Union Pacific Corp. (NYSE:UNP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm currently has a $109.00 target price on the railroad operator’s stock. Zacks Investment Research’s price objective would suggest a potential upside of 10.61% from the stock’s previous close.
According to Zacks, “We are impressed with Union Pacific’s efforts to reward its investors through share buybacks and dividend payments. The company has an impressive history of making dividend payments for 117 consecutive years. The announcement for the latest quarterly installment of $0.55 per share was made in late July. Apart from dividend payouts, we are encouraged by the company's prudent cost management. Operating expenses declined 11% in the second quarter. Lower costs are expected to drive the bottom line in the third quarter as well, detailed results of which will be declared on Oct 20. The Zacks Consensus Estimate has inched up almost 1% to $1.38 per share over the last 30 days. The company is on track to achieve its operating ratio guidance of around 60% by 2019. However, the company continues to struggle due to coal-related headwinds. Also, the opening of the expanded Panama Canal, earlier this year, may hurt the company’s business.”
A number of other research analysts have also issued reports on UNP. Vetr lowered shares of Union Pacific Corp. from a “buy” rating to a “hold” rating and set a $89.24 target price for the company. in a research note on Monday, June 6th. Oppenheimer Holdings Inc. initiated coverage on shares of Union Pacific Corp. in a research note on Wednesday, June 15th. They set a “market perform” rating for the company. Scotiabank lowered shares of Union Pacific Corp. from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $93.00 to $88.00 in a research note on Monday, June 20th. Howard Weil lowered shares of Union Pacific Corp. to a “sector perform” rating in a research note on Tuesday, June 21st. Finally, BMO Capital Markets reissued an “outperform” rating and set a $100.00 target price on shares of Union Pacific Corp. in a research note on Thursday, July 7th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $96.12.
Shares of Union Pacific Corp. (NYSE:UNP) opened at 98.54 on Tuesday. The stock has a market capitalization of $82.08 billion, a PE ratio of 19.19 and a beta of 0.84. Union Pacific Corp. has a 1-year low of $67.06 and a 1-year high of $98.84. The firm has a 50-day moving average of $95.11 and a 200 day moving average of $88.76.
Union Pacific Corp. (NYSE:UNP) last posted its earnings results on Thursday, July 21st. The railroad operator reported $1.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.17. The firm earned $4.77 billion during the quarter, compared to analyst estimates of $4.80 billion. Union Pacific Corp. had a net margin of 21.48% and a return on equity of 21.29%. Union Pacific Corp.’s revenue was down 12.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.38 EPS. On average, equities analysts anticipate that Union Pacific Corp. will post $5.03 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Monday, August 29th. Union Pacific Corp.’s dividend payout ratio is 42.80%.
In other Union Pacific Corp. news, EVP Robert M. Knight, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $95.24, for a total value of $952,400.00. Following the completion of the sale, the executive vice president now directly owns 150,660 shares of the company’s stock, valued at $14,348,858.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert M. Knight, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $97.00, for a total transaction of $485,000.00. Following the completion of the sale, the executive vice president now directly owns 150,660 shares of the company’s stock, valued at $14,614,020. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. West Oak Capital LLC increased its stake in Union Pacific Corp. by 6.2% in the third quarter. West Oak Capital LLC now owns 1,094 shares of the railroad operator’s stock valued at $107,000 after buying an additional 64 shares in the last quarter. Lenox Wealth Advisors Inc. increased its stake in Union Pacific Corp. by 4.9% in the third quarter. Lenox Wealth Advisors Inc. now owns 1,167 shares of the railroad operator’s stock valued at $114,000 after buying an additional 55 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Union Pacific Corp. during the second quarter valued at approximately $108,000. Tradewinds Capital Management LLC increased its stake in Union Pacific Corp. by 22.4% in the second quarter. Tradewinds Capital Management LLC now owns 1,364 shares of the railroad operator’s stock valued at $119,000 after buying an additional 250 shares in the last quarter. Finally, Community Bank N.A. increased its stake in Union Pacific Corp. by 41.9% in the second quarter. Community Bank N.A. now owns 1,422 shares of the railroad operator’s stock valued at $124,000 after buying an additional 420 shares in the last quarter. 78.14% of the stock is owned by institutional investors.
Union Pacific Corp. Company Profile
Union Pacific Corporation operates through its principal operating company, Union Pacific Railroad Company. Union Pacific Railroad Company links approximately 20 states in the western two-thirds of the country by rail, providing link in the supply chain. The Company’s business mix includes agricultural products, automotive, chemicals, coal, industrial products and intermodal.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Union Pacific Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific Corp. and related companies with MarketBeat.com's FREE daily email newsletter.