Union Pacific (NYSE:UNP) Given New $315.00 Price Target at Wells Fargo & Company

Union Pacific (NYSE:UNP) had its price target increased by investment analysts at Wells Fargo & Company from $300.00 to $315.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the railroad operator’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 11.85% from the company’s previous close.

UNP has been the subject of a number of other reports. JPMorgan Chase & Co. lifted their price objective on shares of Union Pacific from $267.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. BMO Capital Markets reissued a “market perform” rating and set a $285.00 price target (up from $278.00) on shares of Union Pacific in a research report on Friday, April 24th. UBS Group reissued a “neutral” rating and issued a $274.00 target price (up from $253.00) on shares of Union Pacific in a report on Friday, April 24th. Evercore reissued an “outperform” rating and set a $294.00 price target on shares of Union Pacific in a research report on Thursday, June 25th. Finally, TD Cowen raised their target price on shares of Union Pacific from $256.00 to $282.00 and gave the stock a “buy” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $287.72.

Union Pacific Stock Performance

NYSE:UNP opened at $281.64 on Wednesday. Union Pacific has a 52-week low of $210.84 and a 52-week high of $285.79. The firm has a market cap of $167.21 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 2.97 and a beta of 0.96. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.73 and a current ratio of 0.92. The business’s fifty day moving average is $268.18 and its 200 day moving average is $253.01.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, beating the consensus estimate of $2.86 by $0.07. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The company had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.12 billion. During the same quarter in the previous year, the company earned $2.70 earnings per share. Union Pacific’s revenue for the quarter was up 3.2% on a year-over-year basis. Research analysts predict that Union Pacific will post 12.55 EPS for the current year.

Insider Transactions at Union Pacific

In related news, CFO Jennifer L. Hamann sold 2,000 shares of the stock in a transaction that occurred 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 owned 114,642 shares of the company’s stock, valued at $31,492,157.40. This represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the sale, the executive vice president directly owned 43,012 shares of the company’s stock, valued at $11,353,447.52. The trade was a 6.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,378 shares of company stock valued at $8,781,595 in the last 90 days. Insiders own 0.22% of the company’s stock.

Institutional Trading of Union Pacific

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cambient Family Office LLC purchased a new position in Union Pacific in the fourth quarter worth approximately $1,319,000. North Dakota State Investment Board acquired a new position in shares of Union Pacific during the fourth quarter worth about $4,746,000. First National Bank of Omaha grew its holdings in shares of Union Pacific by 35.8% during the fourth quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock worth $12,665,000 after purchasing an additional 14,399 shares during the last quarter. Avanza Fonder AB acquired a new position in Union Pacific during the fourth quarter worth approximately $1,449,000. Finally, Sage Investment Advisers LLC purchased a new stake in Union Pacific in the 4th quarter valued at $997,000. 80.38% of the stock is owned by institutional investors and hedge funds.

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.