BMO Capital Markets Cuts Union Pacific (NYSE:UNP) Price Target to $275.00

Key Points

• BMO Capital Markets has reduced its price target for Union Pacific from $277.00 to $275.00 while maintaining an "outperform" rating, suggesting a potential upside of 24.97% from the stock's previous close.
• Other analysts, including Goldman Sachs and Royal Bank of Canada, have also made adjustments to their ratings and price targets, with the company's consensus rating currently at "Moderate Buy" and an average target price of $261.58.
• Union Pacific reported earnings of $3.08 per share for the last quarter, exceeding expectations, with a revenue of $6.24 billion, reflecting a 2.5% year-over-year increase.

Union Pacific (NYSE:UNP - Get Free Report) had its target price dropped by investment analysts at BMO Capital Markets from $277.00 to $275.00 in a report issued on Friday,Benzinga reports. The firm currently has an "outperform" rating on the railroad operator's stock. BMO Capital Markets' target price indicates a potential upside of 24.97% from the company's previous close.

Several other analysts have also issued reports on the company. The Goldman Sachs Group set a $263.00 price target on Union Pacific and gave the company a "neutral" rating in a report on Thursday. Royal Bank Of Canada boosted their price objective on Union Pacific from $257.00 to $276.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Susquehanna reissued a "positive" rating and issued a $272.00 target price (up from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. Argus cut shares of Union Pacific from a "buy" rating to a "hold" rating in a research note on Tuesday, August 12th. Finally, Robert W. Baird initiated coverage on shares of Union Pacific in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $261.58.

Union Pacific Stock Performance

Shares of NYSE UNP opened at $220.05 on Friday. Union Pacific has a 12-month low of $204.66 and a 12-month high of $256.84. The firm has a market capitalization of $130.51 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 2.34 and a beta of 1.07. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The firm has a 50 day moving average of $225.03 and a 200 day moving average of $224.22.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.09. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The business had revenue of $6.24 billion for the quarter, compared to analysts' expectations of $6.24 billion. During the same quarter last year, the company posted $2.75 EPS. The company's revenue was up 2.5% compared to the same quarter last year. On average, research analysts anticipate that Union Pacific will post 11.99 earnings per share for the current year.

Hedge Funds Weigh In On Union Pacific

Several hedge funds have recently modified their holdings of the stock. CBIZ Investment Advisory Services LLC increased its holdings in Union Pacific by 1,400.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator's stock valued at $28,000 after acquiring an additional 112 shares during the last quarter. Howard Hughes Medical Institute bought a new position in shares of Union Pacific during the 2nd quarter valued at about $30,000. Total Investment Management Inc. purchased a new position in shares of Union Pacific during the second quarter valued at about $31,000. Financial Gravity Asset Management Inc. purchased a new stake in shares of Union Pacific in the first quarter worth about $32,000. Finally, Financial Gravity Companies Inc. purchased a new stake in shares of Union Pacific in the second quarter worth about $31,000. Hedge funds and other institutional investors 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.

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