TD Cowen Trims Union Pacific (NYSE:UNP) Target Price to $252.00

Union Pacific (NYSE:UNP) had its price target reduced by TD Cowen from $255.00 to $252.00 in a research report report published on Friday, Benzinga reports. They currently have a buy rating on the railroad operator’s stock.

UNP has been the topic of several other research reports. JPMorgan Chase & Co. decreased their price target on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a research note on Friday. Royal Bank of Canada dropped their price target on Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a research note on Friday. Raymond James lifted their price objective on Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a research note on Monday, October 14th. Benchmark reaffirmed a “buy” rating and set a $266.00 price objective on shares of Union Pacific in a report on Friday. Finally, Daiwa America lowered shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $259.15.

Union Pacific Price Performance

NYSE:UNP opened at $230.30 on Friday. The stock has a market cap of $140.51 billion, a PE ratio of 21.98, a P/E/G ratio of 2.23 and a beta of 1.05. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. The business’s 50-day simple moving average is $246.02 and its two-hundred day simple moving average is $238.47. Union Pacific has a 52 week low of $199.97 and a 52 week high of $258.66.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The business had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.14 billion. During the same period in the prior year, the firm posted $2.51 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, analysts forecast that Union Pacific will post 11.07 EPS for the current fiscal year.

Insider Buying and Selling at Union Pacific

In other news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total transaction of $875,887.68. Following the completion of the sale, the president now directly owns 64,945 shares in the company, valued at approximately $16,014,787.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.28% of the stock is currently owned by corporate insiders.

Institutional Trading of Union Pacific

Institutional investors and hedge funds have recently modified their holdings of the stock. Richardson Capital Management LLC bought a new stake in Union Pacific during the 1st quarter valued at $26,000. Strategic Investment Solutions Inc. IL purchased a new stake in Union Pacific in the second quarter worth about $28,000. Cultivar Capital Inc. bought a new position in Union Pacific during the 2nd quarter worth about $27,000. Tributary Capital Management LLC purchased a new position in Union Pacific during the 1st quarter valued at about $30,000. Finally, Jamison Private Wealth Management Inc. raised its holdings in shares of Union Pacific by 265.7% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock valued at $32,000 after purchasing an additional 93 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

About Union Pacific

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, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.