Union Pacific (NYSE:UNP) Cut to Hold at StockNews.com

Union Pacific (NYSE:UNPGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Other equities research analysts also recently issued research reports about the company. Bank of America downgraded Union Pacific from a “buy” rating to a “neutral” rating and set a $258.00 target price for the company. in a report on Friday, April 8th. Susquehanna lifted their price target on Union Pacific from $306.00 to $310.00 and gave the company a “positive” rating in a report on Thursday, April 7th. The Goldman Sachs Group lifted their price target on Union Pacific from $271.00 to $276.00 in a report on Thursday, April 21st. Citigroup lowered Union Pacific from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $287.00 to $235.00 in a research report on Thursday, May 19th. Finally, Susquehanna Bancshares upped their target price on Union Pacific from $306.00 to $310.00 in a research report on Thursday, April 7th. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $265.48.

Shares of UNP opened at $217.42 on Thursday. The company’s 50-day simple moving average is $242.80 and its 200-day simple moving average is $245.45. The stock has a market capitalization of $136.55 billion, a PE ratio of 20.67, a P/E/G ratio of 1.86 and a beta of 1.21. Union Pacific has a 1 year low of $195.68 and a 1 year high of $278.94. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.58 and a current ratio of 0.71.

Union Pacific (NYSE:UNPGet Rating) last announced its earnings results on Thursday, April 21st. The railroad operator reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.02. Union Pacific had a net margin of 30.06% and a return on equity of 50.20%. The business had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same period last year, the firm posted $2.00 earnings per share. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. On average, sell-side analysts predict that Union Pacific will post 11.64 earnings per share for the current year.

Union Pacific announced that its Board of Directors has authorized a stock buyback plan on Thursday, February 3rd that permits the company to buyback 100,000,000 shares. This buyback authorization permits the railroad operator to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

In other Union Pacific news, EVP Kenyatta G. Rocker sold 4,018 shares of Union Pacific stock in a transaction on Thursday, April 21st. The shares were sold at an average price of $250.00, for a total value of $1,004,500.00. Following the sale, the executive vice president now directly owns 41,177 shares in the company, valued at approximately $10,294,250. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.28% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Union Pacific during the fourth quarter valued at $1,449,526,000. BlackRock Inc. increased its holdings in shares of Union Pacific by 6.4% in the 4th quarter. BlackRock Inc. now owns 45,822,201 shares of the railroad operator’s stock valued at $11,543,985,000 after acquiring an additional 2,776,330 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Union Pacific by 316.9% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,965,684 shares of the railroad operator’s stock valued at $740,073,000 after buying an additional 2,254,336 shares during the period. Soroban Capital Partners LP grew its stake in shares of Union Pacific by 48.5% during the 3rd quarter. Soroban Capital Partners LP now owns 5,465,343 shares of the railroad operator’s stock worth $1,071,262,000 after purchasing an additional 1,784,379 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Union Pacific by 638.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,014,327 shares of the railroad operator’s stock worth $550,334,000 after buying an additional 1,741,490 shares in the last quarter. Hedge funds and other institutional investors own 80.26% of the company’s stock.

Union Pacific Company Profile (Get Rating)

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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.

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