TD Cowen Cuts Union Pacific (NYSE:UNP) Price Target to $255.00

Union Pacific (NYSE:UNP) had its target price cut by TD Cowen from $257.00 to $255.00 in a research report released on Wednesday morning, MarketBeat reports. They currently have a buy rating on the railroad operator’s stock.

Other analysts have also issued research reports about the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $267.00 price target on shares of Union Pacific in a research note on Tuesday. BMO Capital Markets set a $255.00 price target on Union Pacific in a research report on Wednesday, January 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Union Pacific in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on Union Pacific in a research report on Thursday, December 11th. Finally, Barclays reaffirmed an “overweight” rating and set a $285.00 price target (up previously from $270.00) on shares of Union Pacific in a report on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and an average price target of $258.32.

Union Pacific Stock Up 0.7%

Shares of Union Pacific stock opened at $235.14 on Wednesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.60 and a current ratio of 0.91. Union Pacific has a 52-week low of $204.66 and a 52-week high of $253.20. The company’s 50 day moving average price is $232.21 and its 200-day moving average price is $226.81. The stock has a market capitalization of $139.48 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 2.57 and a beta of 0.99.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.06). Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The firm had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.15 billion. During the same period in the previous year, the company earned $2.91 EPS. The company’s quarterly revenue was down .6% on a year-over-year basis. Equities research analysts forecast that Union Pacific will post 11.99 EPS for the current year.

Union Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th were given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, December 5th. Union Pacific’s dividend payout ratio (DPR) is presently 46.12%.

Institutional Trading of Union Pacific

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rachor Investment Advisory Services LLC purchased a new position in shares of Union Pacific in the 4th quarter worth $25,000. High Point Wealth Management LLC purchased a new stake in shares of Union Pacific in the fourth quarter worth approximately $26,000. Caitlin John LLC purchased a new stake in Union Pacific in the third quarter worth $27,000. Saranac Partners Ltd purchased a new position in Union Pacific in the 3rd quarter worth about $27,000. Finally, Howard Hughes Medical Institute purchased a new position in shares of Union Pacific during the second quarter worth approximately $30,000. Institutional investors own 80.38% of the company’s stock.

About Union Pacific

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two?thirds of the United States.