Union Pacific Corporation Buyback
OLI recorded this information on 11/17/2016
Company:
Union Pacific Corporation
Buyback:
UNP buyback
Share Amount Authorized:
120,000,000
Buyback Details:
Union Pacific Corporation (NYSE: UNP) announced that its Board of Directors today approved the early renewal of its share repurchase program, authorizing the repurchase of up to 120 million common shares by December 31, 2020. This new authorization is effective January 1, 2017 and replaces the current authorization, which will now expire on December 31, 2016, one year earlier than its original expiration date. The new four year authorization allows for the repurchase of another 15 percent of current outstanding shares.
Union Pacific, through its principal operating subsidiary, Union Pacific Railroad Company, is a Class I railroad operating in the U.S. Co.'s network includes route miles, connecting Pacific Coast and Gulf Coast ports with the Midwest and Eastern U.S. gateways and providing several corridors to main Mexican and Canadian gateways. Co. serves the western two-thirds of the country and maintain coordinated schedules with other rail carriers to move freight to and from the Atlantic Coast, the Pacific Coast, the Southeast, the Southwest, Canada, and Mexico. Co. has Bulk, Industrial, and Premium commodity groups.
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Avg. Broker Rec.
 
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Buy (3.22 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: UNP Stock Forecast Based on Zacks ABR data; powered by Xignite |
