Forecast Of The Day: Union Pacific’s Bulk Carloads

+22.82%
Upside
217
Market
267
Trefis
UNP: Union Pacific logo
UNP
Union Pacific

What?

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.

Why?

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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

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 Returns Jan 2022
MTD [1]
2022
YTD [1]
2017-22
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

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