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

Union Pacific (NYSE:UNP) had its price target upped by Citigroup from $244.00 to $270.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the railroad operator’s stock.

A number of other brokerages have also issued reports on UNP. Sanford C. Bernstein reissued an “outperform” rating and set a $271.00 target price (up from $267.00) on shares of Union Pacific in a research note on Tuesday. Robert W. Baird initiated coverage on shares of Union Pacific in a research note on Tuesday, July 1st. They set a “neutral” rating and a $231.00 target price for the company. Redburn Atlantic raised shares of Union Pacific from a “neutral” rating to a “buy” rating and set a $259.00 target price for the company in a research note on Wednesday, April 16th. Stephens lowered their target price on shares of Union Pacific from $275.00 to $255.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Finally, Argus raised shares of Union Pacific to a “strong-buy” rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $256.63.

Union Pacific Stock Down 0.8%

NYSE UNP opened at $235.01 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 0.73 and a debt-to-equity ratio of 1.91. The company has a fifty day moving average of $226.11 and a two-hundred day moving average of $231.14. The firm has a market capitalization of $140.41 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 2.38 and a beta of 1.05. Union Pacific has a 52 week low of $204.66 and a 52 week high of $258.07.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 EPS for the quarter, missing the consensus estimate of $2.73 by ($0.03). The firm had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $6.11 billion. Union Pacific had a return on equity of 40.80% and a net margin of 27.76%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.69 earnings per share. On average, analysts predict that Union Pacific will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were issued a $1.34 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a yield of 2.28%. Union Pacific’s dividend payout ratio is presently 48.29%.

Hedge Funds Weigh In On Union Pacific

A number of large investors have recently added to or reduced their stakes in the company. Westfuller Advisors LLC bought a new position in Union Pacific in the second quarter worth about $813,000. Congress Park Capital LLC acquired a new position in shares of Union Pacific during the second quarter valued at about $224,000. Farther Finance Advisors LLC raised its position in shares of Union Pacific by 107.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 12,931 shares of the railroad operator’s stock valued at $2,975,000 after purchasing an additional 6,693 shares during the last quarter. Pinnacle Bancorp Inc. raised its position in shares of Union Pacific by 62.6% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 5,492 shares of the railroad operator’s stock valued at $1,264,000 after purchasing an additional 2,114 shares during the last quarter. Finally, Bridge Creek Capital Management LLC raised its position in shares of Union Pacific by 1.3% in the 2nd quarter. Bridge Creek Capital Management LLC now owns 17,399 shares of the railroad operator’s stock valued at $4,003,000 after purchasing an additional 220 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors.

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.