Union Pacific (NYSE:UNP – Get Free Report) had its price objective reduced by stock analysts at JPMorgan Chase & Co. from $334.00 to $322.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the railroad operator’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 16.48% from the stock’s current price.
A number of other equities analysts have also recently commented on the company. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a research note on Monday, July 13th. Citigroup raised their target price on shares of Union Pacific from $326.00 to $349.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Susquehanna decreased their target price on shares of Union Pacific from $345.00 to $333.00 and set a “positive” rating on the stock in a research note on Friday, October 2nd. Benchmark upped their price target on shares of Union Pacific from $325.00 to $335.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, UBS Group upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and upped their price target for the company from $310.00 to $339.00 in a report on Wednesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $326.33.
Get Our Latest Stock Analysis on Union Pacific
Union Pacific Stock Down 0.2%
Union Pacific (NYSE:UNP – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, topping the consensus estimate of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same quarter in the previous year, the business earned $3.03 earnings per share. The company’s quarterly revenue was up 11.5% on a year-over-year basis. On average, equities analysts anticipate that Union Pacific will post 13.01 earnings per share for the current year.
Hedge Funds Weigh In On Union Pacific
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Moody National Bank Trust Division boosted its holdings in Union Pacific by 4.0% in the third quarter. Moody National Bank Trust Division now owns 7,394 shares of the railroad operator’s stock valued at $2,012,000 after acquiring an additional 283 shares in the last quarter. Eastern Bank boosted its stake in shares of Union Pacific by 2.6% during the 3rd quarter. Eastern Bank now owns 214,567 shares of the railroad operator’s stock valued at $58,390,000 after purchasing an additional 5,380 shares in the last quarter. Greenwich Wealth Management LLC increased its position in shares of Union Pacific by 14.4% during the second quarter. Greenwich Wealth Management LLC now owns 2,040 shares of the railroad operator’s stock valued at $555,000 after buying an additional 257 shares during the period. QRG Capital Management Inc. increased its position in shares of Union Pacific by 9.4% during the second quarter. QRG Capital Management Inc. now owns 102,949 shares of the railroad operator’s stock valued at $28,002,000 after buying an additional 8,842 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its stake in Union Pacific by 3.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 80,345 shares of the railroad operator’s stock worth $21,854,000 after buying an additional 2,506 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.
Union Pacific Company Profile
Union Pacific Corporation (NYSE: UNP) is a freight railroad company that operates one of the largest rail networks in North America. Through its principal subsidiary, Union Pacific Railroad, the company provides transportation services for businesses across the western two-thirds of the United States.
Union Pacific transports a broad range of commodities and manufactured goods, including agricultural products, automotive vehicles and parts, chemicals, coal, industrial products, forest products, and intermodal containers.
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