Union Pacific (NYSE:UNP) PT Lowered to $275.00 at Royal Bank of Canada

Union Pacific (NYSE:UNP) had its price target trimmed by Royal Bank of Canada from $281.00 to $275.00 in a report released on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the railroad operator’s stock.

UNP has been the topic of several other reports. Susquehanna dropped their price target on shares of Union Pacific from $270.00 to $250.00 and set a neutral rating on the stock in a research report on Tuesday, June 25th. The Goldman Sachs Group increased their price objective on Union Pacific from $248.00 to $274.00 and gave the stock a buy rating in a report on Thursday, April 11th. Jefferies Financial Group started coverage on Union Pacific in a research note on Monday, April 8th. They issued a hold rating and a $250.00 target price on the stock. Wells Fargo & Company initiated coverage on Union Pacific in a research note on Friday, June 7th. They set an overweight rating and a $270.00 price target for the company. Finally, Loop Capital lowered shares of Union Pacific from a buy rating to a hold rating and reduced their price objective for the company from $276.00 to $238.00 in a research note on Monday, June 17th. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $258.79.

Union Pacific Price Performance

Shares of NYSE UNP opened at $242.15 on Friday. The business has a 50-day moving average of $229.87 and a 200-day moving average of $239.04. The company has a market capitalization of $147.52 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 2.13 and a beta of 1.07. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86. Union Pacific has a 1-year low of $199.33 and a 1-year high of $258.66.

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

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 2.21%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Friday, August 30th. Union Pacific’s dividend payout ratio (DPR) is presently 49.62%.

Institutional Trading of Union Pacific

A number of institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC raised its position in shares of Union Pacific by 58.4% in the 4th quarter. Global Retirement Partners LLC now owns 17,189 shares of the railroad operator’s stock valued at $4,060,000 after acquiring an additional 6,339 shares during the period. Caprock Group LLC lifted its stake in Union Pacific by 19.2% in the 4th quarter. Caprock Group LLC now owns 6,366 shares of the railroad operator’s stock valued at $1,564,000 after purchasing an additional 1,025 shares during the last quarter. Symphony Financial Ltd. Co. increased its holdings in shares of Union Pacific by 3.9% during the 4th quarter. Symphony Financial Ltd. Co. now owns 1,512 shares of the railroad operator’s stock worth $357,000 after acquiring an additional 57 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in shares of Union Pacific by 5.1% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 2,914 shares of the railroad operator’s stock valued at $716,000 after purchasing an additional 142 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in Union Pacific during the fourth quarter worth approximately $8,237,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

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.