BMO Capital Markets Cuts Union Pacific (NYSE:UNP) Price Target to $275.00

Union Pacific (NYSE:UNP) had its price objective reduced by BMO Capital Markets from $277.00 to $275.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an outperform rating on the railroad operator’s stock.

A number of other research firms have also weighed in on UNP. Sanford C. Bernstein lifted their price objective on shares of Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a research report on Tuesday, July 15th. Argus lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, August 12th. Jefferies Financial Group upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and lifted their price objective for the company from $250.00 to $285.00 in a research report on Friday, July 25th. Finally, Robert W. Baird started coverage on shares of Union Pacific in a research report on Tuesday, July 1st. They set a “neutral” rating and a $231.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $216.56 on Friday. The firm’s fifty day simple moving average is $224.95 and its 200-day simple moving average is $224.40. The stock has a market capitalization of $128.44 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 2.27 and a beta of 1.07. Union Pacific has a 12 month low of $204.66 and a 12 month high of $256.84. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.09. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6.24 billion. During the same period last year, the firm posted $2.75 EPS. Union Pacific’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, equities analysts forecast that Union Pacific will post 11.99 earnings per share for the current year.

Institutional Investors Weigh In On Union Pacific

Institutional investors have recently made changes to their positions in the stock. Pines Wealth Management LLC raised its stake in shares of Union Pacific by 1.7% during the 2nd quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator’s stock worth $595,000 after buying an additional 43 shares during the last quarter. Titleist Asset Management LLC raised its stake in shares of Union Pacific by 1.1% during the 1st quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator’s stock worth $946,000 after buying an additional 44 shares during the last quarter. Five Oceans Advisors raised its stake in shares of Union Pacific by 3.9% during the 2nd quarter. Five Oceans Advisors now owns 1,183 shares of the railroad operator’s stock worth $272,000 after buying an additional 44 shares during the last quarter. Howard Capital Management Group LLC raised its stake in shares of Union Pacific by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 2,252 shares of the railroad operator’s stock worth $532,000 after buying an additional 45 shares during the last quarter. Finally, St. Johns Investment Management Company LLC raised its stake in shares of Union Pacific by 1.6% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 3,012 shares of the railroad operator’s stock worth $693,000 after buying an additional 46 shares during the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

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.