Union Pacific (NYSE:UNP) Price Target Cut to $321.00 by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan cut Union Pacific’s price target slightly from $322 to $321 while maintaining a “neutral” rating, implying approximately 9.9% upside from the prior close.
• Analyst sentiment remains broadly positive: Union Pacific has a “Moderate Buy” consensus rating and an average price target of $325.22, with recent targets ranging from $294 to $344.
• Union Pacific exceeded quarterly expectations, reporting adjusted EPS of $3.53 versus the $3.47 consensus and revenue of $7.20 billion, up 15.3% year over year. Shares closed at $292.07, while institutional investors own 80.38% of the stock.

Union Pacific (NYSE:UNP - Get Free Report) had its target price lowered by equities research analysts at JPMorgan Chase & Co. from $322.00 to $321.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a "neutral" rating on the railroad operator's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 9.90% from the stock's previous close.

Several other equities research analysts also recently weighed in on the stock. BMO Capital Markets reaffirmed a "market perform" rating and issued a $320.00 price objective (up from $285.00) on shares of Union Pacific in a report on Friday, July 24th. Robert W. Baird raised their target price on shares of Union Pacific from $311.00 to $344.00 and gave the company an "outperform" rating in a research note on Monday, July 27th. Weiss Ratings upgraded shares of Union Pacific from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, October 9th. TD Cowen reaffirmed a "buy" rating and issued a $328.00 price target (up from $325.00) on shares of Union Pacific in a research note on Friday. Finally, Evercore reaffirmed an "outperform" rating and issued a $294.00 price target on shares of Union Pacific in a research note on Thursday, June 25th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Union Pacific has an average rating of "Moderate Buy" and an average price target of $325.22.

Union Pacific Stock Performance

UNP stock traded down $6.02 during trading on Friday, reaching $292.07. 1,569,669 shares of the company's stock were exchanged, compared to its average volume of 2,965,047. 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 has a 1-year low of $215.53 and a 1-year high of $315.99. The company's fifty day moving average price is $287.41 and its 200-day moving average price is $278.18. The firm has a market cap of $173.51 billion, a PE ratio of 23.69, a P/E/G ratio of 2.86 and a beta of 0.95.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.06. The company had revenue of $7.20 billion during the quarter, compared to analysts' expectations of $7.16 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%. The company's revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.08 earnings per share. On average, research analysts expect that Union Pacific will post 13.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Scarborough Advisors LLC acquired a new stake in Union Pacific in the 1st quarter valued at about $27,000. Merkkuri Wealth Advisors LLC bought a new position in shares of Union Pacific during the 1st quarter valued at about $29,000. Wiser Advisor Group LLC acquired a new position in shares of Union Pacific in the 2nd quarter worth approximately $30,000. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Union Pacific in the 2nd quarter worth approximately $34,000. Finally, Clark Wealth Partners grew its stake in shares of Union Pacific by 37.4% in the 3rd quarter. Clark Wealth Partners now owns 136 shares of the railroad operator's stock worth $37,000 after purchasing an additional 37 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Key Union Pacific News

Here are the key news stories impacting Union Pacific this week:

• Positive Sentiment: UNP reported record third-quarter revenue of approximately $7.20 billion and net income of $2.076 billion, up about 16% year over year. Adjusted EPS of $3.53 exceeded the $3.47 analyst consensus. Higher freight volumes, pricing gains and fuel-surcharge revenue more than offset inflation and fuel-cost pressure. Union Pacific Reports Third Quarter 2026 Results
• Positive Sentiment: Management affirmed expectations for reported 2026 EPS growth in the high-single-digit range and highlighted 6% volume growth and operational productivity improvements. Railroads are also benefiting as elevated trucking fuel costs encourage some freight to shift to rail. UNP affirms 2026 EPS growth outlook
• Positive Sentiment: Union Pacific raised its dividend for the 20th consecutive year. Stephens also lifted its price target to $352, while Erste Group maintained a Buy rating and modestly increased its 2026 and 2027 EPS forecasts. Stephens adjusts Union Pacific price target
• Neutral Sentiment: CEO Vincenzo Vena expressed very high confidence that the proposed Norfolk Southern merger will receive regulatory approval, with a targeted closing in 2027. Approval could create substantial long-term network and revenue opportunities, but remains subject to regulatory review. Union Pacific CEO discusses merger approval
• Negative Sentiment: UNP increased 2026 capital-expenditure guidance to $3.5 billion. The pending merger is also expected to redirect billions of dollars toward integration and investment rather than shareholder returns, potentially limiting the appeal of the dividend in the near term. Union Pacific dividend after earnings
• Negative Sentiment: Longtime CFO Jennifer Hamann plans to retire after 35 years with the railroad. Her departure adds leadership-transition uncertainty during the proposed merger and a period of elevated capital spending. Union Pacific CFO Jennifer Hamann to retire

About Union Pacific

Union Pacific Corporation NYSE: UNP is a transportation company that operates one of the largest freight railroad networks in the United States. Through its Union Pacific Railroad subsidiary, the company moves goods across the western two-thirds of the country, connecting major agricultural, industrial, energy, population and port markets.

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

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