Union Pacific (NYSE:UNP) Raised to "Buy" at Redburn Atlantic
Redburn Atlantic upgraded Union Pacific (NYSE:UNP) from "neutral" to "buy" with a target price of $259.00, indicating a potential upside of 17.72%. Other analysts have varied ratings, with one sell, seven holds, fourteen buys, and one strong buy. The stock opened at $220.01, with a market cap of $131.85 billion and a P/E ratio of 19.84. Recent insider sales were noted, and hedge funds have adjusted their positions in the company. Union Pacific reported $2.91 EPS last quarter, exceeding estimates.
Union Pacific (NYSE:UNP - Get Free Report) was upgraded by Redburn Atlantic from a "neutral" rating to a "buy" rating in a report released on Wednesday,Benzinga reports. The brokerage currently has a $259.00 price objective on the railroad operator's stock. Redburn Atlantic's target price points to a potential upside of 17.72% from the stock's previous close.
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UNP has been the subject of several other reports. BMO Capital Markets raised their target price on shares of Union Pacific from $275.00 to $277.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Jefferies Financial Group cut their price objective on Union Pacific from $255.00 to $230.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Stifel Nicolaus dropped their price target on Union Pacific from $270.00 to $248.00 and set a "buy" rating on the stock in a research note on Monday. Wells Fargo & Company reduced their price objective on shares of Union Pacific from $265.00 to $260.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Finally, Robert W. Baird increased their price objective on shares of Union Pacific from $260.00 to $265.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $257.50.
View Our Latest Research Report on UNP
Union Pacific Stock Performance
- Industrial's building a base for upward momentum
Shares of UNP opened at $220.01 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. Union Pacific has a 12 month low of $204.66 and a 12 month high of $258.07. The firm has a fifty day simple moving average of $236.56 and a 200 day simple moving average of $236.97. The stock has a market capitalization of $131.85 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 2.15 and a beta of 1.06.
Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.76 by $0.15. Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. During the same period in the previous year, the business posted $2.71 earnings per share. Research analysts forecast that Union Pacific will post 11.99 EPS for the current fiscal year.
Insider Activity at Union Pacific
- All Aboard! The Sell-Side Has Railroads In Reversal
In other news, EVP Craig V. Richardson sold 6,495 shares of the firm's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $252.00, for a total transaction of $1,636,740.00. Following the completion of the transaction, the executive vice president now directly owns 26,319 shares in the company, valued at $6,632,388. This trade represents a 19.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Elizabeth F. Whited sold 7,500 shares of the business's stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,875,000.00. Following the completion of the transaction, the president now owns 64,960 shares in the company, valued at $16,240,000. This trade represents a 10.35 % decrease in their position. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in UNP. Howard Capital Management Group LLC boosted its stake in Union Pacific by 16.4% during the third quarter. Howard Capital Management Group LLC now owns 2,860 shares of the railroad operator's stock worth $705,000 after acquiring an additional 403 shares in the last quarter. Anchor Investment Management LLC grew its stake in shares of Union Pacific by 0.6% in the 3rd quarter. Anchor Investment Management LLC now owns 43,071 shares of the railroad operator's stock valued at $10,616,000 after buying an additional 276 shares during the period. World Investment Advisors LLC increased its position in Union Pacific by 103.1% in the 3rd quarter. World Investment Advisors LLC now owns 35,581 shares of the railroad operator's stock valued at $8,770,000 after buying an additional 18,060 shares in the last quarter. Arvest Bank Trust Division acquired a new position in Union Pacific during the 3rd quarter worth approximately $16,680,000. Finally, Wilmington Savings Fund Society FSB boosted its holdings in Union Pacific by 124.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 52,963 shares of the railroad operator's stock worth $13,054,000 after acquiring an additional 29,330 shares in the last quarter. 80.38% of the stock is owned by institutional investors.
About Union Pacific
(Get Free Report)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.
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