JPMorgan Chase & Co. Raises Union Pacific (NYSE:UNP) Price Target to $270.00

Union Pacific (NYSE:UNP) had its price objective increased by investment analysts at JPMorgan Chase & Co. from $267.00 to $270.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the railroad operator’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 17.86% from the stock’s current price.

UNP has been the subject of several other research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Union Pacific in a research note on Wednesday, October 8th. Royal Bank Of Canada set a $280.00 price target on Union Pacific in a report on Thursday, December 18th. Barclays reissued an “overweight” rating and set a $285.00 price target (up from $270.00) on shares of Union Pacific in a research note on Tuesday, December 16th. UBS Group set a $253.00 price objective on Union Pacific and gave the company a “neutral” rating in a research report on Friday, October 3rd. Finally, Susquehanna reiterated a “positive” rating and issued a $272.00 target price (up previously from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, Union Pacific presently has a consensus rating of “Moderate Buy” and an average target price of $259.58.

Union Pacific Stock Down 0.2%

Shares of UNP opened at $229.08 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75. The business has a fifty day moving average of $230.13 and a 200 day moving average of $227.19. The company has a market cap of $135.88 billion, a PE ratio of 19.46, a P/E/G ratio of 2.61 and a beta of 0.99. Union Pacific has a 52-week low of $204.66 and a 52-week high of $256.84.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.09. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The business had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6.24 billion. During the same quarter in the prior year, the firm posted $2.75 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, sell-side analysts expect that Union Pacific will post 11.99 EPS for the current year.

Hedge Funds Weigh In On Union Pacific

Hedge funds and other institutional investors have recently modified their holdings of the business. Pines Wealth Management LLC boosted its position in Union Pacific by 1.7% during the 2nd quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator’s stock valued at $595,000 after acquiring an additional 43 shares in the last quarter. Five Oceans Advisors lifted its stake in shares of Union Pacific by 3.9% during the 2nd quarter. Five Oceans Advisors now owns 1,183 shares of the railroad operator’s stock worth $272,000 after purchasing an additional 44 shares during the last quarter. Stephens Consulting LLC boosted its position in Union Pacific by 48.4% during the fourth quarter. Stephens Consulting LLC now owns 135 shares of the railroad operator’s stock valued at $31,000 after purchasing an additional 44 shares in the last quarter. Howard Capital Management Group LLC grew its stake in Union Pacific by 2.0% in the third quarter. Howard Capital Management Group LLC now owns 2,252 shares of the railroad operator’s stock valued at $532,000 after purchasing an additional 45 shares during the last quarter. Finally, Prestige Wealth Management Group LLC raised its holdings in Union Pacific by 1.4% in the third quarter. Prestige Wealth Management Group LLC now owns 3,186 shares of the railroad operator’s stock worth $753,000 after purchasing an additional 45 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.