Union Pacific (NYSE:UNP) Given New $275.00 Price Target at Guggenheim

Union Pacific (NYSE:UNP) had its price objective raised by Guggenheim from $266.00 to $275.00 in a research note published on Friday,Benzinga reports. Guggenheim currently has a buy rating on the railroad operator’s stock.

Several other brokerages also recently issued reports on UNP. Wells Fargo & Company lowered their price target on Union Pacific from $267.00 to $265.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. JPMorgan Chase & Co. decreased their target price on Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Citigroup lifted their target price on Union Pacific from $254.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday. StockNews.com downgraded Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Finally, Benchmark reissued a “buy” rating and set a $266.00 target price on shares of Union Pacific in a research report on Friday, October 25th. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $263.30.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $248.94 on Friday. Union Pacific has a 1 year low of $218.55 and a 1 year high of $258.66. The business has a fifty day simple moving average of $234.05 and a 200 day simple moving average of $239.52. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. The firm has a market cap of $150.92 billion, a price-to-earnings ratio of 22.86, a P/E/G ratio of 2.12 and a beta of 1.06.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share for the quarter, beating 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 company earned $2.71 EPS. As a group, sell-side analysts predict that Union Pacific will post 10.96 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.15%. Union Pacific’s payout ratio is presently 49.22%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Patron Partners LLC grew its position in shares of Union Pacific by 13.8% during the 4th quarter. Patron Partners LLC now owns 4,239 shares of the railroad operator’s stock worth $967,000 after purchasing an additional 515 shares in the last quarter. abrdn plc grew its position in shares of Union Pacific by 9.3% during the 4th quarter. abrdn plc now owns 415,874 shares of the railroad operator’s stock worth $94,588,000 after purchasing an additional 35,414 shares in the last quarter. Trust Point Inc. grew its position in shares of Union Pacific by 17.5% during the 4th quarter. Trust Point Inc. now owns 6,104 shares of the railroad operator’s stock worth $1,392,000 after purchasing an additional 908 shares in the last quarter. Childress Capital Advisors LLC boosted its position in shares of Union Pacific by 2.7% during the 4th quarter. Childress Capital Advisors LLC now owns 2,243 shares of the railroad operator’s stock worth $512,000 after acquiring an additional 60 shares in the last quarter. Finally, Fourpath Capital Management LLC boosted its position in shares of Union Pacific by 0.4% during the 4th quarter. Fourpath Capital Management LLC now owns 47,282 shares of the railroad operator’s stock worth $10,782,000 after acquiring an additional 183 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.