Barclays Trims Union Pacific (NYSE:UNP) Target Price to $280.00

Union Pacific (NYSE:UNP) had its target price lowered by research analysts at Barclays from $290.00 to $280.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the railroad operator’s stock. Barclays‘s price objective would suggest a potential upside of 16.34% from the company’s current price.

UNP has been the subject of a number of other reports. Benchmark raised their target price on Union Pacific from $260.00 to $266.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. raised their price objective on Union Pacific from $237.00 to $243.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Evercore ISI raised their price objective on Union Pacific from $271.00 to $273.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Sanford C. Bernstein cut their price objective on Union Pacific from $290.00 to $273.00 and set an “outperform” rating for the company in a research report on Monday, July 8th. Finally, Susquehanna cut 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. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and an average price target of $258.88.

Union Pacific Trading Up 2.3 %

Shares of UNP traded up $5.32 during midday trading on Friday, reaching $240.67. The company had a trading volume of 939,563 shares, compared to its average volume of 2,300,756. Union Pacific has a 1-year low of $199.33 and a 1-year high of $258.66. The stock has a market cap of $146.84 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 2.03 and a beta of 1.06. The firm has a 50 day simple moving average of $229.99 and a 200-day simple moving average of $238.99. The company has a quick ratio of 0.76, a current ratio of 0.93 and a debt-to-equity ratio of 1.99.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.04. Union Pacific had a return on equity of 44.34% and a net margin of 26.52%. The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same period last year, the company earned $2.57 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. Research analysts forecast that Union Pacific will post 11.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Union Pacific

Hedge funds and other institutional investors have recently made changes to their positions in the stock. OLD Point Trust & Financial Services N A purchased a new position in shares of Union Pacific in the 4th quarter valued at about $25,000. Richardson Capital Management LLC acquired a new stake in shares of Union Pacific during the 1st quarter worth about $26,000. Raleigh Capital Management Inc. raised its position in shares of Union Pacific by 211.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock worth $27,000 after acquiring an additional 74 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in shares of Union Pacific during the 4th quarter worth about $29,000. Finally, Cultivar Capital Inc. acquired a new stake in shares of Union Pacific during the 2nd quarter worth about $27,000. Hedge funds and other 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.