Union Pacific (NYSE:UNP) Price Target Lowered to $255.00 at Wells Fargo & Company

Union Pacific (NYSE:UNP) had its price target trimmed by Wells Fargo & Company from $270.00 to $255.00 in a research note released on Friday morning, Benzinga reports. The firm currently has an overweight rating on the railroad operator’s stock.

Several other equities analysts have also issued reports on UNP. Evercore ISI lowered Union Pacific from an “outperform” rating to an “inline” rating and lowered their price target for the company from $254.00 to $247.00 in a research note on Wednesday, September 25th. Royal Bank of Canada boosted their price objective on Union Pacific from $275.00 to $288.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. TD Cowen reduced their target price on Union Pacific from $259.00 to $255.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Susquehanna boosted their price target on shares of Union Pacific from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Finally, StockNews.com lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and a consensus target price of $259.15.

Union Pacific Stock Performance

Shares of NYSE UNP traded down $0.45 during trading hours on Friday, hitting $230.30. 2,952,224 shares of the company’s stock were exchanged, compared to its average volume of 2,281,261. The company’s 50-day moving average price is $246.02 and its 200-day moving average price is $238.48. Union Pacific has a 1-year low of $199.97 and a 1-year high of $258.66. The stock has a market capitalization of $140.30 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 2.23 and a beta of 1.05. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86.

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

Insider Buying and Selling

In related news, President Elizabeth F. Whited sold 3,552 shares of the company’s stock in a transaction 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 completion of the transaction, the president now directly owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.28% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Union Pacific

Several hedge funds have recently modified their holdings of UNP. Richardson Capital Management LLC bought a new stake in shares of Union Pacific during the 1st quarter worth approximately $26,000. Cultivar Capital Inc. bought a new stake in Union Pacific during the second quarter worth $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in Union Pacific in the second quarter valued at $28,000. Tributary Capital Management LLC bought a new position in Union Pacific during the first quarter worth about $30,000. Finally, Financial Gravity Asset Management Inc. increased its position in Union Pacific by 3,250.0% during the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock worth $30,000 after buying an additional 130 shares during 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.