Union Pacific Corporation (NYSE:UNP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday, November 2nd.
According to Zacks, “Shares of Union Pacific have outperformed its industry as well as fellow railroad operator Kansas City Southern over the last three months. While the company gained 14.1%, the industry it belongs to and Kansas City Southern have rallied 8.2% and 3.3%, respectively, in the same period. Ushering in further good news, Union Pacific reported better-than-expected earnings per share and revenues in the third quarter of 2017. Results were aided by strong performances of the company's intermodal and industrial products units. We are impressed by the company's efforts to cut costs to drive its bottom line as well. Efforts to reward investors also raise optimism in the stock. However, declining coal revenues in the third quarter raise concerns. Automotive volumes also decreased due to sluggish vehicle production in the United States.”
Several other research analysts have also recently issued reports on the company. Citigroup Inc. reaffirmed a “buy” rating and issued a $120.00 price target on shares of Union Pacific Corporation in a report on Monday, July 10th. 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 report on Monday, July 10th. Aegis cut Union Pacific Corporation from a “buy” rating to a “hold” rating and upped their price target for the company from $120.00 to $122.00 in a report on Tuesday, October 10th. Off Wall Street initiated coverage on shares of Union Pacific Corporation in a research note on Tuesday, October 17th. They set a “sell” rating on the stock. Finally, BMO Capital Markets boosted their target price on shares of Union Pacific Corporation from $123.00 to $127.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $117.59.
Union Pacific Corporation (NYSE:UNP) opened at $116.23 on Thursday. The stock has a market capitalization of $91,350.00, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 1.89 and a beta of 0.87. Union Pacific Corporation has a twelve month low of $97.48 and a twelve month high of $119.71. 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 Corporation (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.01. The company had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.32 billion. Union Pacific Corporation had a return on equity of 23.35% and a net margin of 21.84%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 earnings per share. equities research analysts forecast that Union Pacific Corporation will post 5.78 EPS for the current fiscal year.
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A number of large investors have recently modified their holdings of the stock. Pathstone Family Office LLC boosted its holdings in Union Pacific Corporation by 41.3% during the second quarter. Pathstone Family Office LLC now owns 178 shares of the railroad operator’s stock valued at $2,304,000 after acquiring an additional 52 shares during the period. Advantage Investment Management LLC boosted its holdings in Union Pacific Corporation by 263.7% during the first quarter. Advantage Investment Management LLC now owns 953 shares of the railroad operator’s stock valued at $101,000 after acquiring an additional 691 shares during the period. Mark Sheptoff Financial Planning LLC boosted its holdings in Union Pacific Corporation by 96.3% during the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,021 shares of the railroad operator’s stock valued at $108,000 after acquiring an additional 501 shares during the period. Proficio Capital Partners LLC boosted its holdings in Union Pacific Corporation by 36.3% during the first quarter. Proficio Capital Partners LLC now owns 1,028 shares of the railroad operator’s stock valued at $111,000 after acquiring an additional 274 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in Union Pacific Corporation by 46.6% during 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 acquiring an additional 340 shares during the period. Hedge funds and other institutional investors own 79.66% of the company’s stock.
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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