Union Pacific (NYSE:UNP) Price Target Cut to $275.00 by Analysts at Royal Bank of Canada

Union Pacific (NYSE:UNP) had its price objective lowered by Royal Bank of Canada from $281.00 to $275.00 in a research report report published on Friday, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the railroad operator’s stock.

UNP has been the subject of several other reports. Loop Capital cut Union Pacific from a buy rating to a hold rating and reduced their price target for the company from $276.00 to $238.00 in a research report on Monday, June 17th. TD Cowen raised their target price on shares of Union Pacific from $252.00 to $258.00 and gave the company a buy rating in a research note on Friday, April 26th. Jefferies Financial Group started coverage on shares of Union Pacific in a report on Monday, April 8th. They set a hold rating and a $250.00 target price on the stock. StockNews.com cut shares of Union Pacific from a buy rating to a hold rating in a research note on Tuesday, June 18th. Finally, Benchmark boosted their price objective on shares of Union Pacific from $260.00 to $266.00 and gave the stock a buy rating in a research note on Wednesday, April 10th. Seven equities 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 company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $258.79.

Union Pacific Stock Performance

NYSE:UNP opened at $240.36 on Friday. The stock has a market capitalization of $146.65 billion, a P/E ratio of 22.94, a price-to-earnings-growth ratio of 2.06 and a beta of 1.06. The company has a current ratio of 1.05, a quick ratio of 0.76 and a debt-to-equity ratio of 1.89. Union Pacific has a 1 year low of $199.33 and a 1 year high of $258.66. The firm has a 50 day moving average of $229.90 and a 200-day moving average of $239.00.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.03. The business had revenue of $6.01 billion for the quarter, compared to analyst estimates of $6.05 billion. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the business posted $2.57 earnings per share. As a group, sell-side analysts anticipate that Union Pacific will post 11.11 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Friday, August 30th. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s dividend payout ratio is 49.62%.

Hedge Funds Weigh In On Union Pacific

A number of hedge funds have recently bought and sold shares of the company. OLD Point Trust & Financial Services N A bought a new position in shares of Union Pacific during the 4th quarter valued at approximately $25,000. Richardson Capital Management LLC purchased a new position in shares of Union Pacific in the 1st quarter worth $26,000. Raleigh Capital Management Inc. increased its holdings in shares of Union Pacific by 211.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock worth $27,000 after buying an additional 74 shares during the last quarter. Cultivar Capital Inc. purchased a new stake in shares of Union Pacific during the 2nd quarter valued at about $27,000. Finally, Scarborough Advisors LLC bought a new position in shares of Union Pacific in the 4th quarter valued at about $29,000. Institutional investors 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.