Union Pacific (NYSE:UNP) Given New $258.00 Price Target at TD Cowen

Union Pacific (NYSE:UNP) had its price target raised by research analysts at TD Cowen from $245.00 to $258.00 in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the railroad operator’s stock. TD Cowen’s price target would indicate a potential upside of 3.64% from the company’s previous close.

Several other brokerages have also recently issued reports on UNP. Royal Bank of Canada lowered their target price on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective on Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Sanford C. Bernstein reduced their target price on Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. Barclays raised their price target on Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, StockNews.com cut Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $262.57.

Union Pacific Stock Performance

Shares of UNP stock opened at $248.94 on Friday. The company has a market cap of $150.92 billion, a P/E ratio of 22.86, a PEG ratio of 2.12 and a beta of 1.06. The firm has a fifty day moving average price of $234.05 and a 200 day moving average price of $239.40. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. Union Pacific has a 12 month low of $218.55 and a 12 month high of $258.66.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.15. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. During the same quarter last year, the firm posted $2.71 EPS. Sell-side analysts predict that Union Pacific will post 10.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Union Pacific

Hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC lifted its stake in shares of Union Pacific by 19,878.6% in the third quarter. International Assets Investment Management LLC now owns 896,040 shares of the railroad operator’s stock valued at $220,856,000 after purchasing an additional 891,555 shares during the period. Franklin Resources Inc. lifted its position in shares of Union Pacific by 9.3% during the 3rd quarter. Franklin Resources Inc. now owns 7,322,450 shares of the railroad operator’s stock valued at $1,795,993,000 after acquiring an additional 625,492 shares during the period. Impax Asset Management Group plc boosted its stake in shares of Union Pacific by 2,025.4% during the 3rd quarter. Impax Asset Management Group plc now owns 546,236 shares of the railroad operator’s stock worth $134,636,000 after acquiring an additional 520,536 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Union Pacific by 170.9% in the 3rd quarter. Jennison Associates LLC now owns 736,246 shares of the railroad operator’s stock worth $181,470,000 after acquiring an additional 464,477 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in Union Pacific by 35.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,226,100 shares of the railroad operator’s stock valued at $279,600,000 after purchasing an additional 323,525 shares in the last quarter. Institutional investors and hedge funds 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.