Robert W. Baird Increases Union Pacific Price Target to $104.00 (UNP)
Stock analysts at Robert W. Baird lifted their target price on shares of Union Pacific (NYSE:UNP) from $103.00 to $104.00 in a report issued on Tuesday. Robert W. Baird’s price objective points to a potential upside of 3.73% from the company’s current price.
Union Pacific (NYSE:UNP) opened at 100.26 on Tuesday. Union Pacific has a 52-week low of $74.615 and a 52-week high of $102.96. The stock’s 50-day moving average is $99.78 and its 200-day moving average is $92.62. The company has a market cap of $90.818 billion and a price-to-earnings ratio of 20.66. Union Pacific also was the target of a significant increase in short interest in June. As of June 13th, there was short interest totalling 8,139,221 shares, an increase of 139.5% from the May 30th total of 3,398,141 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average trading volume of 2,976,246 shares, the short-interest ratio is presently 2.7 days.
Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, April 17th. The company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.01. The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the previous year, the company posted $2.03 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Analysts expect that Union Pacific will post $5.50 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on UNP. Analysts at Barclays cut their price target on shares of Union Pacific from $210.00 to $115.00 in a research note on Monday, June 30th. They now have an “overweight” rating on the stock. Separately, analysts at FBR Capital Markets reiterated a “market perform” rating on shares of Union Pacific in a research note on Tuesday, June 24th. They now have a $120.00 price target on the stock, up previously from $110.00. Finally, analysts at Wolfe Research downgraded shares of Union Pacific from an “outperform” rating to a “market perform” rating in a research note on Monday, June 16th. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $107.48.
Union Pacific Corporation (NYSE:UNP) owns transportation companies.