Union Pacific (NYSE:UNP) had its target price boosted by BMO Capital Markets from $158.00 to $165.00 in a research note issued to investors on Friday, June 1st. BMO Capital Markets currently has an outperform rating on the railroad operator’s stock.
Several other research analysts have also issued reports on UNP. Citigroup upgraded shares of Union Pacific from a neutral rating to a buy rating in a research note on Wednesday, February 14th. Bank of America increased their price target on shares of Union Pacific from $150.00 to $159.00 and gave the stock a buy rating in a research note on Thursday, March 15th. Robert W. Baird reiterated a hold rating and issued a $148.00 price target on shares of Union Pacific in a research note on Tuesday, April 10th. Cowen reiterated a market perform rating and issued a $153.00 price target (up from $140.00) on shares of Union Pacific in a research note on Friday, June 1st. Finally, ValuEngine upgraded shares of Union Pacific from a hold rating to a buy rating in a research note on Wednesday, May 9th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $146.70.
NYSE:UNP opened at $143.95 on Friday. Union Pacific has a 12 month low of $101.06 and a 12 month high of $148.33. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.82 and a quick ratio of 0.65. The stock has a market capitalization of $110.22 billion, a PE ratio of 24.86, a P/E/G ratio of 1.76 and a beta of 0.80.
Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, April 26th. The railroad operator reported $1.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.02. Union Pacific had a net margin of 50.73% and a return on equity of 22.16%. The firm had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.39 billion. During the same period last year, the company posted $1.32 EPS. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. research analysts forecast that Union Pacific will post 7.63 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Thursday, May 31st will be issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Wednesday, May 30th. Union Pacific’s payout ratio is presently 50.43%.
In other news, EVP Elizabeth F. Whited sold 15,576 shares of the firm’s stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of $133.79, for a total transaction of $2,083,913.04. Following the sale, the executive vice president now owns 65,613 shares of the company’s stock, valued at approximately $8,778,363.27. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Union Pacific by 2.8% in the fourth quarter. BlackRock Inc. now owns 52,135,522 shares of the railroad operator’s stock worth $6,991,373,000 after buying an additional 1,434,475 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Union Pacific by 0.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 12,895,487 shares of the railroad operator’s stock worth $1,733,540,000 after buying an additional 103,948 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Union Pacific by 19.5% during the fourth quarter. TIAA CREF Investment Management LLC now owns 8,608,925 shares of the railroad operator’s stock valued at $1,154,457,000 after purchasing an additional 1,403,429 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Union Pacific by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 8,468,882 shares of the railroad operator’s stock valued at $1,135,678,000 after purchasing an additional 88,371 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Union Pacific by 6.8% during the fourth quarter. Franklin Resources Inc. now owns 7,975,695 shares of the railroad operator’s stock valued at $1,069,540,000 after purchasing an additional 510,037 shares in the last quarter. 78.71% of the stock is currently owned by institutional investors.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.
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