Union Pacific (NYSE:UNP) Given New $258.00 Price Target at Raymond James

Union Pacific (NYSE:UNP) had its price target decreased by equities researchers at Raymond James from $260.00 to $258.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “strong-buy” rating on the railroad operator’s stock. Raymond James’ price objective suggests a potential upside of 20.93% from the stock’s previous close.

A number of other research analysts have also weighed in on UNP. Benchmark raised their price target on shares of Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 24th. UBS Group cut their target price on Union Pacific from $255.00 to $245.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Barclays reduced their target price on Union Pacific from $285.00 to $260.00 and set an “overweight” rating for the company in a report on Friday. BMO Capital Markets boosted their price target on shares of Union Pacific from $275.00 to $277.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Finally, Stifel Nicolaus reduced their price objective on Union Pacific from $270.00 to $248.00 and set a “buy” rating for the company in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $258.00.

Union Pacific Stock Performance

NYSE:UNP opened at $213.35 on Friday. The company has a 50 day simple moving average of $231.67 and a two-hundred day simple moving average of $235.66. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.77. Union Pacific has a fifty-two week low of $204.66 and a fifty-two week high of $258.07. The company has a market capitalization of $127.86 billion, a PE ratio of 19.24, a P/E/G ratio of 2.15 and a beta of 1.06.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 EPS for the quarter, missing the consensus estimate of $2.79 by ($0.09). Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. The company had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.11 billion. Research analysts anticipate that Union Pacific will post 11.99 earnings per share for the current year.

Insider Transactions at Union Pacific

In other news, EVP Craig V. Richardson sold 6,495 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $252.00, for a total value of $1,636,740.00. Following the completion of the sale, the executive vice president now owns 26,319 shares of the company’s stock, valued at approximately $6,632,388. This represents a 19.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On Union Pacific

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in Union Pacific by 12.6% in the 4th quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator’s stock worth $3,282,305,000 after acquiring an additional 1,616,895 shares during the last quarter. Capital Research Global Investors raised its position in shares of Union Pacific by 14.3% in the 4th quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator’s stock worth $2,370,559,000 after acquiring an additional 1,298,178 shares in the last quarter. Norges Bank purchased a new position in Union Pacific during the fourth quarter valued at $1,927,377,000. Franklin Resources Inc. lifted its position in Union Pacific by 5.0% during the 4th quarter. Franklin Resources Inc. now owns 7,686,387 shares of the railroad operator’s stock valued at $1,752,804,000 after acquiring an additional 363,937 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Union Pacific by 15.2% in the 4th quarter. Northern Trust Corp now owns 6,962,650 shares of the railroad operator’s stock worth $1,587,763,000 after purchasing an additional 920,414 shares in the last quarter. 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.