Robert W. Baird Trims Union Pacific (NYSE:UNP) Target Price to $260.00

Union Pacific (NYSE:UNP) had its price objective reduced by Robert W. Baird from $270.00 to $260.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the railroad operator’s stock. Robert W. Baird’s price target suggests a potential upside of 12.68% from the company’s current price.

A number of other research firms have also weighed in on UNP. TD Cowen reduced their target price on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Wells Fargo & Company decreased their price objective on Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a report on Friday. Bank of America cut their target price on Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. StockNews.com cut Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Finally, Citigroup assumed coverage on Union Pacific in a research note on Wednesday, October 9th. They issued a “neutral” rating and a $264.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $259.75.

Union Pacific Trading Down 4.4 %

Shares of UNP stock opened at $230.75 on Friday. The stock’s fifty day moving average price is $246.57 and its two-hundred day moving average price is $238.60. The company has a market cap of $140.57 billion, a PE ratio of 21.67, a P/E/G ratio of 2.23 and a beta of 1.05. Union Pacific has a fifty-two week low of $199.97 and a fifty-two week high of $258.66. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.76 by ($0.01). The firm had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. Union Pacific’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.51 EPS. Equities analysts predict that Union Pacific will post 11.07 EPS for the current fiscal year.

Insider Activity

In other news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total transaction of $875,887.68. Following the completion of the sale, the president now owns 64,945 shares in the company, valued at $16,014,787.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On Union Pacific

Hedge funds and other institutional investors have recently modified their holdings of the company. Richardson Capital Management LLC bought a new stake in Union Pacific during the first quarter worth $26,000. Strategic Investment Solutions Inc. IL bought a new stake in Union Pacific during the second quarter worth $28,000. Cultivar Capital Inc. bought a new stake in Union Pacific during the second quarter worth $27,000. Tributary Capital Management LLC bought a new stake in Union Pacific during the first quarter worth $30,000. Finally, Jamison Private Wealth Management Inc. grew its holdings in Union Pacific by 265.7% during the third quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock worth $32,000 after buying an additional 93 shares in the last quarter. 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.