TD Cowen Forecasts Strong Price Appreciation for Union Pacific (NYSE:UNP) Stock

Union Pacific (NYSE:UNP) had its target price upped by equities researchers at TD Cowen from $245.00 to $258.00 in a research report issued on Friday,Briefing.com Automated Import reports. The firm currently has a “buy” rating on the railroad operator’s stock. TD Cowen’s price target suggests a potential upside of 4.11% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Susquehanna lowered their price objective on Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Benchmark reiterated a “buy” rating and issued a $266.00 price objective on shares of Union Pacific in a research note on Friday, October 25th. Royal Bank of Canada decreased their target price on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Barclays lifted their price target on shares of Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Finally, Citigroup increased their price target on Union Pacific from $255.00 to $267.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Union Pacific has an average rating of “Moderate Buy” and a consensus price target of $259.90.

Union Pacific Stock Performance

Shares of UNP stock opened at $247.83 on Friday. Union Pacific has a 52 week low of $218.55 and a 52 week high of $258.66. The company has a market capitalization of $150.25 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 2.12 and a beta of 1.06. The company has a 50-day simple moving average of $233.54 and a 200 day simple moving average of $239.16. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, January 23rd. The railroad operator reported $2.91 EPS for the quarter, beating the consensus estimate of $2.76 by $0.15. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. During the same period in the prior year, the business earned $2.71 EPS. On average, sell-side analysts predict that Union Pacific will post 10.96 earnings per share for the current year.

Institutional Investors Weigh In On Union Pacific

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp raised its position in Union Pacific by 0.9% in the third quarter. State Street Corp now owns 24,788,337 shares of the railroad operator’s stock valued at $6,109,829,000 after purchasing an additional 217,780 shares during the last quarter. Geode Capital Management LLC raised its holdings in Union Pacific by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 12,813,686 shares of the railroad operator’s stock valued at $3,146,451,000 after buying an additional 182,620 shares during the last quarter. Franklin Resources Inc. boosted its position in Union Pacific by 9.3% during the 3rd quarter. Franklin Resources Inc. now owns 7,322,450 shares of the railroad operator’s stock worth $1,795,993,000 after buying an additional 625,492 shares during the period. Fisher Asset Management LLC grew its holdings in Union Pacific by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 6,285,585 shares of the railroad operator’s stock worth $1,549,271,000 after acquiring an additional 143,896 shares during the last quarter. Finally, Legal & General Group Plc increased its position in Union Pacific by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator’s stock valued at $1,350,924,000 after acquiring an additional 124,571 shares during the period. Institutional investors own 80.38% of the company’s stock.

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.