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Union Pacific Corporation (UNP): Why Is The Stock Strong?

Union Pacific Corporation (NYSE:UNP) has a beta value of 1.11 and has seen 0.58 million shares traded in the recent trading session. The company, currently valued at $130.60B, closed the recent trade at $211.82 per share which meant it lost -$1.38 on the day or -0.65% during that session. The UNP stock price is -31.69% off its 52-week high price of $278.94 and 13.28% above the 52-week low of $183.70. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.13 million shares traded. The 3-month trading volume is 3.30 million shares.

The consensus among analysts is that Union Pacific Corporation (UNP) is an Overweight stock at the moment, with a recommendation rating of 2.30. 1 analysts rate the stock as a Sell, while 3 rate it as Overweight. 13 out of 30 have rated it as a Hold, with 13 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $2.87.

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Union Pacific Corporation (NYSE:UNP) trade information

Sporting -0.65% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 11/22/22 when the UNP stock price touched $211.82 or saw a rise of 2.71%. Year-to-date, Union Pacific Corporation shares have moved -15.37%, while the 5-day performance has seen it change 1.21%. Over the past 30 days, the shares of Union Pacific Corporation (NYSE:UNP) have changed 10.19%. Short interest in the company has seen 5.9 million shares shorted with days to cover at 1.78.

Wall Street analysts have a consensus price target for the stock at $216.56, which means that the shares’ value could jump 2.19% from the levels at last check today. The projected low price target is $177.00 while the price target rests at a high of $251.00. In that case, then, we find that the latest price level in today’s session is -18.5% off the targeted high while a plunge would see the stock lose 16.44% from the levels at last check today.

Union Pacific Corporation (UNP) estimates and forecasts

Figures show that Union Pacific Corporation shares have outperformed across the wider relevant industry. The company’s shares have lost -1.79% over the past 6 months, with this year growth rate of 15.78%, compared to 9.80% for the industry. Other than that, the company has, however, increased its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are 7.90% and 4.70% for the next quarter. Revenue growth from the last financial year stood is estimated to be 15.10%.

20 analysts offering their estimates for the company have set an average revenue estimate of $6.4 billion for the current quarter. 9 have an estimated revenue figure of $6.11 billion for the next quarter concluding in Mar 2023. Year-ago sales stood $5.73 billion and $5.69 billion respectively for this quarter and the next, and analysts expect sales will grow by 11.70% for the current quarter and 7.30% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 14.50% over the past 5 years. Earnings growth for 2022 is a modest 26.40% while over the next 5 years, the company’s earnings are expected to increase by 10.95%.

UNP Dividends

Union Pacific Corporation is expected to release its next earnings report between January 18 and January 23 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 5.20 at a share yield of 2.44%. The company’s dividend yield has gone up over the past 12 months.

Union Pacific Corporation (NYSE:UNP)’s Major holders

Insiders own 0.26% of the company shares, while shares held by institutions stand at 81.61% with a share float percentage of 81.82%. Investors are also buoyed by the number of investors in a company, with Union Pacific Corporation having a total of 2,941 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 53.84 million shares worth more than $11.48 billion. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 8.76% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 44.02 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $9.39 billion and represent 7.16% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Jun 29, 2022, the former fund manager holds about 3.01% shares in the company for having 18.49 million shares of worth $3.94 billion while later fund manager owns 13.9 million shares of worth $2.96 billion as of Jun 29, 2022, which makes it owner of about 2.26% of company’s outstanding stock.

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