Bank of America Boosts Union Pacific (NYSE:UNP) Price Target to $262.00

Union Pacific (NYSE:UNP) had its target price upped by stock analysts at Bank of America from $256.00 to $262.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the railroad operator’s stock. Bank of America‘s target price suggests a potential upside of 13.25% from the company’s previous close.

UNP has been the topic of several other reports. Benchmark upped their target price on Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Jefferies Financial Group cut their target price on Union Pacific from $255.00 to $230.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Barclays cut their target price on Union Pacific from $285.00 to $260.00 and set an “overweight” rating on the stock in a research report on Friday, April 25th. UBS Group cut their target price on Union Pacific from $255.00 to $245.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. Finally, BMO Capital Markets upped their target price on Union Pacific from $275.00 to $277.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.50.

Union Pacific Stock Performance

Shares of UNP stock opened at $231.35 on Friday. The business’s fifty day simple moving average is $224.16 and its 200-day simple moving average is $233.68. The company has a market cap of $138.22 billion, a PE ratio of 20.86, a PEG ratio of 2.15 and a beta of 1.07. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. Union Pacific has a 12-month low of $204.66 and a 12-month high of $258.07.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.03). The business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.11 billion. Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the company posted $2.69 earnings per share. Analysts expect that Union Pacific will post 11.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Union Pacific

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UNP. Allred Capital Management LLC raised its stake in Union Pacific by 0.5% during the 4th quarter. Allred Capital Management LLC now owns 8,349 shares of the railroad operator’s stock worth $1,904,000 after acquiring an additional 40 shares in the last quarter. Palogic Value Management L.P. raised its stake in Union Pacific by 1.5% during the 4th quarter. Palogic Value Management L.P. now owns 2,823 shares of the railroad operator’s stock worth $644,000 after acquiring an additional 42 shares in the last quarter. Titleist Asset Management LLC raised its stake in Union Pacific by 1.1% during the 1st quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator’s stock worth $946,000 after acquiring an additional 44 shares in the last quarter. Pflug Koory LLC raised its stake in Union Pacific by 0.5% during the 4th quarter. Pflug Koory LLC now owns 8,569 shares of the railroad operator’s stock worth $1,954,000 after acquiring an additional 45 shares in the last quarter. Finally, Baron Wealth Management LLC raised its stake in Union Pacific by 3.3% during the 4th quarter. Baron Wealth Management LLC now owns 1,409 shares of the railroad operator’s stock worth $321,000 after acquiring an additional 45 shares in the last quarter. Hedge funds and other 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.