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

Union Pacific (NYSE:UNP) had its price objective hoisted by Barclays from $275.00 to $285.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the railroad operator’s stock.

A number of other analysts have also recently issued reports on UNP. Evercore ISI cut Union Pacific from an “outperform” rating to an “inline” rating and decreased their target price for the company from $254.00 to $247.00 in a research report on Wednesday, September 25th. Benchmark reissued a “buy” rating and issued a $266.00 price objective on shares of Union Pacific in a report on Friday, October 25th. 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 report on Friday, October 25th. Susquehanna decreased their price target on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, Daiwa America lowered shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Nine 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 company’s stock. According to data from MarketBeat.com, Union Pacific presently has a consensus rating of “Moderate Buy” and an average price target of $259.80.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $235.57 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. Union Pacific has a 52 week low of $216.79 and a 52 week high of $258.66. The firm’s 50 day moving average is $241.86 and its two-hundred day moving average is $238.58. The firm has a market capitalization of $142.82 billion, a P/E ratio of 21.63, a P/E/G ratio of 2.38 and a beta of 1.06.

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

Institutional Investors Weigh In On Union Pacific

Several institutional investors have recently modified their holdings of the company. State Street Corp boosted its position in Union Pacific by 0.9% during the third quarter. State Street Corp now owns 24,788,337 shares of the railroad operator’s stock worth $6,109,829,000 after purchasing an additional 217,780 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Union Pacific by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 12,813,686 shares of the railroad operator’s stock worth $3,146,451,000 after buying an additional 182,620 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Union Pacific by 1.3% in the 2nd 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 in the last quarter. Capital Research Global Investors grew its stake in Union Pacific by 7.6% in the 1st quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock valued at $1,812,689,000 after acquiring an additional 518,985 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Union Pacific by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 6,285,585 shares of the railroad operator’s stock valued at $1,549,271,000 after acquiring an additional 143,896 shares in the last quarter. Hedge funds and other institutional investors 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.