Citigroup Analysts Give Union Pacific (NYSE:UNP) a $264.00 Price Target

Citigroup set a $264.00 price target on Union Pacific (NYSE:UNP) in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the railroad operator’s stock.

A number of other research firms also recently weighed in on UNP. BMO Capital Markets set a $255.00 target price on shares of Union Pacific in a report on Wednesday. Royal Bank Of Canada set a $280.00 price target on Union Pacific in a research report on Thursday, December 18th. UBS Group set a $253.00 price objective on Union Pacific and gave the company a “neutral” rating in a research report on Friday, October 3rd. TD Cowen lowered their price objective on Union Pacific from $258.00 to $257.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 target price on Union Pacific in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and a consensus target price of $259.46.

Union Pacific Stock Down 0.7%

Shares of UNP opened at $228.30 on Thursday. The stock has a market capitalization of $135.42 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 2.48 and a beta of 0.99. Union Pacific has a 1 year low of $204.66 and a 1 year high of $256.84. The business’s 50 day simple moving average is $229.76 and its 200-day simple moving average is $227.21. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.09. The firm had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. Union Pacific’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $2.75 earnings per share. As a group, equities analysts expect that Union Pacific will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th were paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, December 5th. Union Pacific’s payout ratio is currently 46.90%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of UNP. Norges Bank purchased a new position in shares of Union Pacific during the second quarter valued at $1,856,340,000. Capital World Investors lifted its stake in Union Pacific by 193.3% in the third quarter. Capital World Investors now owns 10,481,043 shares of the railroad operator’s stock worth $2,477,404,000 after acquiring an additional 6,908,016 shares during the period. Capital Research Global Investors raised its holdings in shares of Union Pacific by 95.0% in the 3rd quarter. Capital Research Global Investors now owns 8,713,196 shares of the railroad operator’s stock valued at $2,059,538,000 after purchasing an additional 4,244,226 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Union Pacific by 72.7% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator’s stock worth $2,169,168,000 after purchasing an additional 3,861,636 shares during the period. Finally, Laurel Wealth Advisors LLC boosted its stake in shares of Union Pacific by 22,618.2% during the second quarter. Laurel Wealth Advisors LLC now owns 2,624,636 shares of the railroad operator’s stock valued at $603,876,000 after purchasing an additional 2,613,083 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two?thirds of the United States.