Union Pacific Corporation (UNP) Downgraded by Citigroup Inc.
Union Pacific Corporation (NYSE:UNP) was downgraded by research analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a note issued to investors on Wednesday.
Several other research firms have also recently commented on UNP. Morgan Stanley restated an “overweight” rating and set a $102.00 price target (up from $100.00) on shares of Union Pacific Corporation in a report on Monday, July 10th. Zacks Investment Research upgraded shares of Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a research note on Thursday, July 13th. Deutsche Bank AG lowered shares of Union Pacific Corporation from a “buy” rating to a “hold” rating and dropped their price objective for the company from $132.00 to $110.00 in a research note on Friday, July 21st. Stifel Nicolaus reiterated a “hold” rating and issued a $118.00 target price (up previously from $112.00) on shares of Union Pacific Corporation in a research report on Monday, July 24th. Finally, BidaskClub downgraded shares of Union Pacific Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $113.26.
Union Pacific Corporation (NYSE UNP) opened at 114.89 on Wednesday. The firm’s 50-day moving average is $109.16 and its 200-day moving average is $108.01. Union Pacific Corporation has a 1-year low of $87.06 and a 1-year high of $116.93. The stock has a market cap of $91.96 billion, a P/E ratio of 20.84 and a beta of 0.84.
Union Pacific Corporation (NYSE:UNP) last released its earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.06. The company had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.17 EPS. On average, analysts forecast that Union Pacific Corporation will post $5.78 EPS for the current year.
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 shares were sold at an average price of $107.60, for a total transaction of $1,894,190.40. Following the completion of the transaction, the executive vice president now owns 95,470 shares of the company’s stock, valued at approximately $10,272,572. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.
Several large investors have recently modified their holdings of UNP. Waldron LP boosted its stake in Union Pacific Corporation by 52.7% during the 1st quarter. Waldron LP now owns 3,920 shares of the railroad operator’s stock valued at $406,000 after purchasing an additional 1,353 shares during the period. Kanawha Capital Management LLC grew its holdings in Union Pacific Corporation by 7.7% in the 1st quarter. Kanawha Capital Management LLC now owns 2,509 shares of the railroad operator’s stock valued at $266,000 after buying an additional 180 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Union Pacific Corporation by 33.2% in the 1st quarter. Russell Investments Group Ltd. now owns 1,521,475 shares of the railroad operator’s stock valued at $161,139,000 after buying an additional 379,592 shares during the last quarter. First Midwest Bank Trust Division increased its position in Union Pacific Corporation by 4.0% in the 1st quarter. First Midwest Bank Trust Division now owns 6,535 shares of the railroad operator’s stock worth $692,000 after buying an additional 250 shares during the period. Finally, Breton Hill Capital Ltd. bought a new position in Union Pacific Corporation in the 1st quarter worth approximately $307,000. 78.38% of the stock is currently owned by institutional investors.
About Union Pacific Corporation
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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