Union Pacific (NYSE:UNP) Given New $128.00 Price Target at Morgan Stanley

Union Pacific (NYSE:UNP) had its price objective trimmed by Morgan Stanley from $134.00 to $128.00 in a report published on Monday morning, BenzingaRatingsTable reports. The firm currently has an underweight rating on the railroad operator’s stock.

A number of other equities research analysts have also issued reports on UNP. Zacks Investment Research upgraded Jack Henry & Associates from a sell rating to a hold rating in a research report on Wednesday, March 27th. BMO Capital Markets set a $44.00 price objective on Schlumberger and gave the company a hold rating in a report on Monday, April 22nd. Deutsche Bank upgraded CYBERAGENT INC/ADR from a hold rating to a buy rating in a report on Wednesday, June 12th. Stifel Nicolaus set a $170.00 price objective on Union Pacific and gave the company a hold rating in a report on Tuesday, April 23rd. Finally, ValuEngine upgraded United Overseas Bank from a sell rating to a hold rating in a report on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Union Pacific presently has a consensus rating of Buy and an average price target of $176.57.

Shares of UNP stock traded up $2.18 during trading hours on Monday, reaching $171.75. The company had a trading volume of 2,335,875 shares, compared to its average volume of 3,647,086. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.75 and a quick ratio of 0.60. The stock has a fifty day simple moving average of $169.47. The firm has a market cap of $120.13 billion, a P/E ratio of 21.71, a price-to-earnings-growth ratio of 1.89 and a beta of 1.04. Union Pacific has a 12-month low of $128.08 and a 12-month high of $180.02.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, April 18th. The railroad operator reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.04. The business had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.51 billion. Union Pacific had a return on equity of 30.73% and a net margin of 26.59%. The business’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.68 earnings per share. As a group, analysts anticipate that Union Pacific will post 9 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Thursday, May 30th. Union Pacific’s dividend payout ratio is presently 44.50%.

In other Union Pacific news, EVP Robert M. Knight, Jr. sold 1,380 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $180.01, for a total transaction of $248,413.80. Following the transaction, the executive vice president now directly owns 94,943 shares in the company, valued at $17,090,689.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rhonda S. Ferguson sold 11,485 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $175.00, for a total value of $2,009,875.00. Following the transaction, the executive vice president now owns 53,858 shares in the company, valued at $9,425,150. The disclosure for this sale can be found here. Corporate insiders own 9.96% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in UNP. Camarda Financial Advisors LLC lifted its stake in Union Pacific by 673.7% during the first quarter. Camarda Financial Advisors LLC now owns 147 shares of the railroad operator’s stock worth $25,000 after purchasing an additional 128 shares in the last quarter. Squar Milner Financial Services LLC increased its position in shares of Union Pacific by 368.6% during the first quarter. Squar Milner Financial Services LLC now owns 164 shares of the railroad operator’s stock worth $27,000 after acquiring an additional 129 shares during the period. Mackey Komara & Dankovich LLC purchased a new stake in shares of Union Pacific during the first quarter worth $29,000. Joseph P. Lucia & Associates LLC purchased a new stake in shares of Union Pacific during the first quarter worth $30,000. Finally, Clarfeld Financial Advisors LLC purchased a new stake in shares of Union Pacific during the fourth quarter worth $42,000. Institutional investors own 78.93% of the company’s stock.

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

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Analyst Recommendations for Union Pacific (NYSE:UNP)

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