Union Pacific (NYSE:UNP – Get Rating) had its target price cut by Morgan Stanley from $207.00 to $187.00 in a research report report published on Monday morning, Stock Target Advisor reports. They currently have an equal weight rating on the railroad operator's stock.
Several other research analysts have also issued reports on UNP. Wells Fargo & Company decreased their target price on Union Pacific from $265.00 to $218.00 and set an equal weight rating for the company in a research report on Friday, July 15th. Susquehanna Bancshares lowered their price objective on Union Pacific from $240.00 to $208.00 and set a neutral rating for the company in a research report on Wednesday, September 28th. JPMorgan Chase & Co. downgraded shares of Union Pacific from an overweight rating to a neutral rating and reduced their target price for the stock from $272.00 to $232.00 in a research report on Tuesday, July 12th. Evercore ISI lowered their price target on shares of Union Pacific from $245.00 to $236.00 and set an in-line rating for the company in a research report on Tuesday, July 12th. Finally, Susquehanna cut their price objective on shares of Union Pacific from $240.00 to $208.00 in a report on Wednesday, September 28th. Twelve analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Union Pacific presently has an average rating of Hold and an average price target of $241.83.
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Union Pacific Stock Performance
NYSE:UNP opened at $200.26 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 2.33. The firm's fifty day simple moving average is $224.13 and its 200 day simple moving average is $227.36. The stock has a market cap of $125.06 billion, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 1.69 and a beta of 1.15. Union Pacific has a twelve month low of $194.73 and a twelve month high of $278.94.
Union Pacific (NYSE:UNP – Get Rating) last announced its earnings results on Thursday, July 21st. The railroad operator reported $2.93 earnings per share for the quarter, beating analysts' consensus estimates of $2.82 by $0.11. Union Pacific had a net
margin of 29.23% and a return on equity of 52.00%. The firm had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same quarter in the previous year, the firm posted $2.72 EPS. The company's revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, research analysts predict that Union Pacific will post 11.55 EPS for the current year.
Union Pacific Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend was Tuesday, August 30th. Union Pacific's payout ratio is currently 48.46%.
Hedge Funds Weigh In On Union Pacific
Institutional investors and hedge funds have recently made changes to their positions in the business. Lynch & Associates IN bought a new stake in shares of Union Pacific during the 3rd quarter valued at $724,000. Wedmont Private Capital grew its holdings in Union Pacific by 34.6% during the third quarter. Wedmont Private Capital now owns 2,814 shares of the railroad operator's stock valued at $548,000 after purchasing an additional 723 shares during the period. Federated Hermes Inc. increased its position in Union Pacific by 89.6% in the second quarter. Federated Hermes Inc. now owns 95,663 shares of the railroad operator's stock worth $20,403,000 after buying an additional 45,209 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Union Pacific by 3.8% in the second quarter. Brown Advisory Inc. now owns 56,175 shares of the railroad operator's stock worth $11,981,000 after buying an additional 2,081 shares during the period. Finally, Fundamentun LLC lifted its position in shares of Union Pacific by 1.7% during the 2nd quarter. Fundamentun LLC now owns 14,965 shares of the railroad operator's stock valued at $3,192,000 after buying an additional 249 shares in the last quarter. Hedge funds and other institutional investors own 77.89% of the company's stock.
Union Pacific Company Profile
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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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
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