Union Pacific Corporation (NYSE:UNP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
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 14.1%, the industry it belongs to and Kansas City Southern have rallied 8.2% and 3.3%, 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.”
Other equities analysts also recently issued reports about the company. BidaskClub cut Union Pacific Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Morgan Stanley boosted their target price on Union Pacific Corporation from $100.00 to $104.00 and gave the stock an “equal weight” rating in a report on Tuesday. Off Wall Street started coverage on Union Pacific Corporation in a report on Tuesday, October 17th. They set a “sell” rating on the stock. Aegis cut Union Pacific Corporation from a “buy” rating to a “hold” rating and boosted their target price for the stock from $120.00 to $122.00 in a report on Tuesday, October 10th. Finally, BMO Capital Markets reissued a “buy” rating on shares of Union Pacific Corporation in a report on Friday, October 20th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $117.88.
Shares of Union Pacific Corporation (UNP) traded up $0.18 during midday trading on Thursday, hitting $117.18. The stock had a trading volume of 1,891,291 shares, compared to its average volume of 3,330,000. The stock has a market capitalization of $92.24 billion, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 1.92 and a beta of 0.87. Union Pacific Corporation has a twelve month low of $87.88 and a twelve month high of $119.71. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.97 and a current ratio of 1.16.
Union Pacific Corporation (NYSE:UNP) last issued its earnings results on Thursday, October 26th. The railroad operator reported $1.50 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 company had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same period in the previous year, the firm posted $1.36 earnings per share. Union Pacific Corporation’s quarterly revenue was up 4.5% compared to the same quarter last year. research analysts expect that Union Pacific Corporation will post 5.78 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of UNP. Montag A & Associates Inc. boosted its holdings in Union Pacific Corporation by 9.2% in the first quarter. Montag A & Associates Inc. now owns 63,249 shares of the railroad operator’s stock worth $6,699,000 after purchasing an additional 5,336 shares in the last quarter. First Trust Advisors LP lifted its position in Union Pacific Corporation by 5.6% during the 1st quarter. First Trust Advisors LP now owns 376,504 shares of the railroad operator’s stock worth $39,879,000 after acquiring an additional 19,937 shares during the last quarter. American Century Companies Inc. lifted its position in Union Pacific Corporation by 102.4% during the 1st quarter. American Century Companies Inc. now owns 2,450,688 shares of the railroad operator’s stock worth $259,577,000 after acquiring an additional 1,239,636 shares during the last quarter. Investment Management of Virginia LLC lifted its position in Union Pacific Corporation by 2.1% during the 1st quarter. Investment Management of Virginia LLC now owns 13,706 shares of the railroad operator’s stock worth $1,452,000 after acquiring an additional 285 shares during the last quarter. Finally, Genesee Valley Trust Co. lifted its position 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 acquiring an additional 1,724 shares during the last quarter. Hedge funds and other institutional investors own 78.51% 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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