Union Pacific (NYSE:UNP) Stock Rating Lowered by Evercore ISI

by · The Markets Daily

Union Pacific (NYSE:UNP – Get Free Report) was downgraded by research analysts at Evercore ISI from an “outperform” rating to an “inline” rating in a research note issued on Wednesday, Marketbeat Ratings reports. They currently have a $247.00 target price on the railroad operator’s stock, down from their prior target price of $254.00. Evercore ISI’s price objective would suggest a potential upside of 1.55% from the stock’s current price.

Several other equities analysts have also recently issued reports on UNP. Daiwa America cut Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Loop Capital cut shares of Union Pacific from a “buy” rating to a “hold” rating and reduced their target price for the stock from $276.00 to $238.00 in a research note on Monday, June 17th. TD Cowen dropped their price target on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Sanford C. Bernstein reduced their price objective on shares of Union Pacific from $290.00 to $273.00 and set an “outperform” rating for the company in a research report on Monday, July 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $275.00 target price on shares of Union Pacific in a research report on Friday, September 20th. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and a consensus price target of $258.11.

Read Our Latest Stock Analysis on Union Pacific

Union Pacific Stock Down 0.9 %

UNP stock opened at $243.23 on Wednesday. Union Pacific has a twelve month low of $199.33 and a twelve month high of $258.66. The stock has a market cap of $148.18 billion, a P/E ratio of 23.28, a PEG ratio of 2.26 and a beta of 1.05. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. The company’s 50 day moving average is $245.76 and its two-hundred day moving average is $238.98.

Union Pacific (NYSE:UNP – Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.03. The company had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $6.05 billion. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.57 earnings per share. Research analysts expect that Union Pacific will post 11.11 earnings per share for the current fiscal year.

Insider Transactions at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following the sale, the president now directly owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its holdings in shares of Union Pacific by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock worth $1,880,701,000 after purchasing an additional 106,996 shares during the period. Capital Research Global Investors raised its holdings in Union Pacific by 7.6% in the first quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock valued at $1,812,689,000 after buying an additional 518,985 shares during the period. Legal & General Group Plc lifted its position in Union Pacific by 2.1% during the second quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator’s stock valued at $1,350,924,000 after buying an additional 124,571 shares in the last quarter. Fisher Asset Management LLC grew its stake in Union Pacific by 2.0% during the fourth quarter. Fisher Asset Management LLC now owns 5,856,266 shares of the railroad operator’s stock worth $1,438,417,000 after buying an additional 113,946 shares during the period. Finally, Clearbridge Investments LLC increased its position in shares of Union Pacific by 5.7% in the first quarter. Clearbridge Investments LLC now owns 4,396,974 shares of the railroad operator’s stock worth $1,081,348,000 after acquiring an additional 237,083 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

About Union Pacific

(Get Free Report)

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.

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