Guggenheim Increases Union Pacific (NYSE:UNP) Price Target to $275.00

Union Pacific (NYSE:UNP) had its price objective hoisted by Guggenheim from $266.00 to $275.00 in a research report released on Friday morning,Benzinga reports. The firm currently has a buy rating on the railroad operator’s stock.

UNP has been the topic of several other research reports. Royal Bank of Canada cut their target price on Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company cut their price target on Union Pacific from $267.00 to $265.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Barclays increased their price objective on Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. TD Cowen lifted their target price on shares of Union Pacific from $245.00 to $258.00 and gave the company a “buy” rating in a report on Friday. Finally, Sanford C. Bernstein decreased their price target on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a research note on Wednesday, October 9th. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Union Pacific has an average rating of “Moderate Buy” and an average price target of $262.57.

Union Pacific Stock Performance

Shares of UNP opened at $248.94 on Friday. The company has a market capitalization of $150.92 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 2.12 and a beta of 1.06. Union Pacific has a 52-week low of $218.55 and a 52-week high of $258.66. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. The stock has a 50 day moving average price of $233.78 and a 200 day moving average price of $239.22.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the business posted $2.71 earnings per share. Research analysts predict that Union Pacific will post 10.96 EPS for the current fiscal year.

Union Pacific Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were paid a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.15%. Union Pacific’s dividend payout ratio (DPR) is presently 49.22%.

Institutional Trading of Union Pacific

Several hedge funds and other institutional investors have recently made changes to their positions in UNP. Patron Partners LLC increased its holdings in Union Pacific by 13.8% in the fourth quarter. Patron Partners LLC now owns 4,239 shares of the railroad operator’s stock valued at $967,000 after buying an additional 515 shares in the last quarter. abrdn plc increased its stake in Union Pacific by 9.3% in the 4th quarter. abrdn plc now owns 415,874 shares of the railroad operator’s stock valued at $94,588,000 after purchasing an additional 35,414 shares in the last quarter. Trust Point Inc. grew its holdings in Union Pacific by 17.5% in the fourth quarter. Trust Point Inc. now owns 6,104 shares of the railroad operator’s stock valued at $1,392,000 after purchasing an additional 908 shares during the last quarter. Childress Capital Advisors LLC raised its stake in shares of Union Pacific by 2.7% during the 4th quarter. Childress Capital Advisors LLC now owns 2,243 shares of the railroad operator’s stock worth $512,000 after buying an additional 60 shares during the last quarter. Finally, Fourpath Capital Management LLC increased its holdings in Union Pacific by 0.4% during the 4th quarter. Fourpath Capital Management LLC now owns 47,282 shares of the railroad operator’s stock valued at $10,782,000 after acquiring an additional 183 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Company Profile

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.