Union Pacific (NYSE:UNP) Price Target Cut to $260.00

Union Pacific (NYSE:UNP) had its price objective cut by stock analysts at Robert W. Baird from $270.00 to $260.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the railroad operator’s stock. Robert W. Baird’s price objective points to a potential upside of 12.90% from the company’s previous close.

Several other analysts have also weighed in on UNP. BMO Capital Markets lowered their target price on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, September 20th. Bank of America lowered their price objective on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Citigroup assumed coverage on shares of Union Pacific in a report on Wednesday, October 9th. They issued a “neutral” rating and a $264.00 target price on the stock. Barclays lowered their target price on Union Pacific from $290.00 to $280.00 and set an “overweight” rating for the company in a report on Friday, July 26th. Finally, Wells Fargo & Company cut their price target on Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a report on Friday. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Union Pacific has an average rating of “Moderate Buy” and a consensus price target of $259.15.

Union Pacific Stock Performance

Shares of UNP stock opened at $230.30 on Friday. The stock has a market capitalization of $140.30 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 2.23 and a beta of 1.05. Union Pacific has a one year low of $199.97 and a one year high of $258.66. The company’s 50-day simple moving average is $246.02 and its 200-day simple moving average is $238.46. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.76 by ($0.01). Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The firm had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. During the same period in the prior year, the business earned $2.51 EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Equities analysts anticipate that Union Pacific will post 11.07 earnings per share for the current fiscal year.

Insider Activity at Union Pacific

In other news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the transaction, the president now directly owns 64,945 shares of the company’s stock, valued at $16,014,787.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.28% of the stock is currently owned by corporate insiders.

Institutional Trading of Union Pacific

Several large investors have recently added to or reduced their stakes in UNP. Ameriprise Financial Inc. boosted its position in shares of Union Pacific by 1.3% in the second quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock worth $1,880,701,000 after buying an additional 106,996 shares during the period. Capital Research Global Investors boosted its position in Union Pacific by 7.6% during the 1st quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock worth $1,812,689,000 after acquiring an additional 518,985 shares during the period. Legal & General Group Plc boosted its position in Union Pacific by 2.1% during the 2nd quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator’s stock worth $1,350,924,000 after acquiring an additional 124,571 shares during the period. Clearbridge Investments LLC grew its stake in Union Pacific by 5.7% during the 1st quarter. Clearbridge Investments LLC now owns 4,396,974 shares of the railroad operator’s stock valued at $1,081,348,000 after acquiring an additional 237,083 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Union Pacific by 8.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,218,730 shares of the railroad operator’s stock valued at $954,530,000 after purchasing an additional 322,129 shares during the period. 80.38% of the stock is owned by institutional investors and hedge funds.

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.