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

Union Pacific (NYSE:UNP) had its target price dropped by research analysts at Royal Bank of Canada from $288.00 to $283.00 in a report released on Friday, Benzinga reports. The firm presently has an “outperform” rating on the railroad operator’s stock. Royal Bank of Canada’s price target indicates a potential upside of 22.88% from the stock’s current price.

Other analysts have also issued reports about the stock. Barclays cut their target price on shares of Union Pacific from $280.00 to $275.00 and set an “overweight” rating for the company in a research note on Friday. Daiwa America lowered Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Stifel Nicolaus cut their target price on Union Pacific from $265.00 to $262.00 and set a “buy” rating on the stock in a research report on Friday. Benchmark reiterated a “buy” rating and issued a $266.00 price target on shares of Union Pacific in a research report on Friday. Finally, StockNews.com downgraded Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and an average price target of $259.15.

Union Pacific Stock Down 0.2 %

Shares of UNP stock opened at $230.30 on Friday. 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 stock has a market cap of $140.30 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05. The business’s fifty day moving average is $246.02 and its 200-day moving average is $238.46. Union Pacific has a 1 year low of $199.97 and a 1 year high of $258.66.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS 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 during the quarter, compared to the consensus estimate of $6.14 billion. During the same quarter last year, the firm posted $2.51 earnings per share. Union Pacific’s revenue was up 2.5% compared to the same quarter last year. Equities analysts expect that Union Pacific will post 11.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total transaction of $875,887.68. Following the transaction, the president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Financial Advocates Investment Management boosted its position in Union Pacific by 0.8% during the third quarter. Financial Advocates Investment Management now owns 14,453 shares of the railroad operator’s stock worth $3,562,000 after purchasing an additional 110 shares during the period. Cornerstone Wealth Group LLC lifted its stake in shares of Union Pacific by 4.3% in the third quarter. Cornerstone Wealth Group LLC now owns 2,687 shares of the railroad operator’s stock worth $662,000 after buying an additional 112 shares during the last quarter. TNF LLC bought a new stake in shares of Union Pacific during the 3rd quarter worth $275,000. Oak Harvest Investment Services grew its stake in Union Pacific by 11.5% in the 3rd quarter. Oak Harvest Investment Services now owns 50,932 shares of the railroad operator’s stock valued at $12,554,000 after buying an additional 5,257 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its stake in Union Pacific by 6.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 1,391 shares of the railroad operator’s stock valued at $343,000 after buying an additional 81 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Company Profile

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.