Evercore analyst Jonathan Chappell downgrades $Union Pacific (UNP.US)$ to a hold rating, and adjusts the target price from $254 to $245.
According to TipRanks data, the analyst has a success rate of 64.3% and a total average return of 18.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Union Pacific (UNP.US)$'s main analysts recently are as follows:
The company's Q4 outlook fell short of consensus, leading to a decline in share performance. Despite this, the stock is still considered to hold long-term value.
Union Pacific continues to experience robust growth in Intermodal segments, with a notable 33% year-over-year increase in lower rated International volumes during Q3. The company's CFO indicated aspirations for Q4 results to align with those of Q3, a statement which applies to a range of financial metrics including revenue, operating income, operating ratio, and earnings per share. This statement has influenced the decision to adjust the Q4 revenue growth forecast to 0.7% year-over-year.
Union Pacific's third quarter performance aligned with expectations but was marginally below the general consensus. Additionally, the fourth quarter guidance was estimated to be 5% less than the market predictions.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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