Barclays Issues Positive Forecast for Union Pacific (NYSE:UNP) Stock Price

Union Pacific (NYSE:UNP) had its target price boosted by Barclays from $275.00 to $285.00 in a report released on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the railroad operator’s stock.

UNP has been the topic of a number of other research reports. Wells Fargo & Company dropped their price objective on Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. TD Cowen reduced their target price on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating for the company in a report on Friday, October 25th. Evercore ISI downgraded Union Pacific from an “outperform” rating to an “inline” rating and decreased their price target for the stock from $254.00 to $247.00 in a report on Wednesday, September 25th. Susquehanna reduced their price objective on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Finally, Bank of America decreased their target price on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

Union Pacific Stock Performance

NYSE UNP opened at $240.34 on Wednesday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. The company has a market cap of $145.71 billion, a P/E ratio of 22.07, a P/E/G ratio of 2.36 and a beta of 1.06. The stock has a 50-day moving average of $242.77 and a two-hundred day moving average of $238.63. Union Pacific has a 1-year low of $212.47 and a 1-year high of $258.66.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing the consensus estimate of $2.78 by ($0.03). The company had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.51 earnings per share. As a group, analysts anticipate that Union Pacific will post 10.94 EPS for the current year.

Hedge Funds Weigh In On Union Pacific

Institutional investors and hedge funds have recently modified their holdings of the company. CreativeOne Wealth LLC boosted its stake in Union Pacific by 6.8% in the 3rd quarter. CreativeOne Wealth LLC now owns 15,807 shares of the railroad operator’s stock worth $3,896,000 after buying an additional 1,008 shares during the last quarter. Glenmede Trust Co. NA raised its stake in Union Pacific by 0.5% during the third quarter. Glenmede Trust Co. NA now owns 376,303 shares of the railroad operator’s stock worth $92,751,000 after purchasing an additional 1,844 shares during the period. Cynosure Group LLC boosted its holdings in shares of Union Pacific by 90.7% in the 3rd quarter. Cynosure Group LLC now owns 64,262 shares of the railroad operator’s stock valued at $15,839,000 after purchasing an additional 30,560 shares during the last quarter. Hardy Reed LLC grew its stake in shares of Union Pacific by 1.9% during the 3rd quarter. Hardy Reed LLC now owns 6,334 shares of the railroad operator’s stock valued at $1,561,000 after buying an additional 117 shares during the period. Finally, Townsquare Capital LLC increased its holdings in shares of Union Pacific by 19.7% during the 3rd quarter. Townsquare Capital LLC now owns 23,660 shares of the railroad operator’s stock worth $5,832,000 after buying an additional 3,889 shares during the last quarter. Hedge funds and other 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.