Research” was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.com-unik.info/2017/11/02/union-pacific-corporation-unp-upgraded-to-buy-at-zacks-investment-research.html.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted 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 valued at $6,698,588,000 after buying an additional 1,146,109 shares during the period. BlackRock Inc. lifted 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 valued at $5,528,796,000 after buying an additional 141,521 shares during the period. State Street Corp lifted 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 valued at $3,673,956,000 after buying an additional 127,803 shares during the period. FMR LLC lifted 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 valued at $1,045,870,000 after buying an additional 4,399,980 shares during the period. Finally, TIAA CREF Investment Management LLC lifted 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 valued at $865,659,000 after buying an additional 46,298 shares during the period. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Union Pacific Corporation (NYSE:UNP)

What are top analysts saying about Union Pacific Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Union Pacific Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit