TD Cowen Cuts Union Pacific (NYSE:UNP) Price Target to $257.00

Union Pacific (NYSE:UNP) had its target price cut by TD Cowen from $258.00 to $257.00 in a report issued on Friday morning,Benzinga reports. They currently have a buy rating on the railroad operator’s stock.

Other research analysts have also issued reports about the stock. Baird R W upgraded shares of Union Pacific to a “hold” rating in a research report on Tuesday, July 1st. Loop Capital upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and upped their target price for the stock from $214.00 to $227.00 in a research report on Tuesday, September 16th. UBS Group set a $253.00 target price on shares of Union Pacific and gave the stock a “neutral” rating in a research report on Friday, October 3rd. Sanford C. Bernstein upped their target price on shares of Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Union Pacific in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $261.63.

Union Pacific Stock Down 1.6%

UNP opened at $216.56 on Friday. The company has a fifty day moving average price of $224.95 and a 200-day moving average price of $224.40. The firm has a market capitalization of $128.44 billion, a P/E ratio of 18.40, a price-to-earnings-growth ratio of 2.27 and a beta of 1.07. 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 has a one year low of $204.66 and a one year high of $256.84.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS 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%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.75 EPS. Equities research analysts expect that Union Pacific will post 11.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Union Pacific

Several hedge funds and other institutional investors have recently modified their holdings of the company. First Horizon Corp bought a new position in shares of Union Pacific during the third quarter valued at about $7,080,000. Vicus Capital bought a new position in shares of Union Pacific during the third quarter valued at about $269,000. Pinnacle Bancorp Inc. raised its stake in shares of Union Pacific by 4.7% during the third quarter. Pinnacle Bancorp Inc. now owns 5,751 shares of the railroad operator’s stock valued at $1,359,000 after acquiring an additional 259 shares during the last quarter. MGO One Seven LLC raised its stake in shares of Union Pacific by 143.9% during the third quarter. MGO One Seven LLC now owns 30,268 shares of the railroad operator’s stock valued at $7,154,000 after acquiring an additional 17,860 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its stake in shares of Union Pacific by 425.7% during the third quarter. Meeder Asset Management Inc. now owns 150,815 shares of the railroad operator’s stock valued at $35,648,000 after acquiring an additional 122,125 shares during the last quarter. 80.38% of the stock is 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.