Union Pacific (NYSE:UNP) Given New $270.00 Price Target at Raymond James Financial

Union Pacific (NYSE:UNP) had its price objective hoisted by equities research analysts at Raymond James Financial from $258.00 to $270.00 in a research note issued on Tuesday, July 15th, MarketBeat.com reports. The firm presently has a “strong-buy” rating on the railroad operator’s stock. Raymond James Financial’s price objective suggests a potential upside of 20.63% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. The Goldman Sachs Group reiterated a “neutral” rating and set a $263.00 price objective on shares of Union Pacific in a research report on Monday, June 2nd. Susquehanna upgraded shares of Union Pacific from a “neutral” rating to a “positive” rating and upped their target price for the company from $245.00 to $260.00 in a research report on Tuesday, June 24th. Argus upgraded shares of Union Pacific to a “strong-buy” rating in a research report on Friday, May 16th. Stephens decreased their target price on shares of Union Pacific from $275.00 to $255.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Finally, Wells Fargo & Company decreased their target price on shares of Union Pacific from $265.00 to $260.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and an average target price of $259.46.

Union Pacific Price Performance

Shares of UNP traded down $5.42 during trading hours on Tuesday, reaching $223.82. 19,089,423 shares of the stock traded hands, compared to its average volume of 3,610,551. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. Union Pacific has a 52-week low of $204.66 and a 52-week high of $258.07. The company’s 50-day moving average price is $227.07 and its two-hundred day moving average price is $231.00. The company has a market cap of $133.73 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 2.27 and a beta of 1.05.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. The company had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. Union Pacific’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.74 EPS. On average, analysts anticipate that Union Pacific will post 11.99 earnings per share for the current year.

Hedge Funds Weigh In On Union Pacific

A number of hedge funds have recently added to or reduced their stakes in UNP. Proficio Capital Partners LLC grew its stake in Union Pacific by 46.1% in the 4th quarter. Proficio Capital Partners LLC now owns 2,211 shares of the railroad operator’s stock worth $504,000 after acquiring an additional 698 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in Union Pacific by 0.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 6,435 shares of the railroad operator’s stock worth $1,468,000 after acquiring an additional 48 shares in the last quarter. Cibc World Markets Corp grew its stake in Union Pacific by 15.7% in the 4th quarter. Cibc World Markets Corp now owns 95,761 shares of the railroad operator’s stock worth $21,837,000 after acquiring an additional 13,024 shares in the last quarter. Flagship Wealth Advisors LLC bought a new position in Union Pacific in the 4th quarter worth about $120,000. Finally, Argent Advisors Inc. grew its stake in Union Pacific by 1.2% in the 4th quarter. Argent Advisors Inc. now owns 6,737 shares of the railroad operator’s stock worth $1,536,000 after acquiring an additional 82 shares in the last quarter. 80.38% of the stock is currently owned by 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.