Benchmark Co. analyst Nathan Martin reiterated a Buy rating on Union Pacific (UNP – Research Report) today and set a price target of $260.00. The company’s shares closed yesterday at $241.57.
Martin covers the Basic Materials sector, focusing on stocks such as Arch Resources, Ramaco Resources, and Suncoke Energy. According to TipRanks, Martin has an average return of 38.3% and an 82.09% success rate on recommended stocks.
In addition to Benchmark Co., Union Pacific also received a Buy from TD Cowen’s Jason Seidl in a report issued today. However, yesterday, Wells Fargo maintained a Hold rating on Union Pacific (NYSE: UNP).
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Based on Union Pacific’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $5.57 billion and a net profit of $1.57 billion. In comparison, last year the company earned a revenue of $6.27 billion and had a net profit of $1.84 billion
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Union Pacific (UNP) Company Description:
Founded in 1969, Nebraska-based Union Pacific Corp., through its principal subsidiary, Union Pacific Railroad Company, engages in railroad and freight transportation services. It offers transportation services for diversified business including agricultural products, food and beverage products, petroleum and gases, chemicals, coal, industrial products, intermodal and automotive.
Read More on UNP:
- Union Pacific Reports Fourth Quarter and Full Year 2023 Results
- Notable companies reporting before tomorrow’s open
- North American rail traffic down 13.5% for the week ending January 20
- UNP Earnings Report this Week: Is It a Buy, Ahead of Earnings?
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