Barclays Trims Union Pacific (NYSE:UNP) Target Price to $280.00

Union Pacific (NYSE:UNP) had its target price lowered by Barclays from $290.00 to $280.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an overweight rating on the railroad operator’s stock.

UNP has been the topic of several other reports. Royal Bank of Canada lowered their target price on Union Pacific from $281.00 to $275.00 and set an outperform rating on the stock in a research note on Friday. TD Cowen lifted their target price on Union Pacific from $252.00 to $258.00 and gave the company a buy rating in a research note on Friday, April 26th. JPMorgan Chase & Co. lifted their target price on Union Pacific from $237.00 to $243.00 and gave the company a neutral rating in a research note on Tuesday, April 9th. Raymond James reiterated a strong-buy rating and issued a $280.00 target price (up from $275.00) on shares of Union Pacific in a research note on Friday, April 26th. Finally, Wells Fargo & Company began coverage on Union Pacific in a research note on Friday, June 7th. They issued an overweight rating and a $270.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $258.79.

Union Pacific Price Performance

UNP stock opened at $240.36 on Friday. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.76. The firm has a market capitalization of $146.65 billion, a P/E ratio of 22.94, a P/E/G ratio of 2.06 and a beta of 1.06. The business’s 50-day moving average is $229.90 and its two-hundred day moving average is $239.00. Union Pacific has a 1 year low of $199.33 and a 1 year high of $258.66.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.71 by $0.03. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The business had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter in the prior year, the business posted $2.57 EPS. The business’s revenue for the quarter was up .7% on a year-over-year basis. Analysts anticipate that Union Pacific will post 11.11 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be given a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 2.23%. The ex-dividend date is Friday, August 30th. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s payout ratio is 49.62%.

Institutional Trading of Union Pacific

Several institutional investors and hedge funds have recently made changes to their positions in UNP. OLD Point Trust & Financial Services N A bought a new stake in shares of Union Pacific during the 4th quarter valued at $25,000. Richardson Capital Management LLC bought a new stake in shares of Union Pacific in the 1st quarter valued at $26,000. Raleigh Capital Management Inc. increased its position in shares of Union Pacific by 211.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock valued at $27,000 after buying an additional 74 shares in the last quarter. Cultivar Capital Inc. bought a new stake in shares of Union Pacific in the 2nd quarter valued at $27,000. Finally, Scarborough Advisors LLC bought a new stake in shares of Union Pacific in the 4th quarter valued at $29,000. Institutional investors own 80.38% of the company’s stock.

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.