Union Pacific Corporation (UNP) Cut to Equal Weight at Morgan Stanley
Union Pacific Corporation (NYSE:UNP) was downgraded by equities researchers at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Monday. They currently have a $100.00 price objective on the railroad operator’s stock, down from their previous price objective of $102.00. Morgan Stanley’s target price suggests a potential downside of 13.77% from the company’s previous close.
UNP has been the subject of a number of other reports. BMO Capital Markets reissued a “buy” rating and issued a $123.00 price target on shares of Union Pacific Corporation in a report on Friday, August 11th. Wolfe Research downgraded shares of Union Pacific Corporation from an “outperform” rating to a “market perform” rating in a report on Monday, August 7th. BidaskClub upgraded shares of Union Pacific Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, August 18th. Stifel Nicolaus reaffirmed a “hold” rating and set a $118.00 price objective (up previously from $112.00) on shares of Union Pacific Corporation in a research report on Monday, July 24th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $115.00 price objective on shares of Union Pacific Corporation in a research report on Friday, August 25th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $113.26.
Shares of Union Pacific Corporation (NYSE:UNP) opened at 115.97 on Monday. Union Pacific Corporation has a 52 week low of $87.06 and a 52 week high of $116.93. The stock has a 50 day moving average of $105.56 and a 200-day moving average of $107.35. The firm has a market cap of $92.82 billion, a price-to-earnings ratio of 21.03 and a beta of 0.84.
Union Pacific Corporation (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same period in the previous year, the company earned $1.17 earnings per share. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. Equities research analysts expect that Union Pacific Corporation will post $5.78 earnings per share for the current year.
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In other news, EVP Cameron A. Scott sold 17,604 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 95,470 shares of the company’s stock, valued at approximately $10,272,572. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its position in Union Pacific Corporation by 84.6% in the 2nd quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock valued at $1,045,870,000 after purchasing an additional 4,399,980 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Union Pacific Corporation by 990.5% in the second quarter. Janus Henderson Group PLC now owns 2,243,574 shares of the railroad operator’s stock worth $244,339,000 after purchasing an additional 2,037,834 shares in the last quarter. Voya Investment Management LLC boosted its stake in Union Pacific Corporation by 88.7% in the second quarter. Voya Investment Management LLC now owns 4,060,423 shares of the railroad operator’s stock worth $442,221,000 after purchasing an additional 1,908,175 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Union Pacific Corporation by 59.3% during the second quarter. Ameriprise Financial Inc. now owns 4,773,609 shares of the railroad operator’s stock worth $519,785,000 after purchasing an additional 1,776,644 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Union Pacific Corporation by 290.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,187,401 shares of the railroad operator’s stock worth $238,230,000 after purchasing an additional 1,627,453 shares during the last quarter. Institutional investors and hedge funds own 78.38% 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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