Union Pacific (NYSE:UNP) Price Target Cut to $283.00

by · The Cerbat Gem

Union Pacific (NYSE:UNP – Get Free Report) had its price objective reduced by Royal Bank of Canada from $288.00 to $283.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the railroad operator’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 22.54% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. Sanford C. Bernstein cut their target price on Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a research note on Wednesday, October 9th. Barclays cut their target price on Union Pacific from $280.00 to $275.00 and set an “overweight” rating for the company in a research note on Friday. JPMorgan Chase & Co. cut their target price on Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a research note on Friday. Raymond James increased their price target on Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a research note on Monday, October 14th. Finally, Daiwa America cut Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and an average price target of $259.30.

Read Our Latest Report on Union Pacific

Union Pacific Price Performance

Shares of UNP stock traded up $0.20 during trading on Friday, hitting $230.95. The company had a trading volume of 1,778,781 shares, compared to its average volume of 2,275,620. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05. The firm has a market capitalization of $140.69 billion, a P/E ratio of 21.67, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05. The stock’s 50-day moving average price is $246.31 and its 200 day moving average price is $238.55. Union Pacific has a one year low of $199.97 and a one year high of $258.66.

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

Insider Activity at Union Pacific

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

Institutional Trading of Union Pacific

Large investors have recently bought and sold shares of the business. Richardson Capital Management LLC acquired a new stake in Union Pacific during the 1st quarter worth about $26,000. Cultivar Capital Inc. acquired a new stake in Union Pacific during the 2nd quarter worth about $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in Union Pacific during the 2nd quarter worth about $28,000. Tributary Capital Management LLC bought a new position in shares of Union Pacific during the 1st quarter worth about $30,000. Finally, Financial Gravity Asset Management Inc. boosted its position in shares of 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. 80.38% of the stock is currently owned by institutional investors and hedge funds.

About Union Pacific

(Get Free Report)

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.

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