TD Cowen Forecasts Strong Price Appreciation for Union Pacific (NYSE:UNP) Stock

Union Pacific (NYSE:UNP) had its target price lifted by TD Cowen from $245.00 to $258.00 in a report issued on Friday, Marketbeat.com reports. The firm currently has a “buy” rating on the railroad operator’s stock. TD Cowen’s target price indicates a potential upside of 3.64% from the company’s previous close.

Several other research firms also recently weighed in on UNP. Stifel Nicolaus dropped their price target on Union Pacific from $262.00 to $253.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Benchmark reiterated a “buy” rating and issued a $266.00 target price on shares of Union Pacific in a research report on Friday, October 25th. Robert W. Baird reduced their price target on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Sanford C. Bernstein cut their price objective on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. Finally, Raymond James boosted their target price on shares of Union Pacific from $260.00 to $265.00 and gave the company a “strong-buy” rating in a research report on Friday, January 10th. Nine research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and an average target price of $262.57.

Union Pacific Stock Up 0.4 %

Shares of UNP stock opened at $248.94 on Friday. The stock’s fifty day moving average price is $234.05 and its 200 day moving average price is $239.40. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. Union Pacific has a 1-year low of $218.55 and a 1-year high of $258.66. The company has a market cap 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 (NYSE:UNP) last posted its quarterly earnings data 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 quarter in the prior year, the company earned $2.71 EPS. On average, research analysts expect that Union Pacific will post 10.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Union Pacific

Hedge funds have recently modified their holdings of the business. World Investment Advisors LLC lifted its stake in Union Pacific by 103.1% during the third quarter. World Investment Advisors LLC now owns 35,581 shares of the railroad operator’s stock worth $8,770,000 after purchasing an additional 18,060 shares in the last quarter. Shellback Capital LP boosted its holdings in Union Pacific by 28.2% during the 2nd quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock valued at $4,525,000 after acquiring an additional 4,400 shares during the period. Peoples Bank KS acquired a new position in Union Pacific in the 3rd quarter valued at about $834,000. Wealth Enhancement Advisory Services LLC increased its stake in Union Pacific by 2.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 179,925 shares of the railroad operator’s stock worth $44,348,000 after purchasing an additional 4,939 shares during the period. Finally, Maj Invest Holding A S lifted its position in shares of Union Pacific by 0.3% during the third quarter. Maj Invest Holding A S now owns 676,098 shares of the railroad operator’s stock worth $166,645,000 after purchasing an additional 2,202 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

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.