#1 - Union Pacific Corporation (NYSE:UNP)
Timing and context matter a lot when considering an investment in Union Pacific Corporation (NYSE:UNP). This s the second largest railroad network in the United States spanning nearly 32,000 miles of track. It’s an essential part of the national and global economy. And it’s become even more important as some companies are turning to rail delivery to offset higher fuel costs.
However, if you look at the analysts ratings, you’ll see the stock is trading near its consensus target. I’m not sure if the company’s 16 consecutive years of dividend growth is enough to get me excited. But that’s where timing and context come into play. The company last reported earnings in January. That was before the Russian invasion of Ukraine and before the Fed raised interest rates.
Union Pacific reports first quarter earnings in late April. We expect that the company will be receiving some new upgrades from analysts. And that should provide some upside support for UNP stock.
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)
