Union Pacific (NYSE:UNP) Raised to "Hold" at Loop Capital

Key Points

• Union Pacific was upgraded from a "sell" to a "hold" rating by Loop Capital, with a new price target of $227.00, indicating a potential upside of 5.01% from its previous close.
• The company reported earnings per share of $3.03 for its last quarter, exceeding analysts' expectations of $2.84, with a revenue of $6.15 billion, surpassing the expected $6.09 billion.
• Institutional investors hold 80.38% of Union Pacific's stock, with significant recent increases in positions from several investment firms, indicating strong institutional confidence in the company.

Union Pacific (NYSE:UNP - Get Free Report) was upgraded by Loop Capital from a "sell" rating to a "hold" rating in a report released on Tuesday, MarketBeat Ratings reports. The firm presently has a $227.00 price target on the railroad operator's stock, up from their prior price target of $214.00. Loop Capital's price target suggests a potential upside of 5.01% from the stock's previous close.

Other analysts have also recently issued reports about the company. Susquehanna reduced their price target on Union Pacific from $260.00 to $257.00 and set a "positive" rating on the stock in a report on Wednesday, July 30th. Evercore ISI reduced their target price on Union Pacific from $244.00 to $238.00 and set an "in-line" rating on the stock in a report on Friday, July 25th. Raymond James Financial reiterated a "strong-buy" rating on shares of Union Pacific in a report on Tuesday, July 15th. Robert W. Baird started coverage on Union Pacific in a report on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 target price on the stock. Finally, Sanford C. Bernstein upped their target price on Union Pacific from $271.00 to $286.00 and gave the company an "outperform" rating in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $259.38.

Union Pacific Stock Up 0.6%

Shares of NYSE UNP opened at $216.18 on Tuesday. 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 company has a market cap of $128.20 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 2.09 and a beta of 1.03. Union Pacific has a 12 month low of $204.66 and a 12 month high of $256.84. The stock has a 50-day moving average price of $224.08 and a two-hundred day moving average price of $225.57.

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

Hedge Funds Weigh In On Union Pacific

A number of institutional investors have recently modified their holdings of UNP. Highline Wealth Partners LLC raised its position in shares of Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after purchasing an additional 59 shares during the period. CBIZ Investment Advisory Services LLC raised its position 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 buying an additional 112 shares during the last quarter. Howard Hughes Medical Institute purchased a new stake in Union Pacific in the 2nd quarter valued at $30,000. Financial Gravity Companies Inc. purchased a new stake in Union Pacific in the 2nd quarter valued at $31,000. Finally, Total Investment Management Inc. purchased a new stake in Union Pacific in the 2nd quarter valued at $31,000. 80.38% of the stock is owned by institutional investors and hedge funds.

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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