Union Pacific (NYSE:UNP) Stock Gets Price Target Cut from Citigroup

Union Pacific (NYSE:UNP) had its price target trimmed by Citigroup from $349.00 to $338.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a buy rating on the railroad operator’s stock.

UNP has been the topic of a number of other reports. Bank of America boosted their target price on Union Pacific from $301.00 to $334.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Stephens upgraded Union Pacific to a “strong-buy” rating in a research report on Wednesday, July 8th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a research note on Monday, July 13th. Benchmark boosted their price objective on shares of Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $335.00 price objective (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $325.72.

Union Pacific Price Performance

UNP stock opened at $278.32 on Wednesday. The firm has a 50 day moving average of $288.63 and a 200-day moving average of $275.00. Union Pacific has a 12-month low of $215.53 and a 12-month high of $315.99. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. The company has a market cap of $165.34 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 2.77 and a beta of 0.95.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, topping the consensus estimate of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%. The business had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same quarter in the previous year, the company earned $3.03 EPS. The company’s quarterly revenue was up 11.5% on a year-over-year basis. As a group, equities analysts expect that Union Pacific will post 13.03 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st were issued a dividend of $1.42 per share. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date was Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a yield of 2.0%. Union Pacific’s payout ratio is currently 45.99%.

Hedge Funds Weigh In On Union Pacific

Hedge funds have recently bought and sold shares of the stock. Wiser Advisor Group LLC acquired a new stake in shares of Union Pacific in the second quarter valued at about $30,000. Scarborough Advisors LLC purchased a new position in Union Pacific in the 1st quarter worth approximately $27,000. Cornerstone Financial Management LLC purchased a new position in Union Pacific in the 4th quarter worth approximately $27,000. Merkkuri Wealth Advisors LLC acquired a new stake in Union Pacific in the first quarter valued at approximately $29,000. Finally, Kelly Lawrence W & Associates Inc. CA acquired a new stake in Union Pacific in the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

About Union Pacific

Union Pacific Corporation (NYSE: UNP) is a freight railroad company that operates one of the largest rail networks in North America. Through its principal subsidiary, Union Pacific Railroad, the company provides transportation services for businesses across the western two-thirds of the United States.

Union Pacific transports a broad range of commodities and manufactured goods, including agricultural products, automotive vehicles and parts, chemicals, coal, industrial products, forest products, and intermodal containers.