Union Pacific (NYSE:UNP – Get Free Report) had its price objective lifted by Raymond James Financial from $310.00 to $363.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “strong-buy” rating on the railroad operator’s stock. Raymond James Financial’s price objective points to a potential upside of 25.57% from the company’s previous close.
Several other analysts have also recently commented on UNP. Benchmark boosted their price target on Union Pacific from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Citigroup reaffirmed a “buy” rating and set a $326.00 target price (up from $307.00) on shares of Union Pacific in a research note on Thursday. Susquehanna reaffirmed a “positive” rating and set a $305.00 target price on shares of Union Pacific in a report on Friday, June 5th. Weiss Ratings downgraded shares of Union Pacific from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $289.00 price target (up from $273.00) on shares of Union Pacific in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $293.33.
Get Our Latest Stock Analysis on Union Pacific
Union Pacific Price Performance
Union Pacific (NYSE:UNP – Get Free Report) last announced its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.07. The business had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.12 billion. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.70 earnings per share. As a group, research analysts predict that Union Pacific will post 12.56 EPS for the current fiscal year.
Insider Transactions at Union Pacific
In related news, CFO Jennifer L. Hamann sold 2,000 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $274.70, for a total transaction of $549,400.00. Following the completion of the transaction, the chief financial officer owned 114,642 shares of the company’s stock, valued at approximately $31,492,157.40. This trade represents a 1.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Eric J. Gehringer sold 2,991 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the sale, the executive vice president directly owned 43,012 shares in the company, valued at approximately $11,353,447.52. The trade was a 6.50% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 32,378 shares of company stock worth $8,781,595. 0.22% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Union Pacific
Hedge funds and other institutional investors have recently bought and sold shares of the company. Rachor Investment Advisory Services LLC purchased a new stake in Union Pacific during the fourth quarter worth about $25,000. Tucker Asset Management LLC acquired a new position in shares of Union Pacific in the fourth quarter valued at approximately $25,000. SWAN Capital LLC increased its stake in Union Pacific by 2,575.0% during the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after buying an additional 103 shares during the period. High Point Wealth Management LLC purchased a new stake in Union Pacific during the 4th quarter worth approximately $26,000. Finally, Saranac Partners Ltd acquired a new stake in Union Pacific during the 3rd quarter worth approximately $27,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.
About Union Pacific
Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.
Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.
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