Zacks Investment Research Lowers Union Pacific Corporation (NYSE:UNP) to Hold

Union Pacific Corporation (NYSE:UNP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Monday, July 24th.

According to Zacks, “The improvement in the coal scenario is very encouraging as headwinds pertaining to the commodity were largely responsible for Union Pacific underperforming industry to which it belongs, for the last one year. Overall volumes improved in the second quarter of 2017 driven by a 17% rise in coal volumes.  Coal revenues also rose 25%, aiding the overall top line as the company reported better-than-expected earnings per share and revenues in the second quarter. Union Pacific expects the scenario regarding business volumes to improve further in the second half of the year. Additionally, its 2017 capital plan worth $3.1 billion is also encouraging. However, the company's high debt levels remain a major concern. The company’s outlook on its automotive unit is also concerning. Notably, sluggish auto production is likely to hurt results, going forward.”

UNP has been the subject of several other research reports. Citigroup Inc. reissued a “buy” rating on shares of Union Pacific Corporation in a research report on Thursday, March 30th. BMO Capital Markets reaffirmed a “buy” rating and issued a $123.00 price target on shares of Union Pacific Corporation in a research report on Friday, June 2nd. Cowen and Company lifted their price target on Union Pacific Corporation from $109.00 to $117.00 and gave the stock a “market perform” rating in a research report on Friday, April 28th. Morgan Stanley reaffirmed an “overweight” rating and issued a $102.00 price target (up previously from $100.00) on shares of Union Pacific Corporation in a research report on Monday, July 10th. Finally, Deutsche Bank AG lowered Union Pacific Corporation from a “buy” rating to a “hold” rating and lowered their price target for the stock from $132.00 to $110.00 in a research report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $112.21.

Union Pacific Corporation (UNP) traded up 0.70% on Monday, hitting $103.90. 3,243,552 shares of the stock traded hands. The firm’s 50 day moving average is $105.52 and its 200 day moving average is $107.56. The stock has a market cap of $83.16 billion, a price-to-earnings 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 announced its quarterly earnings data on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, beating the consensus estimate of $1.39 by $0.06. The business had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.19 billion. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 earnings per share. Equities analysts anticipate that Union Pacific Corporation will post $5.79 earnings per share for the current year.

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In related 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Advantage Investment Management LLC boosted its stake in shares of Union Pacific Corporation by 263.7% in the first quarter. Advantage Investment Management LLC now owns 953 shares of the railroad operator’s stock valued at $101,000 after buying an additional 691 shares during the period. Mark Sheptoff Financial Planning LLC boosted its stake in shares of Union Pacific Corporation by 96.3% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,021 shares of the railroad operator’s stock valued at $108,000 after buying an additional 501 shares during the period. Proficio Capital Partners LLC boosted its stake in shares of Union Pacific Corporation by 36.3% in the first quarter. Proficio Capital Partners LLC now owns 1,028 shares of the railroad operator’s stock valued at $111,000 after buying an additional 274 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Union Pacific Corporation by 46.6% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,070 shares of the railroad operator’s stock valued at $117,000 after buying an additional 340 shares during the period. Finally, Cable Hill Partners LLC boosted its stake in shares of Union Pacific Corporation by 6.1% in the first quarter. Cable Hill Partners LLC now owns 1,130 shares of the railroad operator’s stock valued at $119,000 after buying an additional 65 shares during the period. 79.94% of the stock is currently owned by institutional investors.

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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