Union Pacific (NYSE:UNP) Research Coverage Started at Citizens Jmp

Citizens Jmp initiated coverage on shares of Union Pacific (NYSE:UNP) in a research report report published on Wednesday, MarketBeat reports. The brokerage issued an outperform rating and a $350.00 price objective on the railroad operator’s stock.

Other equities analysts have also recently issued reports about the company. Weiss Ratings cut Union Pacific from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a report on Monday. Stephens upgraded Union Pacific to a “strong-buy” rating in a research report on Wednesday, July 8th. Wells Fargo & Company boosted their price objective on Union Pacific from $300.00 to $315.00 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. Finally, TD Cowen upped their price objective on shares of Union Pacific from $256.00 to $282.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $299.11.

Union Pacific Stock Up 0.7%

Shares of NYSE:UNP opened at $301.44 on Wednesday. The firm has a fifty day moving average price of $271.93 and a two-hundred day moving average price of $256.00. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.92 and a quick ratio of 0.73. Union Pacific has a one year low of $210.84 and a one year high of $303.15. The company has a market cap of $178.96 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 3.13 and a beta of 0.96.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.07. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The firm had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.12 billion. During the same period in the previous year, the business earned $2.70 EPS. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts anticipate that Union Pacific will post 12.62 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 29th were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, May 29th. Union Pacific’s dividend payout ratio is currently 45.47%.

Insider Activity at Union Pacific

In other Union Pacific news, EVP Kenyatta G. Rocker sold 27,387 shares of Union Pacific stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the completion of the sale, the executive vice president owned 61,102 shares of the company’s stock, valued at $16,605,079.52. The trade was a 30.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Eric J. Gehringer sold 2,991 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the transaction, the executive vice president owned 43,012 shares of the company’s stock, valued at $11,353,447.52. The trade was a 6.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,378 shares of company stock valued at $8,781,595 over the last 90 days. 0.22% of the stock is owned by insiders.

Hedge Funds Weigh In On Union Pacific

A number of large investors have recently modified their holdings of UNP. Key Financial Inc increased its holdings in Union Pacific by 2.1% during the first quarter. Key Financial Inc now owns 1,821 shares of the railroad operator’s stock valued at $442,000 after buying an additional 38 shares during the period. Members Trust Co lifted its holdings in Union Pacific by 2.5% during the first quarter. Members Trust Co now owns 1,573 shares of the railroad operator’s stock worth $382,000 after buying an additional 38 shares during the period. EJMK Ventures LLC lifted its holdings in Union Pacific by 4.0% during the first quarter. EJMK Ventures LLC now owns 1,016 shares of the railroad operator’s stock worth $247,000 after buying an additional 39 shares during the period. Wealthquest Corp lifted its holdings in Union Pacific by 3.7% during the first quarter. Wealthquest Corp now owns 1,108 shares of the railroad operator’s stock worth $269,000 after buying an additional 40 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Union Pacific by 5.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 791 shares of the railroad operator’s stock valued at $215,000 after acquiring an additional 40 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

More Union Pacific News

Here are the key news stories impacting Union Pacific this week:

• Positive Sentiment: Union Pacific received the first rail from Rocky Mountain Steel’s new $1.2 billion Pueblo mill, kicking off a seven-year domestic supply contract that could improve rail-input reliability and support efficiency. Article Title
• Positive Sentiment: Several analysts remain constructive, with recent price-target increases and buy/outperform-style ratings helping reinforce expectations for stronger earnings and continued momentum. Article Title
• Positive Sentiment: Heading into Q2 results, earnings estimates have been rising as stronger freight demand may offset volume and supply-chain pressures, which could set up a positive catalyst if Union Pacific beats expectations. Article Title
• Neutral Sentiment: A valuation article said Union Pacific looks fairly valued on cash flow, suggesting the shares may be closer to intrinsic value than deeply discounted, which is less of a near-term trading catalyst. Article Title
• Negative Sentiment: Dan Loeb’s Third Point cut its Union Pacific stake by more than 90% while also slashing other railroad holdings, a move that may pressure sentiment around the sector amid merger uncertainty. Article Title

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.