UBS Group Upgrades Union Pacific (UNP) to “Buy”
Union Pacific (NYSE:UNP) was upgraded by investment analysts at UBS Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday, 99wallstreet.com reports.
A number of other equities research analysts also recently issued reports on UNP. JPMorgan Chase & Co. lifted their price target on shares of Union Pacific from $106.00 to $113.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Wolfe Research upgraded shares of Union Pacific from a “market perform” rating to an “outperform” rating in a research report on Friday. BMO Capital Markets reiterated a “buy” rating on shares of Union Pacific in a research report on Friday, October 20th. Argus lifted their price target on shares of Union Pacific from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Finally, Morgan Stanley downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $102.00 to $100.00 in a research report on Monday, October 2nd. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $121.21.
Shares of Union Pacific (UNP) traded up $1.91 on Friday, reaching $139.44. The company’s stock had a trading volume of 5,472,300 shares, compared to its average volume of 4,837,980. Union Pacific has a 12 month low of $101.06 and a 12 month high of $139.72. The stock has a market cap of $109,760.00, a price-to-earnings ratio of 24.68, a PEG ratio of 1.97 and a beta of 0.90. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.16 and a quick ratio of 0.97.
Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 26th. The railroad operator reported $1.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.01. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. The company had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same quarter in the previous year, the company earned $1.36 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. equities analysts predict that Union Pacific will post 5.78 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of the stock. Neville Rodie & Shaw Inc. grew its stake in Union Pacific by 2.8% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 60,708 shares of the railroad operator’s stock worth $8,141,000 after acquiring an additional 1,630 shares during the period. Prudential Financial Inc. grew its stake in Union Pacific by 12.2% in the 3rd quarter. Prudential Financial Inc. now owns 2,562,570 shares of the railroad operator’s stock worth $297,180,000 after acquiring an additional 277,810 shares during the period. Atlantic Trust Group LLC grew its stake in Union Pacific by 24.1% in the 3rd quarter. Atlantic Trust Group LLC now owns 1,247,333 shares of the railroad operator’s stock worth $144,653,000 after acquiring an additional 241,920 shares during the period. Parametric Portfolio Associates LLC grew its stake in Union Pacific by 2.0% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,052,576 shares of the railroad operator’s stock worth $238,037,000 after acquiring an additional 39,365 shares during the period. Finally, Affiance Financial LLC purchased a new stake in Union Pacific in the 3rd quarter worth approximately $203,000. Hedge funds and other institutional investors own 78.45% of the company’s stock.
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About Union Pacific
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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