Stifel Nicolaus Cuts Union Pacific (NYSE:UNP) Price Target to $262.00

Union Pacific (NYSE:UNP) had its target price reduced by Stifel Nicolaus from $265.00 to $262.00 in a report released on Friday morning, Benzinga reports. They currently have a buy rating on the railroad operator’s stock.

A number of other analysts have also weighed in on UNP. Wells Fargo & Company cut their target price on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a research note on Friday. Barclays dropped their price objective on shares of Union Pacific from $290.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. Benchmark reaffirmed a “buy” rating and set a $266.00 price objective on shares of Union Pacific in a research report on Friday. Sanford C. Bernstein dropped their target price on Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. Finally, Bank of America decreased their price target on Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and an average price target of $259.15.

Union Pacific Stock Performance

Shares of UNP stock opened at $230.30 on Friday. The firm has a 50 day moving average of $246.02 and a two-hundred day moving average of $238.47. The stock has a market capitalization of $140.51 billion, a PE ratio of 21.98, a P/E/G ratio of 2.23 and a beta of 1.05. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. Union Pacific has a 52 week low of $199.97 and a 52 week high of $258.66.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The company had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.14 billion. During the same quarter last year, the business posted $2.51 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, research analysts predict that Union Pacific will post 11.07 EPS for the current fiscal year.

Insider Transactions at Union Pacific

In related news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following the transaction, the president now owns 64,945 shares in the company, valued at $16,014,787.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of UNP. Richardson Capital Management LLC purchased a new position in Union Pacific in the 1st quarter valued at $26,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Union Pacific in the 2nd quarter worth $28,000. Cultivar Capital Inc. purchased a new stake in shares of Union Pacific in the second quarter valued at about $27,000. Tributary Capital Management LLC acquired a new position in shares of Union Pacific during the first quarter worth about $30,000. Finally, Jamison Private Wealth Management Inc. raised its holdings in Union Pacific by 265.7% during the third quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock worth $32,000 after purchasing an additional 93 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

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.