Union Pacific (NYSE:UNP) Downgrade
Deutsche Bank cut the shares of Union Pacific (NYSE:UNP) from a “Buy” rating to “Hold” rating in a report shared with investors and clients on Friday morning.
The rating downgrade was most probably noticed by stock speculators, as NYSE:UNP is now trading -1.13% lower at $104.94 as of 8:09 AM New York time. Union Pacific’s stock is 0% over the past 200 days. It has underperformed the S&P500, which has increased 6.00% over the same time period.
Out of 25 brokers covering Union Pacific, 19 rate it a Buy, 8 indicate a Hold while 2 suggest a Sell. The highest target is $100 and the lowest is $55 according to Thomson/First Call. The 12-month mean target is $91.36, which means downside potential of 12.94% over the current price.
Trb Advisors Lp had the largest stake with ownership of 15,000 shares as of q2 2015 for 9.77% of the US long stock exposure. Milestone Group Inc. is another bullish investment manager who is owning 539,429 shares of Union Pacific or 7.97% of their US long stock exposure. Further, Partners Group Holding Ag have 7.9% of their US long stock exposure invested in the company for 330,450 shares. The Wisconsin-based fund Skylands Capital Llc revealed it had purchased so far a stake worth about 7.87% of the investment manager’s stock portfolio in Union Pacific. The Oregon-based fund Peregrine Asset Advisers Inc. is also positive about the stock, possessing 515,575 shares or 7.18% of their US long stock exposure.
Union Pacific (NYSE:UNP) Profile
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal.
Union Pacific (NYSE:UNP) traded down -1.13% on 21 July, hitting $104.94. A total of 4.44M shares of the company’s stock traded hands. This is up from average of 3.48M shares. Union Pacific has a 52 week low of $87.06 and a 52 week high of $115.15. The company has a market cap of $83.40B and a P/E ratio of 19.04.
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