Wells Fargo & Company Trims Union Pacific (NYSE:UNP) Target Price to $255.00

Union Pacific (NYSE:UNP) had its price target reduced by Wells Fargo & Company from $270.00 to $255.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the railroad operator’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 10.51% from the stock’s previous close.

UNP has been the topic of several other research reports. Sanford C. Bernstein cut their target price on Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. Citigroup began coverage on shares of Union Pacific in a research report on Wednesday, October 9th. They issued a “neutral” rating and a $264.00 target price for the company. Daiwa America downgraded shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Raymond James increased their price objective on shares of Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a report on Monday, October 14th. Finally, Evercore ISI cut Union Pacific from an “outperform” rating to an “inline” rating and dropped their target price for the stock from $254.00 to $247.00 in a report on Wednesday, September 25th. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $259.75.

Union Pacific Stock Down 4.4 %

Union Pacific stock opened at $230.75 on Friday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05. Union Pacific has a one year low of $199.97 and a one year high of $258.66. The company has a 50-day simple moving average of $246.57 and a 200-day simple moving average of $238.60. The firm has a market capitalization of $140.57 billion, a P/E ratio of 21.67, a P/E/G ratio of 2.23 and a beta of 1.05.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing the consensus estimate of $2.76 by ($0.01). The firm had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.14 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 2.5% on a year-over-year basis. During the same quarter last year, the company posted $2.51 EPS. As a group, equities analysts expect that Union Pacific will post 11.07 earnings per share for the current year.

Insider Activity at Union Pacific

In related 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 completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.28% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Union Pacific

A number of institutional investors have recently bought and sold shares of the business. Forum Financial Management LP boosted its position 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 acquiring an additional 41 shares during the period. Fairhaven Wealth Management LLC boosted its position in Union Pacific by 1.7% during the 2nd quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock worth $584,000 after acquiring an additional 43 shares during the period. Chesapeake Wealth Management boosted its position in Union Pacific by 0.5% during the 2nd 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. Fortis Capital Advisors LLC boosted its position in Union Pacific by 5.0% during the 1st quarter. Fortis Capital Advisors LLC now owns 916 shares of the railroad operator’s stock worth $225,000 after acquiring an additional 44 shares during the period. Finally, Azzad Asset Management Inc. ADV boosted its position in Union Pacific by 0.5% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 8,384 shares of the railroad operator’s stock worth $1,897,000 after acquiring an additional 44 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

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.