Union Pacific (NYSE:UNP) Given New $252.00 Price Target at JPMorgan Chase & Co.

Union Pacific (NYSE:UNP) had its price objective cut by JPMorgan Chase & Co. from $263.00 to $252.00 in a research report released on Friday, Benzinga reports. They currently have a neutral rating on the railroad operator’s stock.

UNP has been the subject of several other reports. Daiwa America cut Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Robert W. Baird cut their price target on Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a report on Friday. Bank of America decreased their price objective on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Wells Fargo & Company cut their target price on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Raymond James upped their price target on shares of Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a research note on Monday, October 14th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and a consensus target price of $259.15.

Union Pacific Stock Down 0.2 %

Shares of UNP traded down $0.45 during midday trading on Friday, hitting $230.30. The stock had a trading volume of 2,952,224 shares, compared to its average volume of 2,281,261. The firm has a market cap of $140.30 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05. The company has a 50 day simple moving average of $246.02 and a two-hundred day simple moving average of $238.48. Union Pacific has a twelve month low of $199.97 and a twelve month high of $258.66. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.76 by ($0.01). Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The firm had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. During the same period in the prior year, the business posted $2.51 EPS. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, analysts anticipate that Union Pacific will post 11.07 EPS for the current year.

Insiders Place Their Bets

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 value of $875,887.68. Following the transaction, the president now owns 64,945 shares in the company, valued at approximately $16,014,787.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On Union Pacific

A number of institutional investors have recently added to or reduced their stakes in UNP. Financial Advocates Investment Management boosted its position in Union Pacific by 0.8% in the third quarter. Financial Advocates Investment Management now owns 14,453 shares of the railroad operator’s stock valued at $3,562,000 after buying an additional 110 shares in the last quarter. Cornerstone Wealth Group LLC boosted its holdings in shares of Union Pacific by 4.3% during the 3rd quarter. Cornerstone Wealth Group LLC now owns 2,687 shares of the railroad operator’s stock valued at $662,000 after acquiring an additional 112 shares in the last quarter. TNF LLC bought a new stake in Union Pacific during the 3rd quarter worth $275,000. Oak Harvest Investment Services increased its holdings in Union Pacific by 11.5% in the 3rd quarter. Oak Harvest Investment Services now owns 50,932 shares of the railroad operator’s stock worth $12,554,000 after purchasing an additional 5,257 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its stake in shares of Union Pacific by 6.2% during the third quarter. JFS Wealth Advisors LLC now owns 1,391 shares of the railroad operator’s stock valued at $343,000 after purchasing an additional 81 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

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.