Union Pacific (NYSE:UNP) Given New $260.00 Price Target at Citigroup

Union Pacific (NYSE:UNP) had its price objective lifted by Citigroup from $254.00 to $260.00 in a report released on Friday,Benzinga reports. They currently have a neutral rating on the railroad operator’s stock.

Several other research analysts have also issued reports on the company. Robert W. Baird raised their target price on Union Pacific from $260.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday. StockNews.com lowered Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Royal Bank of Canada decreased their target price on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. TD Cowen boosted their price target on shares of Union Pacific from $245.00 to $258.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Raymond James upped their price objective on shares of Union Pacific from $260.00 to $265.00 and gave the company a “strong-buy” rating in a research note on Friday, January 10th. Nine research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $262.57.

Union Pacific Stock Performance

Shares of UNP stock opened at $248.94 on Friday. The business’s 50-day moving average price is $233.78 and its 200-day moving average price is $239.22. Union Pacific has a 12 month low of $218.55 and a 12 month high of $258.66. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. The firm has a market capitalization of $150.92 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 2.12 and a beta of 1.06.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.15. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. During the same quarter last year, the business posted $2.71 EPS. Equities research analysts forecast that Union Pacific will post 10.96 EPS for the current year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were issued a dividend of $1.34 per share. The ex-dividend date was Monday, December 9th. This represents a $5.36 annualized dividend and a yield of 2.15%. Union Pacific’s payout ratio is 49.22%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in UNP. Strategic Investment Solutions Inc. IL bought a new position in Union Pacific in the 2nd quarter valued at about $28,000. Synergy Asset Management LLC bought a new position in shares of Union Pacific in the fourth quarter valued at approximately $29,000. Catalyst Capital Advisors LLC purchased a new position in shares of Union Pacific during the third quarter valued at approximately $30,000. Jamison Private Wealth Management Inc. grew its holdings in Union Pacific by 265.7% during the third quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock worth $32,000 after buying an additional 93 shares in the last quarter. Finally, Dunhill Financial LLC raised its position in Union Pacific by 111.5% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the railroad operator’s stock valued at $32,000 after buying an additional 68 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

About Union Pacific

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