Union Pacific (NYSE:UNP) Stock Price Expected to Rise, Raymond James Analyst Says

Union Pacific (NYSE:UNP) had its target price increased by Raymond James from $260.00 to $265.00 in a report published on Friday,Benzinga reports. Raymond James currently has a strong-buy rating on the railroad operator’s stock.

A number of other equities analysts also recently commented on UNP. Barclays raised their price objective on Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Citigroup lifted their price target on shares of Union Pacific from $255.00 to $267.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Evercore ISI downgraded shares of Union Pacific from an “outperform” rating to an “inline” rating and cut their target price for the company from $254.00 to $247.00 in a research note on Wednesday, September 25th. JPMorgan Chase & Co. decreased their price target on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Finally, Benchmark reissued a “buy” rating and issued a $266.00 price objective on shares of Union Pacific in a research report on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

Union Pacific Trading Down 2.9 %

Shares of UNP stock opened at $225.11 on Friday. Union Pacific has a 1-year low of $218.55 and a 1-year high of $258.66. The firm’s 50-day simple moving average is $234.64 and its 200-day simple moving average is $238.62. The firm has a market cap of $136.47 billion, a P/E ratio of 20.67, a PEG ratio of 2.33 and a beta of 1.06. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). The company had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.51 EPS. As a group, equities analysts forecast that Union Pacific will post 10.94 EPS for the current year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were given a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Monday, December 9th. Union Pacific’s payout ratio is currently 49.22%.

Hedge Funds Weigh In On Union Pacific

Several large investors have recently modified their holdings of the stock. Chesapeake Wealth Management raised its stake in Union Pacific by 0.5% during the second quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock valued at $1,856,000 after buying an additional 43 shares in the last quarter. Traveka Wealth LLC raised its position in shares of Union Pacific by 3.4% during the 3rd quarter. Traveka Wealth LLC now owns 1,357 shares of the railroad operator’s stock valued at $335,000 after acquiring an additional 45 shares in the last quarter. Red Mountain Financial LLC lifted its stake in Union Pacific by 2.0% during the third quarter. Red Mountain Financial LLC now owns 2,276 shares of the railroad operator’s stock worth $561,000 after purchasing an additional 45 shares during the last quarter. True Link Financial Advisors LLC boosted its holdings in Union Pacific by 1.2% in the third quarter. True Link Financial Advisors LLC now owns 4,016 shares of the railroad operator’s stock worth $990,000 after purchasing an additional 47 shares during the period. Finally, Alpha Financial Partners LLC increased its stake in Union Pacific by 3.6% during the second quarter. Alpha Financial Partners LLC now owns 1,453 shares of the railroad operator’s stock valued at $329,000 after purchasing an additional 50 shares during the last quarter. 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.