Union Pacific (NYSE:UNP) Given New $275.00 Price Target at Guggenheim

Union Pacific (NYSE:UNP) had its price target lifted by stock analysts at Guggenheim from $266.00 to $275.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the railroad operator’s stock. Guggenheim’s price objective suggests a potential upside of 10.33% from the company’s previous close.

Several other equities analysts have also issued reports on UNP. Wells Fargo & Company cut their price target on shares of Union Pacific from $267.00 to $265.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Citigroup boosted their price target on Union Pacific from $254.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday. Sanford C. Bernstein reduced their price target on Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. StockNews.com cut Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. cut their target price on Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Nine analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and a consensus target price of $261.10.

Union Pacific Stock Performance

Shares of NYSE UNP traded up $1.21 during midday trading on Friday, hitting $249.26. 1,244,920 shares of the stock traded hands, compared to its average volume of 2,611,266. Union Pacific has a one year low of $218.55 and a one year high of $258.66. The firm has a market capitalization of $151.11 billion, a P/E ratio of 22.89, a PEG ratio of 2.12 and a beta of 1.06. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. The firm has a 50-day moving average of $233.78 and a two-hundred day moving average of $239.22.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.76 by $0.15. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. During the same quarter last year, the business earned $2.71 earnings per share. On average, equities analysts forecast that Union Pacific will post 10.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Union Pacific

Hedge funds have recently bought and sold shares of the company. State Street Corp grew its stake in Union Pacific by 0.9% in the 3rd quarter. State Street Corp now owns 24,788,337 shares of the railroad operator’s stock valued at $6,109,829,000 after buying an additional 217,780 shares in the last quarter. Geode Capital Management LLC lifted its stake in Union Pacific by 1.4% in the third quarter. Geode Capital Management LLC now owns 12,813,686 shares of the railroad operator’s stock worth $3,146,451,000 after acquiring an additional 182,620 shares during the period. Franklin Resources Inc. lifted its position in Union Pacific by 9.3% during the third quarter. Franklin Resources Inc. now owns 7,322,450 shares of the railroad operator’s stock valued at $1,795,993,000 after buying an additional 625,492 shares during the period. Fisher Asset Management LLC increased its position in Union Pacific by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 6,285,585 shares of the railroad operator’s stock valued at $1,549,271,000 after buying an additional 143,896 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Union Pacific by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator’s stock valued at $1,350,924,000 after acquiring an additional 124,571 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other 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.