Union Pacific (NYSE:UNP) PT Lowered to $250.00 at Raymond James

Union Pacific (NYSE:UNP) had its target price dropped by investment analysts at Raymond James from $265.00 to $250.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “strong-buy” rating on the railroad operator’s stock. Raymond James’ target price would suggest a potential upside of 15.82% from the stock’s current price.

Several other analysts also recently commented on the stock. Royal Bank of Canada increased their price objective on shares of Union Pacific from $259.00 to $261.00 and gave the company an “outperform” rating in a research report on Friday, July 23rd. Loop Capital lowered their price objective on shares of Union Pacific from $270.00 to $252.00 and set a “buy” rating on the stock in a research note on Tuesday, September 14th. Stifel Nicolaus started coverage on shares of Union Pacific in a research note on Monday, June 21st. They issued a “hold” rating on the stock. Wells Fargo & Company raised their target price on shares of Union Pacific from $240.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 7th. Finally, Zacks Investment Research cut shares of Union Pacific from a “hold” rating to a “sell” rating and set a $213.00 target price on the stock. in a research note on Monday, October 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $243.89.

Shares of UNP opened at $215.85 on Thursday. The firm has a 50 day moving average price of $213.32 and a 200-day moving average price of $218.89. Union Pacific has a fifty-two week low of $171.50 and a fifty-two week high of $231.26. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.71 and a current ratio of 0.86. The firm has a market cap of $140.76 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 2.07 and a beta of 1.13.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 22nd. The railroad operator reported $2.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.55 by $0.17. The business had revenue of $5.50 billion for the quarter, compared to the consensus estimate of $5.39 billion. Union Pacific had a net margin of 28.60% and a return on equity of 37.65%. The company’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.67 EPS. As a group, equities research analysts predict that Union Pacific will post 10.02 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its position in Union Pacific by 3.4% in the first quarter. Ameriprise Financial Inc. now owns 10,982,858 shares of the railroad operator’s stock worth $2,427,089,000 after buying an additional 361,413 shares during the last quarter. Geode Capital Management LLC lifted its position in Union Pacific by 1.7% in the second quarter. Geode Capital Management LLC now owns 10,101,074 shares of the railroad operator’s stock worth $2,215,213,000 after buying an additional 164,493 shares during the last quarter. Nuveen Asset Management LLC lifted its position in Union Pacific by 12.2% in the second quarter. Nuveen Asset Management LLC now owns 8,611,500 shares of the railroad operator’s stock worth $1,893,928,000 after buying an additional 937,191 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Union Pacific by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 7,427,558 shares of the railroad operator’s stock worth $1,637,109,000 after buying an additional 334,963 shares during the last quarter. Finally, Capital International Investors lifted its position in Union Pacific by 4.4% in the second quarter. Capital International Investors now owns 7,106,488 shares of the railroad operator’s stock worth $1,562,899,000 after buying an additional 302,550 shares during the last quarter. Institutional investors own 77.07% of the company’s stock.

About Union Pacific

Union Pacific Corp. engages in the provision of railroad and freight transportation services. Its principal operating company, Union Pacific Railroad Co, operates as a railroad franchise. The Railroad’s diversified business mix includes agricultural products, automotive, chemicals, coal, industrial products, and intermodal.

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Analyst Recommendations for Union Pacific (NYSE:UNP)

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