Union Pacific (NYSE:UNP) PT Lowered to $273.00 at Sanford C. Bernstein

Union Pacific (NYSE:UNP) had its price target reduced by equities researchers at Sanford C. Bernstein from $290.00 to $273.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the railroad operator’s stock. Sanford C. Bernstein’s target price would suggest a potential upside of 23.08% from the company’s previous close.

Several other analysts have also recently issued reports on UNP. The Goldman Sachs Group increased their price objective on Union Pacific from $248.00 to $274.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Wells Fargo & Company began coverage on Union Pacific in a research report on Friday, June 7th. They issued an “overweight” rating and a $270.00 price target on the stock. Susquehanna lowered their price objective on Union Pacific from $270.00 to $250.00 and set a “neutral” rating for the company in a research report on Tuesday, June 25th. Loop Capital cut shares of Union Pacific from a “buy” rating to a “hold” rating and reduced their target price for the company from $276.00 to $238.00 in a report on Monday, June 17th. Finally, Benchmark lifted their price target on shares of Union Pacific from $260.00 to $266.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and an average target price of $258.63.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $221.80 on Monday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.93 and a quick ratio of 0.76. The stock has a market capitalization of $135.32 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 1.91 and a beta of 1.06. The business has a 50-day moving average of $231.40 and a 200 day moving average of $239.48. Union Pacific has a 12 month low of $199.33 and a 12 month high of $258.66.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, April 25th. The railroad operator reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.50 by $0.19. The firm had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $5.97 billion. Union Pacific had a net margin of 26.52% and a return on equity of 44.34%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.67 earnings per share. As a group, sell-side analysts forecast that Union Pacific will post 11.22 earnings per share for the current year.

Hedge Funds Weigh In On Union Pacific

Large investors have recently modified their holdings of the company. Norges Bank purchased a new position in shares of Union Pacific in the 4th quarter valued at $1,832,127,000. Capital Research Global Investors lifted its stake in shares of Union Pacific by 23.1% during the fourth quarter. Capital Research Global Investors now owns 6,851,767 shares of the railroad operator’s stock worth $1,682,931,000 after purchasing an additional 1,285,144 shares in the last quarter. Winslow Capital Management LLC purchased a new stake in shares of Union Pacific in the fourth quarter worth about $293,162,000. Capital World Investors grew its stake in shares of Union Pacific by 35.3% in the first quarter. Capital World Investors now owns 4,118,477 shares of the railroad operator’s stock valued at $1,012,857,000 after buying an additional 1,073,625 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Union Pacific by 331.7% during the 4th quarter. Cerity Partners LLC now owns 1,143,298 shares of the railroad operator’s stock valued at $280,817,000 after buying an additional 878,490 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

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.