TD Cowen Boosts Union Pacific (NYSE:UNP) Price Target to $258.00

Union Pacific (NYSE:UNP) had its price objective hoisted by TD Cowen from $252.00 to $258.00 in a report issued on Friday, Marketbeat Ratings reports. They currently have a buy rating on the railroad operator’s stock.

UNP has been the topic of several other research reports. UBS Group raised their price target on Union Pacific from $235.00 to $248.00 and gave the company a neutral rating in a report on Friday, January 26th. The Goldman Sachs Group increased their target price on Union Pacific from $248.00 to $274.00 and gave the company a buy rating in a research note on Thursday, April 11th. Jefferies Financial Group initiated coverage on Union Pacific in a research note on Monday, April 8th. They issued a hold rating and a $250.00 target price on the stock. Sanford C. Bernstein raised Union Pacific from a market perform rating to an outperform rating and set a $280.00 target price on the stock in a research note on Monday, January 22nd. Finally, Raymond James raised their price target on Union Pacific from $240.00 to $275.00 and gave the stock a strong-buy rating in a research report on Tuesday, January 16th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $258.78.

Union Pacific Stock Down 0.3 %

UNP opened at $242.79 on Friday. Union Pacific has a twelve month low of $190.45 and a twelve month high of $258.66. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.67 and a current ratio of 0.93. The business has a 50 day moving average price of $244.27 and a 200 day moving average price of $235.33. The firm has a market cap of $148.13 billion, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 2.62 and a beta of 1.07.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, April 25th. The railroad operator reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.19. The company had revenue of $6.03 billion during the quarter, compared to analyst estimates of $5.97 billion. Union Pacific had a return on equity of 44.34% and a net margin of 26.52%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.67 earnings per share. Research analysts forecast that Union Pacific will post 11.08 EPS for the current year.

Union Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 29th were paid a dividend of $1.30 per share. The ex-dividend date was Wednesday, February 28th. This represents a $5.20 annualized dividend and a dividend yield of 2.14%. Union Pacific’s dividend payout ratio is currently 49.62%.

Insider Transactions at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,750 shares of Union Pacific stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $250.00, for a total value of $937,500.00. Following the completion of the transaction, the president now directly owns 56,682 shares of the company’s stock, valued at approximately $14,170,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Union Pacific

Institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Union Pacific in the fourth quarter worth approximately $1,832,127,000. Clearbridge Investments LLC grew its holdings in shares of Union Pacific by 108.9% in the third quarter. Clearbridge Investments LLC now owns 4,128,575 shares of the railroad operator’s stock valued at $840,702,000 after acquiring an additional 2,151,893 shares in the last quarter. FMR LLC grew its holdings in shares of Union Pacific by 62.8% in the third quarter. FMR LLC now owns 5,496,708 shares of the railroad operator’s stock valued at $1,119,295,000 after acquiring an additional 2,119,382 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Union Pacific by 23.1% in the fourth quarter. Capital Research Global Investors now owns 6,851,767 shares of the railroad operator’s stock valued at $1,682,931,000 after acquiring an additional 1,285,144 shares in the last quarter. Finally, Winslow Capital Management LLC bought a new position in shares of Union Pacific in the fourth quarter valued at approximately $293,162,000. 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.