Union Pacific (NYSE:UNP) Price Target Raised to $270.00

Union Pacific (NYSE:UNP - Get Free Report) had its target price increased by equities researchers at Raymond James Financial from $258.00 to $270.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "strong-buy" rating on the railroad operator's stock. Raymond James Financial's price objective indicates a potential upside of 16.79% from the company's previous close.

Several other brokerages have also recently weighed in on UNP. Robert W. Baird began coverage on Union Pacific in a report on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 price objective for the company. Redburn Atlantic raised Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 price target for the company in a report on Wednesday, April 16th. Sanford C. Bernstein reissued an "outperform" rating and set a $271.00 price target (up previously from $267.00) on shares of Union Pacific in a report on Tuesday, July 8th. Wells Fargo & Company lowered their price target on Union Pacific from $265.00 to $260.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Finally, Baird R W raised Union Pacific to a "hold" rating in a report on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $257.13.

Union Pacific Price Performance

NYSE UNP traded down $2.13 during midday trading on Tuesday, hitting $231.18. The company had a trading volume of 2,419,272 shares, compared to its average volume of 2,739,535. The company has a market capitalization of $138.13 billion, a PE ratio of 20.83, a P/E/G ratio of 2.34 and a beta of 1.05. The company has a current ratio of 0.73, a quick ratio of 0.61 and a debt-to-equity ratio of 1.91. The firm has a 50-day moving average price of $226.80 and a 200-day moving average price of $231.18. Union Pacific has a twelve month low of $204.66 and a twelve month high of $258.07.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.73 by ($0.03). The company had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.11 billion. Union Pacific had a net margin of 27.76% and a return on equity of 40.80%. Union Pacific's revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.69 earnings per share. As a group, analysts anticipate that Union Pacific will post 11.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Union Pacific

Several institutional investors and hedge funds have recently made changes to their positions in UNP. Allred Capital Management LLC increased its position in shares of Union Pacific by 0.5% during the fourth quarter. Allred Capital Management LLC now owns 8,349 shares of the railroad operator's stock worth $1,904,000 after purchasing an additional 40 shares in the last quarter. Palogic Value Management L.P. increased its position in shares of Union Pacific by 1.5% during the fourth quarter. Palogic Value Management L.P. now owns 2,823 shares of the railroad operator's stock worth $644,000 after purchasing an additional 42 shares in the last quarter. Pines Wealth Management LLC increased its position in shares of Union Pacific by 1.7% during the second quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator's stock worth $595,000 after purchasing an additional 43 shares in the last quarter. Titleist Asset Management LLC increased its position in shares of Union Pacific by 1.1% during the first quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator's stock worth $946,000 after purchasing an additional 44 shares in the last quarter. Finally, Mystic Asset Management Inc. increased its position in shares of Union Pacific by 2.0% during the fourth quarter. Mystic Asset Management Inc. now owns 2,309 shares of the railroad operator's stock worth $527,000 after purchasing an additional 45 shares in the last quarter. 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.