Union Pacific (NYSE:UNP) Price Target Cut to $255.00 by Analysts at TD Cowen

Union Pacific (NYSE:UNP) had its target price cut by TD Cowen from $259.00 to $255.00 in a report issued on Friday, Benzinga reports. They currently have a buy rating on the railroad operator’s stock.

Other equities research analysts also recently issued research reports about the stock. Morgan Stanley boosted their price objective on shares of Union Pacific from $198.00 to $210.00 and gave the company an equal weight rating in a research report on Friday, April 26th. Royal Bank of Canada dropped their price target on Union Pacific from $281.00 to $275.00 and set an outperform rating on the stock in a research report on Friday. JPMorgan Chase & Co. boosted their price objective on Union Pacific from $237.00 to $243.00 and gave the company a neutral rating in a research report on Tuesday, April 9th. StockNews.com cut Union Pacific from a buy rating to a hold rating in a research note on Tuesday, June 18th. Finally, Loop Capital lowered shares of Union Pacific from a buy rating to a hold rating and lowered their price target for the stock from $276.00 to $238.00 in a research report on Monday, June 17th. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $258.79.

Union Pacific Trading Up 2.1 %

NYSE UNP opened at $240.36 on Friday. The company’s fifty day simple moving average is $229.90 and its 200-day simple moving average is $239.00. The stock has a market cap of $146.65 billion, a P/E ratio of 22.94, a PEG ratio of 2.06 and a beta of 1.06. Union Pacific has a 52 week low of $199.33 and a 52 week high of $258.66. The company has a current ratio of 1.05, a quick ratio of 0.76 and a debt-to-equity ratio of 1.89.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, topping the consensus estimate of $2.71 by $0.03. The business had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $6.05 billion. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.57 earnings per share. Equities research analysts predict that Union Pacific will post 11.11 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be given a $1.34 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. The ex-dividend date is Friday, August 30th. This represents a $5.36 annualized dividend and a dividend yield of 2.23%. Union Pacific’s dividend payout ratio is presently 49.62%.

Institutional Trading of Union Pacific

Large investors have recently modified their holdings of the stock. OLD Point Trust & Financial Services N A acquired a new position in Union Pacific during the fourth quarter valued at approximately $25,000. Richardson Capital Management LLC bought a new position in shares of Union Pacific in the 1st quarter valued at $26,000. Raleigh Capital Management Inc. raised its holdings in shares of Union Pacific by 211.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock worth $27,000 after buying an additional 74 shares in the last quarter. Cultivar Capital Inc. bought a new stake in shares of Union Pacific during the 2nd quarter worth $27,000. Finally, Scarborough Advisors LLC acquired a new stake in Union Pacific in the fourth quarter valued at about $29,000. 80.38% of the stock is owned by institutional investors and hedge funds.

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.