TD Cowen Forecasts Strong Price Appreciation for United Airlines (NASDAQ:UAL) Stock

United Airlines (NASDAQ:UAL) had its target price lifted by investment analysts at TD Cowen from $100.00 to $125.00 in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the transportation company’s stock. TD Cowen’s price target would suggest a potential upside of 32.09% from the company’s previous close.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group reissued a “buy” rating and set a $119.00 price target on shares of United Airlines in a report on Friday, November 15th. Bank of America increased their price target on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Morgan Stanley boosted their target price on United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Susquehanna boosted their price objective on United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Thursday, October 17th. Finally, Barclays raised their price objective on shares of United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $88.28.

United Airlines Stock Up 0.4 %

UAL stock opened at $94.63 on Tuesday. The company has a market cap of $31.12 billion, a price-to-earnings ratio of 11.41, a P/E/G ratio of 1.08 and a beta of 1.39. United Airlines has a twelve month low of $37.02 and a twelve month high of $95.19. The business has a 50 day moving average price of $69.62 and a two-hundred day moving average price of $55.35. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.23. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. The firm had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.76 billion. During the same quarter in the previous year, the business earned $3.65 earnings per share. Analysts anticipate that United Airlines will post 10.23 EPS for the current fiscal 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 at United Airlines

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $72.00, for a total value 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. This represents a 32.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Kate Gebo sold 17,500 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $80.44, for a total value of $1,407,700.00. Following the completion of the transaction, the executive vice president now owns 40,012 shares in the company, valued at $3,218,565.28. The trade was a 30.43 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On United Airlines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Global Trust Asset Management LLC bought a new position in shares of United Airlines in the third quarter worth $29,000. Strategic Investment Solutions Inc. IL purchased a new stake in United Airlines in the second quarter worth approximately $30,000. Armstrong Advisory Group Inc. bought a new position in shares of United Airlines during the 3rd quarter valued at $36,000. Crewe Advisors LLC bought a new position in shares of United Airlines during the first quarter valued at about $32,000. Finally, UMB Bank n.a. increased its stake in United Airlines by 59.7% in the 2nd quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock worth $33,000 after purchasing an additional 255 shares during the period. 69.69% of the stock is currently owned by institutional investors.

About United Airlines

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.