Evercore ISI has revised its price target for Union Pacific (UNP, Financial), bringing it down from $253 to $233 while maintaining an In Line rating for the company's shares. This adjustment follows Union Pacific's recent earnings report for the first quarter, where the company reported an earnings per share (EPS) of $2.70. This result narrowly surpassed Evercore's estimate but missed the average market forecast of $2.74.
The company faced challenges due to less favorable fuel surcharge comparisons and a reduction in operating days, which collectively impacted the EPS by 19 cents. Additionally, these issues affected Union Pacific's operating ratio, increasing it by 90 basis points. This outcome was below both Evercore's expectations and the broader market consensus, underperforming by 20 to 30 basis points.
The combination of these factors has led to cautious sentiment, prompting Evercore to lower its price target while acknowledging the persistent operational challenges Union Pacific is encountering.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 27 analysts, the average target price for Union Pacific Corp (UNP, Financial) is $254.23 with a high estimate of $285.00 and a low estimate of $200.00. The average target implies an upside of 18.63% from the current price of $214.30. More detailed estimate data can be found on the Union Pacific Corp (UNP) Forecast page.
Based on the consensus recommendation from 31 brokerage firms, Union Pacific Corp's (UNP, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Union Pacific Corp (UNP, Financial) in one year is $245.53, suggesting a upside of 14.57% from the current price of $214.3. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Union Pacific Corp (UNP) Summary page.
