BidaskClub Downgrades Union Pacific Corporation (NYSE:UNP) to Sell
BidaskClub downgraded shares of Union Pacific Corporation (NYSE:UNP) from a hold rating to a sell rating in a research note released on Thursday morning.
A number of other equities research analysts have also recently commented on UNP. Citigroup Inc. reissued a buy rating on shares of Union Pacific Corporation in a research note on Thursday, March 30th. BMO Capital Markets reissued a buy rating and issued a $115.00 price objective on shares of Union Pacific Corporation in a research note on Friday, April 7th. Cowen and Company raised their price objective on Union Pacific Corporation from $109.00 to $117.00 and gave the company a market perform rating in a research note on Friday, April 28th. Credit Suisse Group raised their price objective on Union Pacific Corporation from $129.00 to $131.00 and gave the company a buy rating in a research note on Friday, May 26th. Finally, Zacks Investment Research raised Union Pacific Corporation from a hold rating to a buy rating and set a $122.00 price objective for the company in a research note on Tuesday, May 30th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $112.20.
Union Pacific Corporation (NYSE:UNP) traded up 0.29% during trading on Thursday, reaching $103.60. The company’s stock had a trading volume of 360,274 shares. Union Pacific Corporation has a 12 month low of $87.06 and a 12 month high of $115.15. The company’s 50-day moving average is $108.04 and its 200-day moving average is $107.93. The stock has a market cap of $82.92 billion, a PE ratio of 18.79 and a beta of 0.83.
Union Pacific Corporation (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.06. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The firm had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter last year, the firm posted $1.17 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities analysts expect that Union Pacific Corporation will post $5.79 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be paid a $0.605 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.42 annualized dividend and a dividend yield of 2.34%. Union Pacific Corporation’s payout ratio is presently 43.84%.
In other Union Pacific Corporation news, EVP Cameron A. Scott sold 17,604 shares of the business’s stock in a transaction on Friday, July 7th. The stock was sold at an average price of $107.60, for a total value of $1,894,190.40. Following the sale, the executive vice president now directly owns 95,470 shares in the company, valued at $10,272,572. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Shepherd Financial Partners LLC purchased a new stake in shares of Union Pacific Corporation during the fourth quarter valued at about $335,000. United Capital Financial Advisers LLC raised its stake in shares of Union Pacific Corporation by 0.7% in the fourth quarter. United Capital Financial Advisers LLC now owns 225,793 shares of the railroad operator’s stock valued at $23,410,000 after buying an additional 1,653 shares during the last quarter. Cigna Investments Inc. New purchased a new stake in shares of Union Pacific Corporation during the fourth quarter valued at about $3,176,000. Partners Group Holding AG raised its stake in shares of Union Pacific Corporation by 6.1% in the fourth quarter. Partners Group Holding AG now owns 350,550 shares of the railroad operator’s stock valued at $36,345,000 after buying an additional 20,100 shares during the last quarter. Finally, L & S Advisors Inc purchased a new stake in shares of Union Pacific Corporation during the fourth quarter valued at about $414,000. Hedge funds and other institutional investors own 79.97% 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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