Wolfe Research Downgrades Union Pacific Corporation (UNP) to Market Perform

Wolfe Research cut shares of Union Pacific Corporation (NYSE:UNP) from an outperform rating to a market perform rating in a research report sent to investors on Monday, August 7th.

UNP has been the topic of several other research reports. BidaskClub downgraded Union Pacific Corporation from a sell rating to a strong sell rating in a research note on Thursday, August 3rd. BMO Capital Markets reissued a buy rating and issued a $123.00 price target on shares of Union Pacific Corporation in a research note on Friday, June 2nd. Zacks Investment Research downgraded Union Pacific Corporation from a buy rating to a hold rating in a research note on Monday, July 24th. Citigroup Inc. reissued a buy rating and issued a $120.00 price target on shares of Union Pacific Corporation in a research note on Monday, July 10th. Finally, Cowen and Company lifted their price target 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. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. Union Pacific Corporation currently has a consensus rating of Hold and a consensus target price of $112.21.

Union Pacific Corporation (NYSE:UNP) opened at 103.90 on Monday. The firm has a 50-day moving average price of $105.52 and a 200-day moving average price of $107.56. The stock has a market cap of $83.16 billion, a P/E ratio of 18.84 and a beta of 0.81. Union Pacific Corporation has a 52 week low of $87.06 and a 52 week high of $115.15.

Union Pacific Corporation (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter last year, the business posted $1.17 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. On average, equities research analysts predict that Union Pacific Corporation will post $5.79 EPS for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be given a $0.605 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $2.42 dividend on an annualized basis and a dividend yield of 2.33%. Union Pacific Corporation’s payout ratio is 43.84%.

In other news, EVP Cameron A. Scott sold 17,604 shares of Union Pacific Corporation stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $107.60, for a total value of $1,894,190.40. Following the completion of the sale, the executive vice president now directly owns 95,470 shares in the company, valued at $10,272,572. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in UNP. Chevy Chase Trust Holdings Inc. increased its position in shares of Union Pacific Corporation by 1.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 723,420 shares of the railroad operator’s stock valued at $76,625,000 after buying an additional 12,776 shares in the last quarter. First Financial Bank N.A. Trust Division increased its position in shares of Union Pacific Corporation by 10.3% in the first quarter. First Financial Bank N.A. Trust Division now owns 3,846 shares of the railroad operator’s stock valued at $407,000 after buying an additional 358 shares in the last quarter. Beacon Financial Group increased its position in shares of Union Pacific Corporation by 15.3% in the first quarter. Beacon Financial Group now owns 15,565 shares of the railroad operator’s stock valued at $1,664,000 after buying an additional 2,064 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Union Pacific Corporation by 7.7% in the fourth quarter. Macquarie Group Ltd. now owns 427,345 shares of the railroad operator’s stock valued at $44,307,000 after buying an additional 30,490 shares in the last quarter. Finally, Philadelphia Trust Co. increased its position in shares of Union Pacific Corporation by 3.0% in the fourth quarter. Philadelphia Trust Co. now owns 3,434 shares of the railroad operator’s stock valued at $356,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 79.94% 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.

Analyst Recommendations for Union Pacific Corporation (NYSE:UNP)

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