Noteworthy Price Action: Could Union Pacific Corporation See a Reversal After Breaking Its 52-Week High?

Noteworthy Price Action: Could Union Pacific Corporation See a Reversal After Breaking Its 52 Week High?

The stock of Union Pacific Corporation (NYSE:UNP) hit a new 52-week high and has $123.35 target or 22.00% above today’s $101.11 share price. The 7 months bullish chart indicates low risk for the $84.19 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $123.35 price target is reached, the company will be worth $18.52 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.31M shares traded hands. Union Pacific Corporation (NYSE:UNP) has risen 21.39% since April 19, 2016 and is uptrending. It has outperformed by 17.53% the S&P500.

Union Pacific Corporation (NYSE:UNP) Ratings Coverage

Out of 22 analysts covering Union Pacific Corporation (NYSE:UNP), 13 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 59% are positive. Union Pacific Corporation has been the topic of 48 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Union Pacific Corporation (NYSE:UNP) has “Buy” rating given on Friday, September 11 by Bank of America. Credit Suisse maintained the shares of UNP in a report on Friday, January 22 with “Outperform” rating. Citigroup maintained the stock with “Buy” rating in Tuesday, September 13 report. The stock has “Perform” rating given by Oppenheimer on Thursday, June 16. On Friday, October 2 the stock rating was maintained by Citigroup with “Buy”. The firm has “Outperform” rating given on Friday, October 23 by RBC Capital Markets. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Friday, October 21 report. S&P Research maintained it with “Buy” rating and $112 target price in Friday, October 23 report. The firm earned “Neutral” rating on Friday, December 4 by Bank of America. The company was maintained on Friday, January 22 by Stifel Nicolaus.

According to Zacks Investment Research, “Union Pacific Corp. consists of one reportable segment, rail transportation, and the company’s other product lines. The rail segment includes the operations of the corporation’s wholly owned subsidiary, Union Pacific Railroad Company and Union Pacific Railroad Company’s subsidiaries and rail affiliates. The company’s other operations include the trucking product line, as well as the other product lines that include technology, self-insurance activities, corporate holding company operations, and all appropriate consolidating entries.”

Insitutional Activity: The institutional sentiment increased to 0.87 in 2016 Q2. Its up 0.03, from 0.84 in 2016Q1. The ratio increased, as 81 funds sold all Union Pacific Corporation shares owned while 481 reduced positions. 84 funds bought stakes while 388 increased positions. They now own 620.30 million shares or 4.45% less from 649.16 million shares in 2016Q1.
Folger Nolan Fleming Douglas Capital holds 0.53% or 35,089 shares in its portfolio. Atlanta Capital Grp, a Georgia-based fund reported 17,756 shares. Catawba Capital Mgmt Va accumulated 1.68% or 79,300 shares. Delta Lloyd Nv holds 0.41% of its portfolio in Union Pacific Corporation (NYSE:UNP) for 139,148 shares. The Pennsylvania-based Hudock Llc has invested 0.29% in Union Pacific Corporation (NYSE:UNP). Calamos Advisors Limited Company last reported 486,127 shares in the company. Moreover, Ironsides Asset Advisors Ltd Llc has 0.39% invested in Union Pacific Corporation (NYSE:UNP) for 14,750 shares. Laurion Mgmt L P accumulated 8,600 shares or 0.01% of the stock. City has invested 0.04% of its portfolio in Union Pacific Corporation (NYSE:UNP). Iab Bank & Trust accumulated 0.17% or 3,000 shares. Arizona State Retirement Sys holds 0.25% of its portfolio in Union Pacific Corporation (NYSE:UNP) for 206,324 shares. Stratos Wealth Partners Limited holds 27,773 shares or 0.18% of its portfolio. Seizert Prtnrs Ltd Liability Com reported 218,739 shares or 0.72% of all its holdings. The Maryland-based Spc Finance Incorporated has invested 0.42% in Union Pacific Corporation (NYSE:UNP). Fil accumulated 0.33% or 1.18M shares.

Insider Transactions: Since June 3, 2016, the stock had 0 insider purchases, and 4 sales for $2.29 million net activity. Shares for $213,650 were sold by DUREN DIANE K on Friday, June 3. The insider KNIGHT ROBERT M JR sold 5,000 shares worth $485,000. Scott Cameron A sold $638,285 worth of stock.

More recent Union Pacific Corporation (NYSE:UNP) news were published by: Prnewswire.com which released: “Union Pacific Corporation CFO Rob Knight to Address the Credit Suisse 4th …” on November 21, 2016. Also Fool.com published the news titled: “Falling Freight Demand Derails Union Pacific Corporation Earnings” on October 24, 2016. Prnewswire.com‘s news article titled: “Union Pacific Railroad Applauded for Military-Friendly Efforts” with publication date: November 11, 2016 was also an interesting one.

UNP Company Profile

Union Pacific Corporation, incorporated on February 3, 1969, operates through its principal operating company, Union Pacific Railroad Company. Union Pacific Railroad Company links approximately 20 states in the western two-thirds of the country by rail, providing link in the supply chain. The Company’s business mix includes agricultural products, automotive, chemicals, coal, industrial products and intermodal. The Firm operates from West Coast and Gulf Coast ports to eastern gateways, connects with Canada’s rail systems and serves approximately six Mexico gateways. The Firm is a Class I railroad operating in the United States. The Company’s network includes approximately 32,080 route miles, linking Pacific Coast and Gulf Coast ports with the Midwest and Eastern United States gateways and providing several corridors to Mexican gateways. It owns approximately 26,060 miles and operates on the remainder pursuant to trackage rights or leases. It serves the western two-thirds of the country and maintains coordinated schedules with other rail carriers for the handling of freight to and from the Atlantic Coast, the Pacific Coast, the Southeast, the Southwest, Canada and Mexico. Export and import traffic is moved through Gulf Coast and Pacific Coast ports and across the Mexican and Canadian borders.

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