Union Pacific (NYSE:UNP) Price Target Lowered to $255.00 at Wells Fargo & Company

Union Pacific (NYSE:UNP) had its price target reduced by Wells Fargo & Company from $270.00 to $255.00 in a report published on Friday, Benzinga reports. They currently have an overweight rating on the railroad operator’s stock.

A number of other research firms have also recently weighed in on UNP. Sanford C. Bernstein decreased their price objective on Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. Daiwa America downgraded Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Royal Bank of Canada boosted their price objective on shares of Union Pacific from $275.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. StockNews.com cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Finally, Raymond James boosted their price target on shares of Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a research note on Monday, October 14th. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $259.15.

Union Pacific Stock Performance

Shares of UNP opened at $230.30 on Friday. The company’s 50 day simple moving average is $246.02 and its 200-day simple moving average is $238.47. The firm has a market cap of $140.51 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05. Union Pacific has a 12-month low of $199.97 and a 12-month high of $258.66. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data 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 26.90% and a return on equity of 42.62%. The business had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. During the same quarter in the prior year, the firm posted $2.51 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, equities analysts predict that Union Pacific will post 11.07 EPS for the current year.

Insiders Place Their Bets

In related news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific stock in a transaction that occurred on 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 transaction, the president now directly 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 document filed with the SEC, which is available at this hyperlink. 0.28% of the stock is currently owned by company insiders.

Institutional Trading of Union Pacific

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Richardson Capital Management LLC acquired a new stake in shares of Union Pacific during the 1st quarter worth about $26,000. Cultivar Capital Inc. purchased a new position in shares of Union Pacific during the second quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in Union Pacific during the second quarter worth approximately $28,000. Tributary Capital Management LLC purchased a new stake in Union Pacific in the 1st quarter worth approximately $30,000. Finally, Financial Gravity Asset Management Inc. raised its holdings in Union Pacific by 3,250.0% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock valued at $30,000 after acquiring an additional 130 shares during 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.