Union Pacific (NYSE:UNP) Price Target Raised to $260.00

Union Pacific (NYSE:UNP) had its target price upped by Susquehanna from $250.00 to $260.00 in a report released on Wednesday morning, Benzinga reports. Susquehanna currently has a neutral rating on the railroad operator’s stock.

UNP has been the subject of several other reports. TD Cowen cut their target price on shares of Union Pacific from $259.00 to $255.00 and set a buy rating for the company in a research note on Friday, July 26th. Daiwa America downgraded Union Pacific from a moderate buy rating to a hold rating in a research report on Wednesday, September 4th. Wells Fargo & Company assumed coverage on Union Pacific in a research note on Friday, June 7th. They set an overweight rating and a $270.00 price target for the company. Stifel Nicolaus decreased their price objective on Union Pacific from $267.00 to $265.00 and set a buy rating on the stock in a report on Wednesday, July 17th. Finally, Benchmark reissued a buy rating and issued a $266.00 target price on shares of Union Pacific in a report on Monday, July 29th. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $259.32.

Union Pacific Stock Performance

UNP opened at $238.86 on Wednesday. The firm has a market cap of $145.51 billion, a P/E ratio of 22.79, a PEG ratio of 2.24 and a beta of 1.05. Union Pacific has a 1-year low of $199.33 and a 1-year high of $258.66. The company has a 50 day simple moving average of $246.18 and a two-hundred day simple moving average of $238.83. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.03. The business had revenue of $6.01 billion during the quarter, compared to analyst estimates of $6.05 billion. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. Union Pacific’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.57 EPS. Equities analysts forecast that Union Pacific will post 11.1 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 2.24%. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Friday, August 30th. Union Pacific’s dividend payout ratio is presently 51.15%.

Insider Activity at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the stock in a transaction 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 sale, the president now owns 64,945 shares in the company, valued at $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 SEC, which is available at this hyperlink. 0.28% of the stock is owned by company insiders.

Hedge Funds Weigh In On Union Pacific

A number of institutional investors have recently modified their holdings of UNP. Forum Financial Management LP increased its holdings in Union Pacific by 0.6% during the 1st quarter. Forum Financial Management LP now owns 7,037 shares of the railroad operator’s stock worth $1,731,000 after purchasing an additional 41 shares during the period. Prestige Wealth Management Group LLC increased its stake in shares of Union Pacific by 1.4% during the first quarter. Prestige Wealth Management Group LLC now owns 3,015 shares of the railroad operator’s stock valued at $741,000 after buying an additional 42 shares during the period. Fairhaven Wealth Management LLC raised its holdings in shares of Union Pacific by 1.7% in the second quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock valued at $584,000 after acquiring an additional 43 shares in the last quarter. Chesapeake Wealth Management lifted its stake in Union Pacific by 0.5% in the second quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock worth $1,856,000 after acquiring an additional 43 shares during the period. Finally, Elevated Capital Advisors LLC grew its holdings in Union Pacific by 3.6% during the 1st quarter. Elevated Capital Advisors LLC now owns 1,269 shares of the railroad operator’s stock worth $312,000 after acquiring an additional 44 shares in the last quarter. 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.