Union Pacific (NYSE:UNP) Price Target Raised to $258.00

Union Pacific (NYSE:UNP) had its target price hoisted by TD Cowen from $245.00 to $258.00 in a research note released on Friday, MarketBeat Ratings reports. The brokerage currently has a buy rating on the railroad operator’s stock.

A number of other research analysts have also recently issued reports on the stock. Benchmark reaffirmed a “buy” rating and issued a $266.00 target price on shares of Union Pacific in a report on Friday, October 25th. Raymond James raised their price objective on shares of Union Pacific from $260.00 to $265.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 10th. Susquehanna dropped their price objective on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Royal Bank of Canada dropped their price objective on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Citigroup raised their price objective on shares of Union Pacific from $255.00 to $267.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $263.30.

Union Pacific Trading Up 0.4 %

NYSE UNP opened at $248.94 on Friday. The stock has a market capitalization of $150.92 billion, a P/E ratio of 22.86, a P/E/G ratio of 2.12 and a beta of 1.06. Union Pacific has a 52-week low of $218.55 and a 52-week high of $258.66. The firm has a 50-day moving average price of $234.05 and a 200 day moving average price of $239.52. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.15. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. During the same quarter in the previous year, the company earned $2.71 earnings per share. Equities research analysts expect that Union Pacific will post 10.96 EPS for the current year.

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were issued a $1.34 dividend. The ex-dividend date was Monday, December 9th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.15%. Union Pacific’s dividend payout ratio (DPR) is presently 49.22%.

Hedge Funds Weigh In On Union Pacific

A number of hedge funds have recently made changes to their positions in the stock. Patron Partners LLC lifted its holdings in shares of Union Pacific by 13.8% during the 4th quarter. Patron Partners LLC now owns 4,239 shares of the railroad operator’s stock valued at $967,000 after acquiring an additional 515 shares in the last quarter. abrdn plc increased its position in shares of Union Pacific by 9.3% in the 4th quarter. abrdn plc now owns 415,874 shares of the railroad operator’s stock worth $94,588,000 after purchasing an additional 35,414 shares during the last quarter. Trust Point Inc. increased its position in shares of Union Pacific by 17.5% in the 4th quarter. Trust Point Inc. now owns 6,104 shares of the railroad operator’s stock worth $1,392,000 after purchasing an additional 908 shares during the last quarter. Childress Capital Advisors LLC increased its position in shares of Union Pacific by 2.7% in the 4th quarter. Childress Capital Advisors LLC now owns 2,243 shares of the railroad operator’s stock worth $512,000 after purchasing an additional 60 shares during the last quarter. Finally, Fourpath Capital Management LLC increased its position in shares of Union Pacific by 0.4% in the 4th quarter. Fourpath Capital Management LLC now owns 47,282 shares of the railroad operator’s stock worth $10,782,000 after purchasing an additional 183 shares during the last quarter. Institutional investors and hedge funds 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.