Forecast Of The Day: Union Pacific’s Bulk Carloads

UNP: Union Pacific logo
Union Pacific


Union Pacific (NYSE:UNP) Bulk Carloads declined from around 2.1 million in 2019 to about 1.9 million in 2020. Trefis expects the metric to recover to about 2 million in 2021 and rise to about 2.06 million in 2022.


Relevant Articles
  1. What’s Happening With Union Pacific Stock?
  2. What To Expect From Union Pacific’s Q2?
  3. Should You Buy Union Pacific Stock At $220?
  4. This Company Is Likely To Offer Better Returns Over Union Pacific Stock
  5. Union Pacific Stock Has More Room For Growth
  6. Union Pacific’s Strong Q4 Will Aid Its Stock Price Growth

While Bulk Carloads fell in 2020 due to the impact of the Covid-19 pandemic, we expect to see a rebound, driven by rising economic activity and strong demand following the easing of Covid-19 lockdowns.

So What?

We think the recovery in demand is more or less priced into UNP stock. We value UNP at about $262 per share, about 6% ahead of the current market price.

See Our Complete Analysis For Union Pacific

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.

 Returns Jan 2022
MTD [1]
YTD [1]
Total [2]
 UNP Return -2% -2% 138%
 S&P 500 Return -1% -1% 111%
 Trefis MS Portfolio Return -5% -5% 274%

[1] Month-to-date and year-to-date as of 1/13/2022
[2] Cumulative total returns since the end of 2016

Invest with Trefis Market Beating Portfolios
See all Trefis Price Estimates