Cowen & Co. analyst Jason Seidl maintained a Buy rating on Union Pacific (UNP) yesterday and set a price target of $156.00. The company’s shares closed last Monday at $115.59, close to its 52-week low of $105.08.
According to TipRanks.com, Seidl is a 5-star analyst with an average return of 8.3% and a 58.9% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Union Pacific with a $190.13 average price target, representing a 66.4% upside. In a report issued on March 12, Deutsche Bank also maintained a Buy rating on the stock with a $205.00 price target.
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Based on Union Pacific’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.21 billion and net profit of $1.4 billion. In comparison, last year the company earned revenue of $5.76 billion and had a net profit of $1.55 billion.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of UNP in relation to earlier this year.
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Union Pacific Corp. engages in the provision of railroad and freight transportation services. Its principal operating company, Union Pacific Railroad Co., operates as a railroad franchise. The Railroad’s diversified business mix includes agricultural products, automotive, chemicals, coal, industrial products, and intermodal.
