Union Pacific (NYSE:UNP) Price Target Raised to $171.00 at Wells Fargo & Co

Union Pacific (NYSE:UNP) had its target price lifted by Wells Fargo & Co from $154.00 to $171.00 in a report published on Friday morning, BenzingaRatingsTable reports. Wells Fargo & Co currently has an equal weight rating on the railroad operator’s stock.

Other equities research analysts have also issued research reports about the company. Cowen lifted their price target on Union Pacific from $156.00 to $163.00 and gave the stock an outperform rating in a research note on Friday, April 24th. Benchmark dropped their target price on Union Pacific from $206.00 to $165.00 and set a buy rating for the company in a research report on Tuesday, March 31st. JPMorgan Chase & Co. reduced their price target on shares of Union Pacific from $193.00 to $163.00 and set a neutral rating on the stock in a research report on Thursday, April 9th. Evercore ISI started coverage on shares of Union Pacific in a report on Thursday, March 26th. They issued an outperform rating and a $174.00 price objective for the company. Finally, Deutsche Bank cut their price objective on shares of Union Pacific from $205.00 to $170.00 and set a buy rating for the company in a research note on Thursday, April 9th. Eleven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $172.68.

Shares of UNP stock traded up $1.57 during trading on Friday, hitting $165.16. The company had a trading volume of 1,704,326 shares, compared to its average volume of 3,348,208. The stock’s 50-day moving average is $151.96 and its two-hundred day moving average is $165.94. The stock has a market capitalization of $111.01 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 2.13 and a beta of 1.07. The company has a quick ratio of 0.67, a current ratio of 0.82 and a debt-to-equity ratio of 1.65. Union Pacific has a 52 week low of $105.08 and a 52 week high of $188.96.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.15 EPS for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.25. Union Pacific had a net margin of 27.85% and a return on equity of 34.15%. The business had revenue of $5.23 billion during the quarter, compared to analysts’ expectations of $5.08 billion. During the same quarter in the previous year, the company earned $1.93 EPS. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, research analysts predict that Union Pacific will post 7.7 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be given a $0.97 dividend. The ex-dividend date is Thursday, May 28th. This represents a $3.88 annualized dividend and a dividend yield of 2.35%. Union Pacific’s dividend payout ratio is 46.30%.

In other news, COO Vincenzo J. Vena purchased 3,206 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average cost of $155.92 per share, for a total transaction of $499,879.52. Following the completion of the transaction, the chief operating officer now directly owns 19,966 shares of the company’s stock, valued at approximately $3,113,098.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William J. Delaney III acquired 15,000 shares of the firm’s stock in a transaction on Tuesday, March 31st. The stock was purchased at an average price of $138.20 per share, with a total value of $2,073,000.00. Following the acquisition, the director now owns 20,000 shares of the company’s stock, valued at approximately $2,764,000. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Prestige Wealth Management Group LLC bought a new position in shares of Union Pacific during the first quarter valued at approximately $32,000. Royal Fund Management LLC bought a new position in Union Pacific during the 1st quarter valued at approximately $35,000. Westside Investment Management Inc. purchased a new position in Union Pacific during the first quarter valued at $37,000. Stonebridge Financial Planning Group LLC bought a new stake in Union Pacific in the fourth quarter worth $41,000. Finally, IndexIQ Advisors LLC purchased a new stake in shares of Union Pacific in the fourth quarter worth $44,000. 79.76% of the stock is owned by institutional investors.

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

Further Reading: Beta

Analyst Recommendations for Union Pacific (NYSE:UNP)

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