In a report released yesterday, David Vernon from Bernstein maintained a Buy rating on Union Pacific (UNP – Research Report), with a price target of $284.00. The company’s shares closed last Friday at $234.40.
According to TipRanks, Vernon is a 4-star analyst with an average return of 5.4% and a 54.21% success rate. Vernon covers the Industrials sector, focusing on stocks such as Canadian Pacific Kansas City, Norfolk Southern, and Canadian National Railway.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Union Pacific with a $261.94 average price target, which is an 11.75% upside from current levels. In a report released on April 11, Goldman Sachs also maintained a Buy rating on the stock with a $274.00 price target.
Based on Union Pacific’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.16 billion and a net profit of $1.65 billion. In comparison, last year the company earned a revenue of $6.18 billion and had a net profit of $1.64 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.
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