Union Pacific (NYSE:UNP) Shares Gap Up to $217.19

Shares of Union Pacific Co. (NYSE:UNP) gapped up prior to trading on Thursday . The stock had previously closed at $217.19, but opened at $225.41. Union Pacific shares last traded at $223.06, with a volume of 11,100 shares traded.

UNP has been the subject of a number of research reports. Barclays raised their price objective on Union Pacific from $230.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, May 28th. Raymond James raised their target price on Union Pacific from $255.00 to $260.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, May 5th. Evercore ISI reiterated a “buy” rating and issued a $260.00 price objective on shares of Union Pacific in a research report on Friday, July 9th. BMO Capital Markets lifted their target price on Union Pacific from $230.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Union Pacific from $252.00 to $256.00 and gave the company a “buy” rating in a research note on Tuesday, June 15th. Six investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $233.27.

The firm has a 50-day moving average of $221.64. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.63 and a current ratio of 0.76. The stock has a market capitalization of $147.35 billion, a PE ratio of 26.80, a P/E/G ratio of 2.21 and a beta of 1.14.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Wednesday, April 21st. The railroad operator reported $2.00 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.06). Union Pacific had a return on equity of 32.45% and a net margin of 27.02%. The company had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same period last year, the firm posted $2.15 EPS. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. On average, research analysts predict that Union Pacific Co. will post 9.74 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 30th. Stockholders of record on Friday, May 28th were given a dividend of $1.07 per share. This is a positive change from Union Pacific’s previous quarterly dividend of $0.97. This represents a $4.28 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Thursday, May 27th. Union Pacific’s payout ratio is 52.26%.

Several hedge funds and other institutional investors have recently bought and sold shares of UNP. Wasatch Advisors Inc. lifted its stake in Union Pacific by 22.8% in the first quarter. Wasatch Advisors Inc. now owns 17,800 shares of the railroad operator’s stock worth $3,923,000 after purchasing an additional 3,300 shares during the last quarter. Cullen Capital Management LLC bought a new position in shares of Union Pacific during the first quarter valued at about $3,206,000. Navalign LLC purchased a new position in shares of Union Pacific during the first quarter valued at about $1,181,000. Adviser Investments LLC increased its position in shares of Union Pacific by 20.6% during the first quarter. Adviser Investments LLC now owns 29,247 shares of the railroad operator’s stock valued at $6,446,000 after buying an additional 5,002 shares during the period. Finally, Valley Brook Capital Group purchased a new position in shares of Union Pacific during the fourth quarter valued at about $2,062,000. 77.38% of the stock is owned by institutional investors.

About Union Pacific (NYSE:UNP)

Union Pacific Corp. engages in the provision of railroad and freight transportation services. Its principal operating company, Union Pacific Railroad Co, operates as a railroad franchise. The Railroad’s diversified business mix includes agricultural products, automotive, chemicals, coal, industrial products, and intermodal.

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