#5 - Union Pacific (NYSE:UNP)
Railroads will play a key role in managing any supply chain disruptions and Union Pacific Corp. (NYSE: UNP) is an obvious choice. The Nebraska-based company owns over 32,000 miles of track covering 23 states. However, a key reason that Union Pacific stands to benefit from a port strike is the intermodal nature of its business. That simply means that the company offers its customers multiple options for moving their cargo.
This was evident in 2020 and 2021 as the company’s trucking business wasn’t sufficient to handle the volume of business coming into the ports. This is a different problem, but the company is well positioned to manage the problem through rail and trucking solutions.
UNP stock is down about 0.5% in 2024 and has been rangebound for approximately two years. Nevertheless, analysts maintain a Moderate Buy rating on Union Pacific, and several analysts have price targets that are significantly above the consensus price of $258.11.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
Read More - Current Price
- $226.32
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $259.80 (14.8% Upside)
