The biggest gainers of the session on the Wall Street include Union Pacific Corporation (NYSE:UNP), which rose 4.22 points or 2.51% to trade at $172.22 as last check. The stock closed last session at $168 and sets an active trading volume day with a reported 1336512 contracts so far this session. UNP shares had a relatively better volume day versus average trading capacity of 3.16 million shares, but with a 0.69 billion float and a -6.61% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for UNP stock indicates that the average analyst price target is $181.08 per share. This means the stock has a potential increase of 5.14% from where the UNP share price has been trading recently which is between $167.15 and $171.07. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $136. Flipping the other side of the coin, an analyst who is fully bullish set a price target as high as $206.
During the recent trading session for Union Pacific Corporation (NYSE:UNP), the company witnessed their stock drop by $-6.02 over a week and tumble down $-5.7 from the price 20 days ago. When compared to their established 52-week high of $180.54, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 01/08/19. The recent low of $128.08 stood for a -4.61% since 12/24/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.08 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to. At the moment, the median target price for UNP is set at $183, a figure which is above the recent 1-year high the stock witnessed.
Looking at the current readings for Union Pacific Corporation, the two-week RSI stands at 49.8. This figure suggests that UNP stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current UNP readings is similarly very revealing as it has a stochastic reading of 18.01% at this stage. This figure means that UNP share price today is being overbought.
Technical chart claims that Union Pacific Corporation (UNP) would settle between $170.33/share to $172.66/share level. However, if the stock price goes below the $166.41 mark, then the market for Union Pacific Corporation becomes much weaker. If that happens, the stock price might even plunge as low as $164.82 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -3.9. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Wells Fargo, assumed coverage of UNP assigning Market Perform rating, according to their opinion released on October 29. BofA/Merrill analysts again handed out a Neutral recommendation to Union Pacific Corporation (NYSE:UNP) stock but they lifted target price for the shares in a flash note issued to investors on October 08. The target price has been raised from $179 to $167. Analysts at Atlantic Equities released an upgrade from Neutral to Overweight for the stock, in a research note that dated back to July 26.
UNP equity has an average rating of 2.42, with the figure leaning towards a bullish end. 25 analysts who tracked the company were contacted by Reuters. Amongst them, 11 rated the stock as a hold while the remaining 14 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 14 analysts rated Union Pacific Corporation (NYSE:UNP) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, UNP stock price is currently trading at 17.45X forward 12-month Consensus EPS estimates, and its P/E ratio is 19.8 while for the average stock in the same group, the multiple is 19.2. Union Pacific Corporation current P/B ratio of 6.5 means it is trading at a premium against its industry’s 4.1.
Union Pacific Corporation (UNP)’s current-quarter revenues are projected to climb by nearly -6.6% to hit $5.38 billion, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over -4.1% from $22.83 billion to a noteworthy $21.9 billion. At the other end of the current quarter income statement, Union Pacific Corporation is expected to see its adjusted earnings surge by roughly 1.9% to hit $2.16 per share. For the fiscal year, UNP’s earnings are projected to climb by roughly 8.3% to hit $8.57 per share.