Union Pacific Corporation (UNP) was Downgraded by Deutsche Bank to ” Hold” and the brokerage firm has set the Price Target at $94. Earlier the firm had a rating of “Buy ” on the company shares. Deutsche Bank advised their investors in a research report released on Jul 20, 2016.
Many Wall Street Analysts have commented on Union Pacific Corporation. Morgan Stanley Upgraded Union Pacific Corporation on Jun 3, 2016 to ” Overweight”, Price Target of the shares are set at $90.Union Pacific Corporation was Initiated by Credit Agricole to “Sell” on May 19, 2016. Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 95 from a previous price target of $90 .
On the company’s financial health, Union Pacific Corporation reported $1.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $1.10. The company had revenue of $4829.00 million for the quarter, compared to analysts expectations of $4887.49 million. The company’s revenue was down -14.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.30 EPS.
Union Pacific Corporation opened for trading at $93.98 and hit $94.361 on the upside on Monday, eventually ending the session at $94.12, with a gain of 0.15% or 0.14 points. The heightened volatility saw the trading volume jump to 27,21,159 shares. Company has a market cap of $79,158 M.
In a different news, on Jun 6, 2016, Diane K Duren (EVP & CORPORATE SECRETARY) sold 2,500 shares at $85.46 per share price. According to the SEC, on Mar 14, 2016, Richards Judith Hope (director) sold 4,000 shares at $81.15 per share price. On Feb 25, 2016, Andrew H Jr Card (director) purchased 1,000 shares at $78.98 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.