Union Pacific (NYSE:UNP) had its target price boosted by stock analysts at Raymond James from $192.00 to $201.00 in a research note issued on Monday, BenzingaRatingsTable reports. The firm presently has a “strong-buy” rating on the railroad operator’s stock. Raymond James’ price target would suggest a potential upside of 13.73% from the company’s previous close.
Several other brokerages have also recently weighed in on UNP. Royal Bank of Canada upgraded Union Pacific from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 8th. Cowen restated an “outperform” rating and set a $187.00 target price (up from $178.00) on shares of Union Pacific in a report on Thursday, April 18th. ValuEngine cut Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. Zacks Investment Research cut Union Pacific from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. Finally, TD Securities increased their target price on Union Pacific from $155.00 to $170.00 and gave the company a “hold” rating in a report on Friday, January 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $175.35.
UNP opened at $176.73 on Monday. Union Pacific has a 12-month low of $126.37 and a 12-month high of $179.55. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.75 and a quick ratio of 0.74. The stock has a market capitalization of $128.87 billion, a PE ratio of 22.34, a PEG ratio of 1.97 and a beta of 1.11.
Union Pacific announced that its board has authorized a stock repurchase program on Thursday, February 7th that allows the company to repurchase 150,000,000 shares. This repurchase authorization allows the railroad operator to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 10,000 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $170.01, for a total value of $1,700,100.00. Following the completion of the sale, the executive vice president now owns 94,943 shares in the company, valued at approximately $16,141,259.43. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Rhonda S. Ferguson sold 11,485 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $175.00, for a total value of $2,009,875.00. Following the completion of the sale, the executive vice president now owns 53,858 shares of the company’s stock, valued at approximately $9,425,150. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,287 shares of company stock valued at $5,206,315. Company insiders own 9.96% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Paradigm Financial Partners LLC bought a new position in shares of Union Pacific in the 4th quarter worth approximately $912,000. California State Teachers Retirement System raised its position in shares of Union Pacific by 1.9% in the 4th quarter. California State Teachers Retirement System now owns 1,340,870 shares of the railroad operator’s stock worth $185,348,000 after acquiring an additional 24,984 shares in the last quarter. Segment Wealth Management LLC raised its position in shares of Union Pacific by 5.9% in the 4th quarter. Segment Wealth Management LLC now owns 32,454 shares of the railroad operator’s stock worth $4,486,000 after acquiring an additional 1,820 shares in the last quarter. Claybrook Capital LLC bought a new position in shares of Union Pacific in the 4th quarter worth approximately $85,000. Finally, BlackRock Inc. raised its position in shares of Union Pacific by 2.2% in the 4th quarter. BlackRock Inc. now owns 48,020,051 shares of the railroad operator’s stock worth $6,637,811,000 after acquiring an additional 1,029,260 shares in the last quarter. Institutional investors and hedge funds own 79.69% 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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