Wells Fargo analyst Christian Wetherbee maintains $Union Pacific (UNP.US)$ with a buy rating, and maintains the target price at $255.
According to TipRanks data, the analyst has a success rate of 59.4% and a total average return of 13.0% 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 expectations, which has led to a decline in share price performance. Despite this, there remains enduring value in the stock.
The company's quarterly performance continues to experience the effects of strong Intermodal growth, with International volumes that have lower rates seeing a 33% increase compared to the same quarter last year. The CFO's aim for the fourth quarter is to achieve results that align with those of the third quarter, a goal that includes aspects like revenue, operating income, operating ratio, and earnings per share. This expectation has prompted a revision in the fourth-quarter revenue growth forecast to 0.7% year-over-year from the previous 1.6%.
Union Pacific's third quarter performance aligned with expectations but was marginally below the consensus, and the guidance for the fourth quarter was approximately 5% lower than the market forecast.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
