JPMorgan Chase & Co. Has Lowered Expectations for Union Pacific (NYSE:UNP) Stock Price

Key Points

• JPMorgan Chase & Co. has lowered its price target for Union Pacific stock from $267.00 to $265.00, maintaining a "neutral" rating, which suggests a potential upside of 13.84% from the current price.
• Union Pacific shares saw a slight increase of 0.4% during midday trading, reaching $232.78 amid mixed sentiments from various analysts regarding the stock's outlook.
• Institutional investors hold 80.38% of Union Pacific shares, indicating strong institutional interest and confidence in the company's prospects despite recent rating changes.

Union Pacific (NYSE:UNP - Get Free Report) had its price target cut by analysts at JPMorgan Chase & Co. from $267.00 to $265.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the railroad operator's stock. JPMorgan Chase & Co.'s target price points to a potential upside of 13.84% from the company's current price.

Several other equities research analysts have also recently commented on the stock. Susquehanna reiterated a "positive" rating and issued a $272.00 price target (up from $257.00) on shares of Union Pacific in a research report on Thursday, September 25th. Barclays downgraded Union Pacific from an "overweight" rating to an "equal weight" rating in a report on Wednesday, July 30th. BMO Capital Markets increased their price objective on Union Pacific from $270.00 to $277.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Weiss Ratings restated a "hold (c+)" rating on shares of Union Pacific in a report on Wednesday. Finally, Citigroup upgraded Union Pacific from a "neutral" rating to a "buy" rating and increased their price target for the company from $250.00 to $251.00 in a report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $261.08.

Union Pacific Stock Up 0.4%

Shares of NYSE:UNP traded up $0.92 during midday trading on Wednesday, reaching $232.78. The company had a trading volume of 2,519,066 shares, compared to its average volume of 3,597,805. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The stock's fifty day moving average price is $223.99 and its 200-day moving average price is $224.51. The stock has a market capitalization of $138.07 billion, a P/E ratio of 20.24, a PEG ratio of 2.47 and a beta of 1.07. Union Pacific has a one year low of $204.66 and a one year high of $256.84.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping analysts' consensus estimates of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter in the previous year, the company posted $2.74 earnings per share. The firm's revenue was up 2.4% on a year-over-year basis. Equities research analysts expect that Union Pacific will post 11.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Union Pacific

Several institutional investors have recently modified their holdings of the business. Marshall Financial Group LLC lifted its holdings in shares of Union Pacific by 5.7% during the 3rd quarter. Marshall Financial Group LLC now owns 4,620 shares of the railroad operator's stock valued at $1,092,000 after purchasing an additional 249 shares in the last quarter. Ipswich Investment Management Co. Inc. lifted its holdings in shares of Union Pacific by 10.3% during the 3rd quarter. Ipswich Investment Management Co. Inc. now owns 8,548 shares of the railroad operator's stock valued at $2,020,000 after purchasing an additional 795 shares in the last quarter. Osprey Private Wealth LLC bought a new position in shares of Union Pacific during the 3rd quarter valued at about $295,000. Fiduciary Alliance LLC lifted its holdings in shares of Union Pacific by 9.5% during the 3rd quarter. Fiduciary Alliance LLC now owns 2,036 shares of the railroad operator's stock valued at $481,000 after purchasing an additional 176 shares in the last quarter. Finally, Czech National Bank lifted its holdings in shares of Union Pacific by 3.1% during the 3rd quarter. Czech National Bank now owns 150,620 shares of the railroad operator's stock valued at $35,602,000 after purchasing an additional 4,576 shares in the last quarter. Institutional investors own 80.38% of the company's stock.

About Union Pacific

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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