Union Pacific (NYSE:UNP) Price Target Cut to $338.00 by Analysts at Citigroup

Key Points

• Citigroup cut Union Pacific’s price target from $349 to $338 while maintaining a “buy” rating, implying approximately 23% upside from the prior close.
• Analyst sentiment remains broadly positive: Union Pacific has a “Moderate Buy” consensus rating and an average price target of $325.72, despite several recent target reductions.
• Union Pacific recently exceeded quarterly earnings and revenue expectations, reporting $3.41 in EPS and $6.86 billion in revenue, while institutional investors own 80.38% of its shares.

Union Pacific (NYSE:UNP - Get Free Report) had its target price cut by research analysts at Citigroup from $349.00 to $338.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the railroad operator's stock. Citigroup's target price would suggest a potential upside of 23.00% from the company's previous close.

Several other analysts have also issued reports on the stock. Royal Bank Of Canada set a $326.00 price target on shares of Union Pacific in a research report on Thursday, September 24th. JPMorgan Chase & Co. dropped their target price on Union Pacific from $334.00 to $322.00 and set a "neutral" rating for the company in a report on Monday. Susquehanna reduced their price target on Union Pacific from $345.00 to $333.00 and set a "positive" rating on the stock in a research report on Friday, October 2nd. The Goldman Sachs Group set a $317.00 price target on Union Pacific and gave the stock a "neutral" rating in a research note on Thursday, July 23rd. Finally, Erste Group Bank began coverage on Union Pacific in a research report on Thursday, August 27th. They issued a "buy" rating for the company. Two equities research 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's stock. According to MarketBeat.com, Union Pacific currently has an average rating of "Moderate Buy" and an average price target of $325.72.

Union Pacific Price Performance

Shares of UNP stock traded down $1.82 during trading hours on Wednesday, hitting $274.79. 1,051,747 shares of the company's stock were exchanged, compared to its average volume of 3,000,109. The company has a market capitalization of $163.25 billion, a PE ratio of 22.27, a PEG ratio of 2.76 and a beta of 0.95. Union Pacific has a 12-month low of $215.53 and a 12-month high of $315.99. The business's 50 day simple moving average is $289.48 and its 200-day simple moving average is $274.39. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. State Street Corp raised its holdings in shares of Union Pacific by 4.9% during 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 in the last quarter. Bank of America Corp DE boosted its holdings in Union Pacific by 0.4% in the second quarter. Bank of America Corp DE now owns 14,527,563 shares of the railroad operator's stock valued at $3,951,497,000 after acquiring an additional 64,492 shares in the last quarter. Invesco Ltd. increased its position 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 period. Nuveen LLC increased its position in Union Pacific by 8.3% during the 4th quarter. Nuveen LLC now owns 4,639,602 shares of the railroad operator's stock valued at $1,073,233,000 after purchasing an additional 357,431 shares during the period. Finally, Royal Bank of Canada raised its holdings in Union Pacific by 0.5% in the 1st quarter. Royal Bank of Canada now owns 4,617,313 shares of the railroad operator's stock worth $1,120,251,000 after purchasing an additional 23,698 shares in the last quarter. 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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