JPMorgan Chase & Co. Cuts Union Pacific (NYSE:UNP) Price Target to $265.00

Union Pacific (NYSE:UNP) had its price objective lowered by JPMorgan Chase & Co. from $270.00 to $265.00 in a research note released on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the railroad operator’s stock.

Several other analysts also recently issued reports on the stock. The Goldman Sachs Group reissued a “neutral” rating and set a $267.00 target price on shares of Union Pacific in a research note on Tuesday. TD Cowen dropped their price target on Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a research report on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a research report on Wednesday, January 21st. UBS Group set a $253.00 target price on Union Pacific and gave the company a “neutral” rating in a research note on Friday, October 3rd. Finally, Royal Bank Of Canada set a $280.00 price target on shares of Union Pacific in a research report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $258.32.

Union Pacific Price Performance

UNP stock opened at $235.14 on Wednesday. Union Pacific has a one year low of $204.66 and a one year high of $253.20. The firm has a 50-day moving average of $232.21 and a two-hundred day moving average of $226.81. The firm has a market capitalization of $139.48 billion, a PE ratio of 19.64, a P/E/G ratio of 2.57 and a beta of 0.99. The company has a current ratio of 0.91, a quick ratio of 0.60 and a debt-to-equity ratio of 1.64.

Union Pacific (NYSE:UNP) last released its earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.06). The firm had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.15 billion. Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.The business’s revenue was down .6% on a year-over-year basis. During the same period last year, the business earned $2.91 earnings per share. On average, analysts forecast that Union Pacific will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th were paid a dividend of $1.38 per share. The ex-dividend date was Friday, December 5th. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. Union Pacific’s dividend payout ratio is 46.12%.

Institutional Investors Weigh In On Union Pacific

A number of large investors have recently bought and sold shares of the business. Rachor Investment Advisory Services LLC bought a new stake in shares of Union Pacific during the 4th quarter worth about $25,000. Caitlin John LLC acquired a new stake in Union Pacific in the 3rd quarter worth approximately $27,000. Saranac Partners Ltd bought a new stake in Union Pacific during the third quarter worth approximately $27,000. High Point Wealth Management LLC acquired a new position in Union Pacific during the fourth quarter valued at approximately $26,000. Finally, Howard Hughes Medical Institute bought a new position in shares of Union Pacific in the second quarter valued at approximately $30,000. 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.