Union Pacific (NYSE:UNP) Price Target Lowered to $283.00 at Royal Bank of Canada

Union Pacific (NYSE:UNP) had its price objective trimmed by Royal Bank of Canada from $288.00 to $283.00 in a report issued on Friday, Benzinga reports. The firm currently has an outperform rating on the railroad operator’s stock.

Other analysts have also issued research reports about the stock. Bank of America cut their price objective on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Raymond James increased their price target on Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 14th. Barclays decreased their price objective on Union Pacific from $280.00 to $275.00 and set an “overweight” rating for the company in a report on Friday. Stifel Nicolaus dropped their target price on Union Pacific from $265.00 to $262.00 and set a “buy” rating on the stock in a report on Friday. Finally, BMO Capital Markets decreased their price target on Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, September 20th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $259.15.

Union Pacific Stock Performance

UNP stock traded down $0.45 during midday trading on Friday, reaching $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 fifty day simple moving average of $246.02 and a two-hundred day simple moving average of $238.48. Union Pacific has a 52-week low of $199.97 and a 52-week high of $258.66. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05. The stock has a market cap of $140.30 billion, a PE ratio of 21.62, a P/E/G ratio of 2.23 and a beta of 1.05.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.76 by ($0.01). Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The firm had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. During the same period last year, the firm earned $2.51 EPS. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Union Pacific will post 11.07 EPS for the current year.

Insiders Place Their Bets

In related news, President Elizabeth F. Whited sold 3,552 shares of the stock in a transaction that occurred 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 completion of the sale, the president now owns 64,945 shares of the company’s stock, 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. Corporate insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On Union Pacific

A number of institutional investors have recently bought and sold shares of the company. Marshall Wace LLP raised its position in shares of Union Pacific by 272.3% during the 2nd quarter. Marshall Wace LLP now owns 1,678,108 shares of the railroad operator’s stock valued at $379,689,000 after buying an additional 1,227,318 shares during the period. Capital World Investors increased its stake in Union Pacific by 35.3% during the first quarter. Capital World Investors now owns 4,118,477 shares of the railroad operator’s stock worth $1,012,857,000 after acquiring an additional 1,073,625 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Union Pacific by 19,878.6% during the 3rd quarter. International Assets Investment Management LLC now owns 896,040 shares of the railroad operator’s stock worth $220,856,000 after purchasing an additional 891,555 shares during the period. Capital Research Global Investors boosted its stake in Union Pacific by 7.6% during the first quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock worth $1,812,689,000 after buying an additional 518,985 shares during the period. Finally, Bridges Investment Management Inc. raised its stake in shares of Union Pacific by 186.4% in the 2nd quarter. Bridges Investment Management Inc. now owns 704,769 shares of the railroad operator’s stock valued at $159,461,000 after acquiring an additional 458,664 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Company Profile

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.