Union Pacific (NYSE:UNP) Given New $285.00 Price Target at Barclays

Union Pacific (NYSE:UNP) had its target price increased by equities research analysts at Barclays from $275.00 to $285.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the railroad operator’s stock. Barclays‘s price target points to a potential upside of 18.75% from the company’s current price.

Several other equities analysts also recently commented on UNP. Daiwa America downgraded Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Royal Bank of Canada cut their price objective on Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. cut their price objective on Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Stifel Nicolaus dropped their target price on Union Pacific from $265.00 to $262.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, Bank of America dropped their target price on Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $259.80.

Union Pacific Price Performance

Shares of Union Pacific stock traded up $1.10 during midday trading on Wednesday, hitting $240.01. 469,935 shares of the company were exchanged, compared to its average volume of 2,304,497. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. The firm has a market cap of $145.51 billion, a P/E ratio of 22.04, a PEG ratio of 2.36 and a beta of 1.06. Union Pacific has a 52 week low of $212.47 and a 52 week high of $258.66. The firm has a 50 day simple moving average of $242.77 and a 200-day simple moving average of $238.63.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing the consensus estimate of $2.78 by ($0.03). The company had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. Union Pacific’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.51 EPS. Research analysts forecast that Union Pacific will post 10.94 earnings per share for the current year.

Institutional Investors Weigh In On Union Pacific

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cultivar Capital Inc. bought a new position in Union Pacific during the 2nd quarter worth about $27,000. Strategic Investment Solutions Inc. IL bought a new position in Union Pacific during the 2nd quarter worth about $28,000. Financial Gravity Asset Management Inc. increased its holdings in Union Pacific by 3,250.0% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock worth $30,000 after purchasing an additional 130 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Union Pacific during the 3rd quarter worth about $30,000. Finally, Fairscale Capital LLC bought a new position in Union Pacific during the 2nd quarter worth about $31,000. 80.38% of the stock is currently 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.