Union Pacific (NYSE:UNP) PT Raised to $276.00 at The Goldman Sachs Group

Union Pacific (NYSE:UNPGet Rating) had its price objective increased by analysts at The Goldman Sachs Group from $271.00 to $276.00 in a note issued to investors on Thursday, The Fly reports. The Goldman Sachs Group’s price target points to a potential upside of 17.80% from the stock’s current price.

Several other equities analysts also recently commented on UNP. Raymond James dropped their price objective on shares of Union Pacific from $285.00 to $280.00 and set a “strong-buy” rating for the company in a research note on Monday, April 18th. Citigroup increased their price objective on shares of Union Pacific from $245.00 to $287.00 in a research note on Wednesday, January 5th. Zacks Investment Research downgraded shares of Union Pacific from a “buy” rating to a “hold” rating and set a $268.00 price objective for the company. in a research note on Wednesday, March 9th. StockNews.com began coverage on shares of Union Pacific in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Union Pacific from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Monday, January 24th. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $267.74.

Shares of Union Pacific stock opened at $234.30 on Thursday. The company has a 50 day moving average of $254.67 and a 200-day moving average of $245.74. Union Pacific has a 1-year low of $195.68 and a 1-year high of $278.94. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 1.95. The company has a market cap of $147.23 billion, a PE ratio of 23.55, a price-to-earnings-growth ratio of 2.13 and a beta of 1.18.

Union Pacific (NYSE:UNPGet Rating) last issued its quarterly earnings results on Thursday, April 21st. The railroad operator reported $2.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.56 by $0.01. The company had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $5.76 billion. Union Pacific had a net margin of 29.92% and a return on equity of 44.50%. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.00 EPS. Research analysts forecast that Union Pacific will post 11.54 earnings per share for the current year.

Union Pacific declared that its Board of Directors has initiated a share repurchase plan on Thursday, February 3rd that allows the company to buyback 100,000,000 shares. This buyback authorization allows the railroad operator to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

In related news, EVP Kenyatta G. Rocker sold 4,018 shares of the firm’s stock in a transaction dated Thursday, April 21st. The shares were sold at an average price of $250.00, for a total transaction of $1,004,500.00. Following the transaction, the executive vice president now directly owns 41,177 shares of the company’s stock, valued at $10,294,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kovitz Investment Group Partners LLC lifted its position in shares of Union Pacific by 648.4% during the first quarter. Kovitz Investment Group Partners LLC now owns 23,208 shares of the railroad operator’s stock valued at $6,341,000 after purchasing an additional 20,107 shares in the last quarter. Allworth Financial LP raised its position in Union Pacific by 191.5% in the first quarter. Allworth Financial LP now owns 24,593 shares of the railroad operator’s stock worth $6,719,000 after acquiring an additional 16,155 shares during the period. Bank of The West raised its position in Union Pacific by 3.9% in the first quarter. Bank of The West now owns 34,628 shares of the railroad operator’s stock worth $9,461,000 after acquiring an additional 1,312 shares during the period. DB Fitzpatrick & Co Inc raised its position in Union Pacific by 1.7% in the first quarter. DB Fitzpatrick & Co Inc now owns 9,346 shares of the railroad operator’s stock worth $2,553,000 after acquiring an additional 153 shares during the period. Finally, Benedetti & Gucer Inc. bought a new stake in Union Pacific in the first quarter worth about $234,000. 77.85% of the stock is currently owned by institutional investors.

Union Pacific Company Profile (Get Rating)

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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.

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