Credit Suisse Group AG Reiterates Buy Rating for Union Pacific Corp. (UNP)
Credit Suisse Group AG restated their buy rating on shares of Union Pacific Corp. (NYSE:UNP) in a research note issued to investors on Tuesday morning. They currently have a $106.00 price objective on the railroad operator’s stock.
UNP has been the subject of several other research reports. Vetr cut Union Pacific Corp. from a hold rating to a sell rating and set a $91.00 target price for the company. in a research note on Monday, August 8th. Credit Agricole SA started coverage on Union Pacific Corp. in a report on Thursday, May 19th. They set a sell rating and a $79.00 target price for the company. Oppenheimer Holdings Inc. started coverage on Union Pacific Corp. in a report on Wednesday, June 15th. They set a market perform rating for the company. Loop Capital reaffirmed a hold rating on shares of Union Pacific Corp. in a report on Friday, September 9th. Finally, JPMorgan Chase & Co. reaffirmed a hold rating and set a $94.00 target price on shares of Union Pacific Corp. in a report on Sunday, August 21st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Union Pacific Corp. presently has a consensus rating of Hold and an average price target of $95.62.
Shares of Union Pacific Corp. (NYSE:UNP) opened at 92.38 on Tuesday. The stock has a market cap of $76.94 billion, a PE ratio of 17.99 and a beta of 0.92. The stock’s 50 day moving average price is $94.09 and its 200-day moving average price is $87.14. Union Pacific Corp. has a one year low of $67.06 and a one year high of $98.28.
Union Pacific Corp. (NYSE:UNP) last announced its earnings results on Thursday, July 21st. The railroad operator reported $1.17 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.17. Union Pacific Corp. had a return on equity of 21.29% and a net margin of 21.48%. The business earned $4.77 billion during the quarter, compared to analysts’ expectations of $4.80 billion. During the same quarter last year, the business posted $1.38 earnings per share. The company’s quarterly revenue was down 12.1% on a year-over-year basis. On average, equities analysts predict 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 will be paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Monday, August 29th. Union Pacific Corp.’s dividend payout ratio (DPR) is currently 42.80%.
In other Union Pacific Corp. news, EVP Robert M. Knight, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The stock was 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 owns 150,660 shares in the company, valued at approximately $14,348,858.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert M. Knight, Jr. sold 5,000 shares of the firm’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 value of $485,000.00. Following the completion of the sale, the executive vice president now owns 150,660 shares of the company’s stock, valued at approximately $14,614,020. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Williams Jones & Associates LLC increased its stake in shares of Union Pacific Corp. by 80.4% in the second quarter. Williams Jones & Associates LLC now owns 22,835 shares of the railroad operator’s stock worth $1,992,000 after buying an additional 10,175 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Union Pacific Corp. during the second quarter worth approximately $2,963,000. Kentucky Retirement Systems purchased a new stake in shares of Union Pacific Corp. during the second quarter worth approximately $6,240,000. KAMES CAPITAL plc increased its stake in shares of Union Pacific Corp. by 3.6% in the second quarter. KAMES CAPITAL plc now owns 248,006 shares of the railroad operator’s stock worth $21,641,000 after buying an additional 8,718 shares in the last quarter. Finally, Mason Street Advisors LLC purchased a new stake in shares of Union Pacific Corp. during the second quarter worth approximately $9,884,000. Institutional investors own 78.12% of the company’s stock.
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.
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