Robert W. Baird Increases Union Pacific (NYSE:UNP) Price Target to $344.00

Union Pacific (NYSE:UNP) had its price target increased by equities research analysts at Robert W. Baird from $311.00 to $344.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the railroad operator’s stock. Robert W. Baird’s price target suggests a potential upside of 11.85% from the company’s previous close.

UNP has been the subject of several other reports. Benchmark upped their target price on shares of Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday. Barclays reaffirmed an “overweight” rating and issued a $350.00 target price (up from $315.00) on shares of Union Pacific in a research note on Friday. TD Cowen reaffirmed a “buy” rating and issued a $325.00 price objective (up from $282.00) on shares of Union Pacific in a research note on Friday. JPMorgan Chase & Co. upped their price target on shares of Union Pacific from $304.00 to $334.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Citizens Jmp started coverage on Union Pacific in a report on Wednesday, July 15th. They set an “outperform” rating and a $350.00 target price for the company. Two research 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $320.89.

Union Pacific Price Performance

NYSE:UNP opened at $307.54 on Monday. The firm has a market capitalization of $182.70 billion, a price-to-earnings ratio of 24.90, a P/E/G ratio of 3.16 and a beta of 0.96. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99. The stock has a fifty day moving average of $275.12 and a 200 day moving average of $258.50. Union Pacific has a 52-week low of $210.84 and a 52-week high of $315.99.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.26 by $0.15. The firm had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the company posted $3.03 EPS. On average, research analysts expect that Union Pacific will post 12.84 EPS for the current fiscal year.

Insider Activity at Union Pacific

In related news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the transaction, the executive vice president directly owned 43,012 shares in the company, valued at approximately $11,353,447.52. The trade was a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.22% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Regent Peak Wealth Advisors LLC increased its holdings in Union Pacific by 6.4% in the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 2,104 shares of the railroad operator’s stock worth $572,000 after acquiring an additional 127 shares in the last quarter. Tema ETFs LLC lifted its holdings in Union Pacific by 10.2% during the second quarter. Tema ETFs LLC now owns 10,966 shares of the railroad operator’s stock valued at $2,983,000 after purchasing an additional 1,015 shares in the last quarter. Dagco Inc. boosted its position in shares of Union Pacific by 4.8% in the second quarter. Dagco Inc. now owns 2,267 shares of the railroad operator’s stock worth $616,000 after purchasing an additional 103 shares during the period. Fiduciary Financial Group LLC increased its stake in shares of Union Pacific by 8.8% in the second quarter. Fiduciary Financial Group LLC now owns 1,451 shares of the railroad operator’s stock worth $395,000 after purchasing an additional 117 shares in the last quarter. Finally, Kentucky Trust Co raised its position in shares of Union Pacific by 29.2% during the 2nd quarter. Kentucky Trust Co now owns 177 shares of the railroad operator’s stock valued at $48,000 after purchasing an additional 40 shares during the period. Institutional investors own 80.38% of the company’s stock.

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.