Raymond James Issues Positive Forecast for Union Pacific (NYSE:UNP) Stock Price

Union Pacific (NYSE:UNP) had its price target increased by equities research analysts at Raymond James from $260.00 to $265.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “strong-buy” rating on the railroad operator’s stock. Raymond James’ price target would suggest a potential upside of 17.05% from the company’s previous close.

Several other brokerages have also recently commented on UNP. Royal Bank of Canada dropped their target price on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Sanford C. Bernstein lowered their target price on Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. Wells Fargo & Company cut their price objective on shares of Union Pacific from $267.00 to $265.00 and set an “overweight” rating on the stock in a research report on Tuesday. TD Cowen lowered their price target on Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, Benchmark reissued a “buy” rating and set a $266.00 price target on shares of Union Pacific in a research report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

Union Pacific Price Performance

Shares of Union Pacific stock traded down $5.43 during mid-day trading on Friday, reaching $226.39. 827,271 shares of the stock were exchanged, compared to its average volume of 2,258,204. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. The company has a market cap of $137.25 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 2.33 and a beta of 1.06. Union Pacific has a fifty-two week low of $218.55 and a fifty-two week high of $258.66. The firm has a 50-day simple moving average of $234.80 and a 200 day simple moving average of $238.63.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The company had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. During the same period in the prior year, the company earned $2.51 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. On average, sell-side analysts predict that Union Pacific will post 10.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Union Pacific during the 2nd quarter valued at about $28,000. Catalyst Capital Advisors LLC bought a new position in Union Pacific during the third quarter valued at approximately $30,000. Jamison Private Wealth Management Inc. boosted its holdings in Union Pacific by 265.7% in the third quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock worth $32,000 after purchasing an additional 93 shares during the last quarter. Fairscale Capital LLC bought a new stake in Union Pacific in the 2nd quarter worth approximately $31,000. Finally, Dunhill Financial LLC raised its stake in Union Pacific by 111.5% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the railroad operator’s stock valued at $32,000 after buying an additional 68 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

About Union Pacific

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.