Union Pacific (NYSE:UNP) Stock Price Target Cut by Citigroup

Union Pacific (NYSE:UNP) had its target price decreased by Citigroup from $349.00 to $338.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the railroad operator’s stock. Citigroup’s price target would indicate a potential upside of 23.00% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Royal Bank Of Canada set a $326.00 price target on Union Pacific in a research note on Thursday, September 24th. The Goldman Sachs Group set a $317.00 price objective on Union Pacific and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Robert W. Baird boosted their target price on shares of Union Pacific from $311.00 to $344.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Citizens Jmp assumed coverage on shares of Union Pacific in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $350.00 target price on the stock. Finally, Erste Group Bank started coverage on shares of Union Pacific in a research note on Thursday, August 27th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $325.72.

Union Pacific Stock Down 0.7%

Union Pacific stock traded down $1.82 during trading hours on Wednesday, hitting $274.79. 1,051,747 shares of the stock traded hands, compared to its average volume of 3,000,109. Union Pacific has a one year low of $215.53 and a one year high of $315.99. The firm’s 50-day moving average price is $289.48 and its two-hundred day moving average price is $274.39. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. The company has a market cap of $163.25 billion, a PE ratio of 22.27, a PEG ratio of 2.76 and a beta of 0.95.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.26 by $0.15. The firm had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The business’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.03 EPS. On average, research analysts forecast that Union Pacific will post 13.01 EPS for the current year.

Institutional Investors Weigh In On Union Pacific

Institutional investors have recently modified their holdings of the stock. State Street Corp raised its position in shares of Union Pacific by 4.9% in the 2nd quarter. State Street Corp now owns 27,890,598 shares of the railroad operator’s stock worth $7,586,243,000 after purchasing an additional 1,302,732 shares during the last quarter. Bank of America Corp DE increased its stake in Union Pacific by 0.4% during the 2nd quarter. Bank of America Corp DE now owns 14,527,563 shares of the railroad operator’s stock valued at $3,951,497,000 after purchasing an additional 64,492 shares in the last quarter. Invesco Ltd. raised its holdings in Union Pacific by 5.1% in the fourth quarter. Invesco Ltd. now owns 6,885,560 shares of the railroad operator’s stock worth $1,592,768,000 after buying an additional 334,435 shares during the last quarter. Legal & General Group Plc purchased a new position in Union Pacific in the second quarter worth about $1,193,135,000. Finally, Royal Bank of Canada lifted its stake in shares of Union Pacific by 0.5% in the first quarter. Royal Bank of Canada now owns 4,617,313 shares of the railroad operator’s stock worth $1,120,251,000 after buying an additional 23,698 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is a freight railroad company that operates one of the largest rail networks in North America. Through its principal subsidiary, Union Pacific Railroad, the company provides transportation services for businesses across the western two-thirds of the United States.

Union Pacific transports a broad range of commodities and manufactured goods, including agricultural products, automotive vehicles and parts, chemicals, coal, industrial products, forest products, and intermodal containers.