Union Pacific (NYSE:UNP) Price Target Lowered to $136.00 at Morgan Stanley

Union Pacific (NYSE:UNP) had its price objective trimmed by Morgan Stanley from $138.00 to $136.00 in a report released on Friday morning, AnalystRatings.com reports. The firm currently has an underweight rating on the railroad operator’s stock.

A number of other research analysts have also issued reports on the company. ValuEngine lowered Union Pacific from a buy rating to a hold rating in a research report on Thursday, August 1st. Deutsche Bank increased their target price on Union Pacific from $197.00 to $206.00 and gave the company a buy rating in a research report on Friday, July 19th. Bank of America decreased their target price on Union Pacific from $179.00 to $167.00 and set a neutral rating on the stock in a research report on Tuesday, October 8th. Credit Suisse Group increased their target price on Union Pacific from $182.00 to $185.00 and gave the company an outperform rating in a research report on Friday. Finally, Cowen reiterated a buy rating and set a $172.00 target price on shares of Union Pacific in a research report on Thursday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $179.50.

Union Pacific stock traded down $2.18 during mid-day trading on Friday, hitting $161.50. The company had a trading volume of 4,961,635 shares, compared to its average volume of 4,006,473. The company has a current ratio of 0.89, a quick ratio of 0.58 and a debt-to-equity ratio of 1.35. Union Pacific has a 12-month low of $128.08 and a 12-month high of $180.54. The company’s fifty day moving average is $162.50 and its 200-day moving average is $168.82. The company has a market capitalization of $115.32 billion, a price-to-earnings ratio of 20.42, a P/E/G ratio of 1.87 and a beta of 1.07.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 17th. The railroad operator reported $2.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.29 by ($0.07). Union Pacific had a return on equity of 32.65% and a net margin of 27.28%. The company had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter in the prior year, the company posted $2.15 EPS. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. As a group, sell-side analysts expect that Union Pacific will post 8.73 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were paid a $0.97 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $0.88. This represents a $3.88 annualized dividend and a yield of 2.40%. The ex-dividend date was Thursday, August 29th. Union Pacific’s dividend payout ratio is currently 49.05%.

In related news, EVP Robert M. Knight, Jr. sold 8,620 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $180.04, for a total value of $1,551,944.80. Following the completion of the transaction, the executive vice president now directly owns 94,943 shares of the company’s stock, valued at approximately $17,093,537.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.96% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of UNP. Krane Funds Advisors LLC acquired a new position in Union Pacific in the 2nd quarter valued at $25,000. River & Mercantile Asset Management LLP acquired a new position in Union Pacific in the 2nd quarter valued at $29,000. Mackey Komara & Dankovich LLC raised its stake in Union Pacific by 549.7% in the 2nd quarter. Mackey Komara & Dankovich LLC now owns 1,124 shares of the railroad operator’s stock valued at $30,000 after purchasing an additional 951 shares during the last quarter. Financial Gravity Wealth Inc. raised its stake in Union Pacific by 78.8% in the 3rd quarter. Financial Gravity Wealth Inc. now owns 186 shares of the railroad operator’s stock valued at $30,000 after purchasing an additional 82 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new stake in shares of Union Pacific in the 2nd quarter worth $31,000. 77.82% of the stock is owned by hedge funds and other 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.

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Analyst Recommendations for Union Pacific (NYSE:UNP)

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