Union Pacific (NYSE:UNP) PT Lowered to $270.00 at Bank of America

Union Pacific (NYSE:UNP) had its price target reduced by equities researchers at Bank of America from $273.00 to $270.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the railroad operator’s stock. Bank of America‘s target price would indicate a potential upside of 9.95% from the company’s current price.

Other research analysts also recently issued reports about the stock. StockNews.com upgraded shares of Union Pacific from a “hold” rating to a “buy” rating in a research note on Monday. Barclays reduced their price objective on shares of Union Pacific from $290.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday, July 26th. Daiwa America downgraded shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Sanford C. Bernstein reduced their price objective on shares of Union Pacific from $290.00 to $273.00 and set an “outperform” rating on the stock in a research note on Monday, July 8th. Finally, Benchmark reiterated a “buy” rating and set a $266.00 price objective on shares of Union Pacific in a research note on Monday, July 29th. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $258.11.

Union Pacific Price Performance

Union Pacific stock opened at $245.56 on Tuesday. The firm has a market capitalization of $149.82 billion, a P/E ratio of 23.43, a PEG ratio of 2.22 and a beta of 1.05. The firm has a fifty day moving average of $245.73 and a 200-day moving average of $238.94. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. Union Pacific has a 52-week low of $199.33 and a 52-week high of $258.66.

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

Insider Buying and Selling

In related news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the sale, the president now directly owns 64,945 shares in the company, valued at approximately $16,014,787.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.28% of the company’s stock.

Institutional Trading of Union Pacific

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Anchor Investment Management LLC increased its position in shares of Union Pacific by 2.5% in the second quarter. Anchor Investment Management LLC now owns 42,795 shares of the railroad operator’s stock worth $9,683,000 after acquiring an additional 1,037 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Union Pacific by 38.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 154,543 shares of the railroad operator’s stock worth $34,967,000 after acquiring an additional 43,256 shares in the last quarter. Heritage Wealth Management Inc. purchased a new position in shares of Union Pacific in the second quarter worth approximately $1,604,000. Cim LLC grew its position in Union Pacific by 7.0% during the second quarter. Cim LLC now owns 8,676 shares of the railroad operator’s stock valued at $1,963,000 after purchasing an additional 568 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in Union Pacific during the second quarter valued at approximately $29,046,000. 80.38% of the stock is currently owned by 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.