Goldman Sachs Group assumed coverage on shares of Union Pacific (NYSE:UNP) in a research report released on Wednesday, Benzinga reports. The firm issued a buy rating and a $198.00 price objective on the railroad operator’s stock.
UNP has been the topic of a number of other reports. Stifel Nicolaus set a $170.00 price objective on Union Pacific and gave the company a hold rating in a research note on Tuesday, April 23rd. Loop Capital cut Union Pacific from a buy rating to a hold rating and lowered their price objective for the company from $193.00 to $182.00 in a research note on Tuesday, March 19th. Cowen restated an outperform rating and issued a $187.00 price objective (up from $178.00) on shares of Union Pacific in a research note on Thursday, April 18th. Zacks Investment Research upgraded Jack Henry & Associates from a sell rating to a hold rating in a research note on Wednesday, March 27th. Finally, ValuEngine upgraded United Overseas Bank from a sell rating to a hold rating in a research note on Monday, June 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Union Pacific presently has an average rating of Buy and an average target price of $176.57.
Shares of Union Pacific stock opened at $174.05 on Wednesday. Union Pacific has a 52-week low of $128.08 and a 52-week high of $180.02. The firm has a 50-day moving average price of $169.48. The company has a market cap of $121.57 billion, a PE ratio of 22.00, a P/E/G ratio of 1.92 and a beta of 1.04. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.32.
Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, April 18th. The railroad operator reported $1.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.89 by $0.04. Union Pacific had a return on equity of 30.73% and a net margin of 26.59%. The business had revenue of $5.38 billion for the quarter, compared to analysts’ expectations of $5.51 billion. During the same period in the previous year, the business posted $1.68 EPS. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. Research analysts predict that Union Pacific will post 8.93 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 31st were given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 2.02%. The ex-dividend date was Thursday, May 30th. Union Pacific’s dividend payout ratio is presently 44.50%.
In related news, EVP Rhonda S. Ferguson sold 11,485 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $175.00, for a total value of $2,009,875.00. Following the transaction, the executive vice president now directly owns 53,858 shares in the company, valued at $9,425,150. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Robert M. Knight, Jr. sold 1,380 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $180.01, for a total transaction of $248,413.80. Following the completion of the transaction, the executive vice president now owns 94,943 shares in the company, valued at $17,090,689.43. The disclosure for this sale can be found here. Corporate insiders own 9.96% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Gantzert Investment Co. LLC ADV acquired a new stake in shares of Union Pacific during the 4th quarter valued at $1,408,000. Unigestion Holding SA boosted its stake in shares of Union Pacific by 10.2% during the 4th quarter. Unigestion Holding SA now owns 7,266 shares of the railroad operator’s stock valued at $1,004,000 after buying an additional 673 shares during the period. Nichols & Pratt Advisers LLP MA boosted its stake in shares of Union Pacific by 4.6% during the 4th quarter. Nichols & Pratt Advisers LLP MA now owns 6,818 shares of the railroad operator’s stock valued at $942,000 after buying an additional 300 shares during the period. OLD Dominion Capital Management Inc. acquired a new stake in shares of Union Pacific during the 4th quarter valued at $436,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Union Pacific by 0.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,044,765 shares of the railroad operator’s stock valued at $144,394,000 after buying an additional 8,981 shares during the period. Institutional investors own 78.93% of the company’s stock.
Union Pacific Company Profile
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.
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