Citizens Jmp Begins Coverage on Union Pacific (NYSE:UNP)

Stock analysts at Citizens Jmp initiated coverage on shares of Union Pacific (NYSE:UNP) in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm set a “market outperform” rating and a $350.00 price target on the railroad operator’s stock. Citizens Jmp’s target price points to a potential upside of 21.34% from the company’s current price.

A number of other analysts have also recently weighed in on the company. TD Cowen boosted their price target on Union Pacific from $256.00 to $282.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Citigroup started coverage on Union Pacific in a report on Wednesday. They set an “outperform” rating on the stock. Sanford C. Bernstein raised their price objective on Union Pacific from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Evercore restated an “outperform” rating and issued a $294.00 target price on shares of Union Pacific in a report on Thursday, June 25th. Finally, Wells Fargo & Company boosted their target price on Union Pacific from $300.00 to $315.00 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $297.79.

Union Pacific Stock Down 0.2%

Union Pacific stock opened at $288.44 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53. Union Pacific has a 1-year low of $210.84 and a 1-year high of $291.66. The firm’s fifty day simple moving average is $270.10 and its 200-day simple moving average is $254.84. The company has a market capitalization of $171.25 billion, a P/E ratio of 23.76, a P/E/G ratio of 3.03 and a beta of 0.96.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.07. The firm had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.12 billion. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. Union Pacific’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.70 earnings per share. Sell-side analysts forecast that Union Pacific will post 12.59 earnings per share for the current fiscal year.

Insider Transactions at Union Pacific

In related news, EVP Kenyatta G. Rocker sold 27,387 shares of the company’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the completion of the transaction, the executive vice president directly owned 61,102 shares in the company, valued at $16,605,079.52. This represents a 30.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jennifer L. Hamann sold 2,000 shares of the stock in a transaction on Friday, April 24th. The shares were sold at an average price of $274.70, for a total transaction of $549,400.00. Following the completion of the sale, the chief financial officer directly owned 114,642 shares of the company’s stock, valued at approximately $31,492,157.40. This trade represents a 1.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 32,378 shares of company stock worth $8,781,595. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Rachor Investment Advisory Services LLC acquired a new position in shares of Union Pacific during the fourth quarter valued at about $25,000. Tucker Asset Management LLC acquired a new stake in Union Pacific during the fourth quarter worth about $25,000. SWAN Capital LLC grew its position in Union Pacific by 2,575.0% during the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after buying an additional 103 shares in the last quarter. High Point Wealth Management LLC bought a new position in Union Pacific during the fourth quarter valued at about $26,000. Finally, Saranac Partners Ltd bought a new position in Union Pacific during the third quarter valued at about $27,000. Institutional investors own 80.38% of the company’s stock.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.