Robert W. Baird Trims Union Pacific (NYSE:UNP) Target Price to $260.00

Union Pacific (NYSE:UNP) had its target price trimmed by Robert W. Baird from $270.00 to $260.00 in a report issued on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the railroad operator’s stock.

Other equities analysts also recently issued reports about the company. Bank of America dropped their price target on Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Raymond James boosted their price target on Union Pacific from $265.00 to $275.00 and gave the company a “strong-buy” rating in a research note on Monday, October 14th. TD Cowen lowered their price objective on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Stifel Nicolaus dropped their price objective on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Finally, Daiwa America downgraded shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $259.15.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $230.30 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. The firm has a market cap of $140.51 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05. The business has a 50-day simple moving average of $246.02 and a two-hundred day simple moving average of $238.47. Union Pacific has a fifty-two week low of $199.97 and a fifty-two week high of $258.66.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.78 by ($0.03). Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The company had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.14 billion. During the same period in the previous year, the firm earned $2.51 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts expect that Union Pacific will post 11.07 earnings per share for the current year.

Insiders Place Their Bets

In other news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total transaction 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 filing with the SEC, which is available at the SEC website. 0.28% of the stock is currently owned by corporate insiders.

Institutional Trading of Union Pacific

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Forum Financial Management LP increased its holdings in shares of Union Pacific by 0.6% in the first 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 last quarter. Fairhaven Wealth Management LLC increased its stake in Union Pacific by 1.7% in 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 last quarter. Chesapeake Wealth Management raised its holdings in shares of 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 in the last quarter. Fortis Capital Advisors LLC boosted its position in shares of Union Pacific by 5.0% during the 1st quarter. Fortis Capital Advisors LLC now owns 916 shares of the railroad operator’s stock valued at $225,000 after acquiring an additional 44 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV grew its holdings in shares of Union Pacific by 0.5% in the second quarter. Azzad Asset Management Inc. ADV now owns 8,384 shares of the railroad operator’s stock valued at $1,897,000 after purchasing an additional 44 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

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.