JPMorgan Chase & Co. Issues Pessimistic Forecast for Union Pacific (NYSE:UNP) Stock Price

Union Pacific (NYSE:UNP - Get Free Report) had its price target reduced by stock analysts at JPMorgan Chase & Co. from $334.00 to $322.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a "neutral" rating on the railroad operator's stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 15.81% from the company's previous close.

Other equities analysts have also recently issued research reports about the company. UBS Group upgraded Union Pacific from a "neutral" rating to a "buy" rating and raised their price target for the company from $310.00 to $339.00 in a report on Wednesday, September 16th. Citigroup upped their price objective on Union Pacific from $326.00 to $349.00 and gave the stock a "buy" rating in a report on Friday, July 24th. Barclays reiterated an "overweight" rating and set a $350.00 target price (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Susquehanna cut their target price on shares of Union Pacific from $345.00 to $333.00 and set a "positive" rating for the company in a report on Friday. Finally, Citizens Jmp assumed coverage on shares of Union Pacific in a research report on Wednesday, July 15th. They issued an "outperform" rating and a $350.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $326.33.

Union Pacific Price Performance

UNP stock traded down $0.23 during mid-day trading on Monday, hitting $278.05. The company had a trading volume of 499,273 shares, compared to its average volume of 3,005,107. The company has a 50-day moving average price of $290.29 and a 200 day moving average price of $273.86. Union Pacific has a 12-month low of $215.53 and a 12-month high of $315.99. The company has a market capitalization of $165.18 billion, a price-to-earnings ratio of 22.50, a P/E/G ratio of 2.77 and a beta of 0.95. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, beating analysts' consensus estimates of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The firm had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.72 billion. During the same quarter last year, the business posted $3.03 earnings per share. The business's quarterly revenue was up 11.5% compared to the same quarter last year. On average, research analysts anticipate that Union Pacific will post 13.01 earnings per share for the current year.

Institutional Trading of Union Pacific

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp raised its stake in shares of Union Pacific by 4.9% in the second quarter. State Street Corp now owns 27,890,598 shares of the railroad operator's stock valued at $7,586,243,000 after acquiring an additional 1,302,732 shares during the period. Bank of America Corp DE boosted its stake in shares of Union Pacific by 0.4% during the 2nd quarter. Bank of America Corp DE now owns 14,527,563 shares of the railroad operator's stock worth $3,951,497,000 after purchasing an additional 64,492 shares during the period. Franklin Resources Inc. grew its holdings in Union Pacific by 0.5% during the 4th quarter. Franklin Resources Inc. now owns 7,198,449 shares of the railroad operator's stock valued at $1,665,145,000 after purchasing an additional 34,115 shares during the last quarter. Invesco Ltd. grew its holdings in Union Pacific by 5.1% during the 4th quarter. Invesco Ltd. now owns 6,885,560 shares of the railroad operator's stock valued at $1,592,768,000 after purchasing an additional 334,435 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in Union Pacific in the 2nd quarter worth about $1,193,135,000. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Company Profile

Union Pacific Corporation NYSE: UNP is a freight railroad company that operates one of the largest rail networks in North America. Through its principal subsidiary, Union Pacific Railroad, the company provides transportation services for businesses across the western two-thirds of the United States.

Union Pacific transports a broad range of commodities and manufactured goods, including agricultural products, automotive vehicles and parts, chemicals, coal, industrial products, forest products, and intermodal containers.

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