RBC Capital analyst Walter Spracklin maintains $Union Pacific (UNP.US)$ with a buy rating, and adjusts the target price from $288 to $283.
According to TipRanks data, the analyst has a success rate of 64.4% and a total average return of 16.6% 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 fourth-quarter outlook fell short of the general consensus, which resulted in the shares underperforming. Nonetheless, it is believed that there remains long-term value in the stock.
Union Pacific's recent quarterly financials reflect the effects of strong Intermodal expansion, with a particular emphasis on the 33% year-over-year increase in International volumes during Q3. The company's CFO has indicated an expectation for Q4 outcomes to align with those of Q3, though specifics regarding whether this pertains to revenue, operating income, operating ratio, or earnings per share were not detailed. This statement has prompted a revision in revenue growth projections for Q4 to a 0.7% increase on a year-over-year basis.
Union Pacific's third quarter performance aligned with certain expectations but was marginally below the broader consensus. Furthermore, the guidance provided for the fourth quarter was somewhat lower than anticipated by the market.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
