United Airlines Holdings, Inc. (NASDAQ:UAL) Receives $78.94 Consensus PT from Analysts

Shares of United Airlines Holdings, Inc. (NASDAQ:UAL) have earned an average rating of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $78.94.

Several brokerages recently weighed in on UAL. Bank of America upped their price objective on United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Susquehanna increased their target price on shares of United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a report on Thursday, October 17th. Jefferies Financial Group lifted their price target on shares of United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a report on Monday, October 21st. Morgan Stanley increased their price objective on shares of United Airlines from $80.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Finally, TD Cowen raised their target price on shares of United Airlines from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 17th.

United Airlines Stock Down 2.5 %

Shares of UAL opened at $85.43 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95. United Airlines has a 12 month low of $37.02 and a 12 month high of $87.84. The firm’s 50 day moving average is $60.67 and its 200-day moving average is $52.71. The stock has a market capitalization of $28.10 billion, a PE ratio of 10.31, a P/E/G ratio of 0.92 and a beta of 1.39.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.23. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. The company had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. During the same period in the prior year, the firm posted $3.65 EPS. Equities research analysts forecast that United Airlines will post 10.18 EPS for the current year.

United Airlines announced that its Board of Directors has approved a stock buyback plan on Tuesday, October 15th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the completion of the sale, the executive vice president now owns 30,427 shares in the company, valued at $2,190,744. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of United Airlines stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the completion of the transaction, the executive vice president now directly owns 30,427 shares in the company, valued at $2,190,744. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kate Gebo sold 17,500 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the completion of the sale, the executive vice president now owns 40,012 shares in the company, valued at $3,218,565.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by company insiders.

Institutional Trading of United Airlines

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of United Airlines by 1.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 19,416 shares of the transportation company’s stock valued at $930,000 after acquiring an additional 287 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in United Airlines by 7.2% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 33,491 shares of the transportation company’s stock worth $1,604,000 after acquiring an additional 2,254 shares during the period. Diversify Advisory Services LLC purchased a new position in United Airlines in the first quarter valued at about $220,000. Janney Montgomery Scott LLC grew its position in shares of United Airlines by 58.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 50,806 shares of the transportation company’s stock valued at $2,433,000 after acquiring an additional 18,704 shares during the period. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of United Airlines during the 1st quarter worth approximately $27,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Company Profile

United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, flight academy, and maintenance services for third parties.