Streetbeat News

UNP

Union Pacific Corporation

https://www.up.com

Industry

Railroads

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.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

Union Pacific anticipates muted volume growth in FY24 due to the loss of its international intermodal business, decreased demand for coal, and soft economic conditions.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 12:52 pm

Union Pacific reported Q4 2023 adjusted earnings per share (EPS) of $2.71, surpassing the estimated $2.57. Sales reached $6.20 billion, also beating the expected $6.05 billion.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 12:48 pm

Union Pacific (NYSE:UNP) is expected to release its quarterly earnings report on January 25, 2024, with an estimated EPS of $2.57. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Union Pacific's stock price has been sensitive to earnings performance and guidance rather than just meeting or beating estimates. Last quarter, UNP beat the EPS estimate by $0.07, resulting in a 0.48% stock price increase the following day. Over the past year, UNP shares have risen by 21.25%, trading at $243.33 as of January 23.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 5:01 pm

Over the past 15 years, Union Pacific (NYSE:UNP) has delivered an average annual return of 16.88%, outperforming the market. A $100 investment in UNP 15 years ago would be worth $1,079.06 today. Union Pacific currently has a market cap of $147.94 billion.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 4:02 pm

U.S. stock indexes hit all-time highs with the S&P 500 reaching 4,850 points, Nasdaq 100 at 17,365, and the Dow Jones briefly touching 38,000. Small caps outperformed, with the iShares Russell 2000 ETF (IWM) rising 1.7%. Treasury yields eased, benefiting the iShares 20+ Year Treasury Bond ETF (TLT), which rose 0.6%. Gold fell, oil prices soared, and Bitcoin tumbled. SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones (DIA), and Invesco QQQ Trust (QQQ) all rose 0.3%. Industrials Select Sector Fund (XLI) outperformed, while Utilities Select Sector Fund (XLU) lagged. AMD fell after a downgrade, Tesla dropped due to a stalling EV outlook, ADM plummeted amid an investigation, GILD fell after a trial failure, and WDC rose on business separation plans. Key earnings reports are anticipated this week from companies like GE, JNJ, RTX, PG, VZ, LMT, NFLX, TXN, ISRG, and more.

Portfolio Pulse from Piero Cingari

January 22, 2024 | 6:35 pm

Bernstein analyst David Vernon upgraded Union Pacific Corp (UNP) to Outperform with a $280 price target and Norfolk Southern Corp (NSC) to Outperform with a $272 price target, citing a strong intermodal recovery and a positive outlook for the rail industry in FY24. He expects a seasonal uptick in freight demand and a recovery in the Merchandise/Industrial business. Vernon also reiterated a Market-Perform rating on CSX Corp (CSX) with a raised price target of $36, due to a sluggish outlook for FY24 and volatile earnings from met coal.

Portfolio Pulse from Lekha Gupta

January 22, 2024 | 6:09 pm

Bernstein analyst David Vernon upgraded Union Pacific (NYSE:UNP) from Market Perform to Outperform and set a price target of $280.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 10:20 am

As the S&P 500 Index hits new highs, investors are closely monitoring a pivotal week of Q4 earnings reports from major companies. Mixed results have been seen so far, with financial sector companies underperforming. Key reports from Netflix, Intel, and Tesla are anticipated to significantly influence market trends. The SPDR S&P 500 ETF Trust (SPY) also saw an increase, reflecting market optimism.

Portfolio Pulse from Shanthi Rexaline

January 22, 2024 | 10:00 am

Raymond James analyst Patrick Tyler Brown has reaffirmed a Strong Buy rating on Union Pacific (NYSE:UNP) and increased the price target from $240 to $275.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:03 pm

Union Pacific has announced that customers with shipments moving through states affected by operational disruptions should expect delays until the company can restore operations.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 7:11 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.