Union Pacific (NYSE:UNP) Stock Moved Down to Hold by Robert W. Baird

Robert W. Baird cut shares of Union Pacific (NYSE:UNP) from a strong-buy rating to a hold rating in a report released on Thursday,Zacks reports.

Several other analysts have also recently issued reports on UNP. Wells Fargo & Company restated an “overweight” rating and issued a $335.00 target price (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. Bank of America raised their target price on Union Pacific from $301.00 to $334.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Rothschild & Co Redburn lifted their price target on Union Pacific from $313.00 to $323.00 and gave the stock a “buy” rating in a report on Tuesday, October 27th. BMO Capital Markets reissued a “market perform” rating and set a $320.00 price target (up from $285.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, Erste Group Bank began coverage on shares of Union Pacific in a research report on Thursday, August 27th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $325.09.

Union Pacific Trading Down 3.6%

Shares of Union Pacific stock opened at $297.36 on Thursday. The stock has a market cap of $176.71 billion, a P/E ratio of 23.18, a P/E/G ratio of 3.05 and a beta of 0.84. The stock’s 50 day simple moving average is $287.06 and its 200-day simple moving average is $271.56. Union Pacific has a 1-year low of $216.32 and a 1-year high of $315.99. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.16 and a quick ratio of 0.99.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 22nd. The railroad operator reported $3.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $0.06. Union Pacific had a return on equity of 37.54% and a net margin of 28.90%. The business had revenue of $7.20 billion during the quarter, compared to analyst estimates of $7.16 billion. During the same period in the prior year, the business earned $3.08 earnings per share. The business’s revenue was up 15.3% compared to the same quarter last year. Analysts predict that Union Pacific will post 13.13 EPS for the current fiscal year.

Institutional Trading of Union Pacific

Several institutional investors have recently made changes to their positions in the company. State Street Corp lifted its position in Union Pacific by 4.9% in the 2nd quarter. State Street Corp now owns 27,890,598 shares of the railroad operator’s stock valued at $7,586,243,000 after purchasing an additional 1,302,732 shares during the last quarter. Bank of America Corp DE boosted 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 during the period. Legal & General Group Plc bought a new position in Union Pacific in the 2nd quarter worth about $1,193,135,000. Royal Bank of Canada grew its position in Union Pacific by 0.5% in the 1st quarter. Royal Bank of Canada now owns 4,617,313 shares of the railroad operator’s stock worth $1,120,251,000 after purchasing an additional 23,698 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Union Pacific in the 2nd quarter worth about $1,094,677,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is a transportation company that operates one of the largest freight railroad networks in the United States. Through its Union Pacific Railroad subsidiary, the company moves goods across the western two-thirds of the country, connecting major agricultural, industrial, energy, population and port markets.

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