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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers. As of December 31, 2021, its rail network included 32,452 route miles connecting Pacific Coast and Gulf Coast ports with the Midwest and Eastern United States gateways. The company was founded in 1862 and is headquartered in Omaha, Nebraska.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on UNP. Deutsche Bank Aktiengesellschaft dropped their target price on Union Pacific from $260.00 to $232.00 in a report on Friday, July 22nd. Raymond James cut their price objective on Union Pacific from $285.00 to $250.00 and set a "strong-buy" rating for the company in a report on Friday, July 8th. Morgan Stanley lowered their target price on shares of Union Pacific from $210.00 to $207.00 and set an "equal weight" rating on the stock in a report on Friday, July 22nd. Citigroup cut shares of Union Pacific from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $287.00 to $235.00 in a research note on Thursday, May 19th. Finally, StockNews.com cut shares of Union Pacific from a "buy" rating to a "hold" rating in a research note on Saturday, August 6th. Twelve analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Union Pacific currently has a consensus rating of "Hold" and an average price target of $248.36.
Union Pacific Trading Up 0.3 %
Union Pacific stock traded up $0.70 during trading hours on Friday, reaching $239.95. 2,186,839 shares of the company's stock traded hands, compared to its average volume of 2,427,225. Union Pacific has a fifty-two week low of $195.68 and a fifty-two week high of $278.94. The firm's 50 day moving average is $216.65 and its 200-day moving average is $234.59. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.53 and a current ratio of 0.66. The firm has a market capitalization of $149.84 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 2.07 and a beta of 1.15.
Union Pacific (NYSE:UNP - Get Rating) last announced its quarterly earnings data on Thursday, July 21st. The railroad operator reported $2.93 earnings per share for the quarter, meeting the consensus estimate of $2.93. The business had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.11 billion. Union Pacific had a net margin of 29.23% and a return on equity of 52.00%. Union Pacific's revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.72 earnings per share. On average, analysts predict that Union Pacific will post 11.58 earnings per share for the current year.
Union Pacific Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, August 31st will be issued a $1.30 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $5.20 dividend on an annualized basis and a yield of 2.17%. Union Pacific's dividend payout ratio is presently 48.46%.