Union Pacific Corporation (UNP) was Downgraded by UBS to ” Neutral” while Lowering the Price Target of the company shares to $ 88 from a previous price target of $89 . Earlier the firm had a rating of “Buy ” on the company shares. UBS advised their investors in a research report released on Apr 18, 2016.
Many Wall Street Analysts have commented on Union Pacific Corporation. Union Pacific Corporation was Downgraded by Morgan Stanley to ” Equal-Weight” on Feb 23, 2016. Union Pacific Corporation was Upgraded by BofA/Merrill to ” Buy” on Feb 22, 2016. Shares were Reiterated by Argus on Jan 25, 2016 to “Buy” and Lowered the Price Target to $ 80 from a previous price target of $110 .
On the company’s financial health, Union Pacific Corporation reported $1.31 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Jan 21, 2016. Analyst had a consensus of $1.41. The company had revenue of $5208.00 million for the quarter, compared to analysts expectations of $5420.10 million. The company’s revenue was down -15.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.61 EPS.
Union Pacific Corporation closed down -1.11 points or -1.35% at $81.21 with 38,03,987 shares getting traded on Friday. Post opening the session at $82.19, the shares hit an intraday low of $81.02 and an intraday high of $82.42 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Mar 14, 2016, Richards Judith Hope (director) sold 4,000 shares at $81.15 per share price. According to the SEC, on Feb 25, 2016, Andrew H Jr Card (director) purchased 1,000 shares at $78.98 per share price. On Dec 10, 2015, Michael W Mcconnell (director) sold 2,070 shares at $77.51 per share price, according to the Form-4 filing with the securities and exchange commission.
Union Pacific Corporation operates through its principal operating company Union Pacific Railroad Company. The Company is a Class I railroad operating in the United States which has 31974 route miles and maintains coordinated schedules with other rail carriers to move freight. It links 23 states in the western two-thirds of the country by rail providing a supply chain link around the world. Its business mix includes agricultural products automotive chemicals coal industrial products and intermodal. The Company serves United States population centers operates from West Coast and Gulf Coast ports to eastern gateways connects with Canada’s rail systems and serves six Mexico gateways. The Company’s freight traffic consists of bulk manifest and premium business.