United Airlines Holdings, Inc. (NASDAQ:UAL – Get Free Report) has received an average recommendation of “Buy” from the fifteen research firms that are presently covering the stock, MarketBeat reports. Fifteen investment analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $96.15.
UAL has been the subject of several research reports. UBS Group reissued a “buy” rating and set a $139.00 price objective on shares of United Airlines in a report on Tuesday. TD Cowen lifted their price objective on United Airlines from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Citigroup increased their target price on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research report on Tuesday. Sanford C. Bernstein boosted their price target on shares of United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, Susquehanna raised their price objective 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.
Check Out Our Latest Stock Analysis on UAL
Insider Buying and Selling
Hedge Funds Weigh In On United Airlines
Several institutional investors have recently modified their holdings of UAL. Franklin Resources Inc. grew its position in United Airlines by 214.7% during the 3rd quarter. Franklin Resources Inc. now owns 202,552 shares of the transportation company’s stock worth $11,558,000 after acquiring an additional 138,191 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in United Airlines during the 3rd quarter worth approximately $129,000. Geode Capital Management LLC grew its position in United Airlines by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company’s stock worth $477,526,000 after acquiring an additional 168,498 shares during the last quarter. MidWestOne Financial Group Inc. grew its position in United Airlines by 28.0% during the 3rd quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock worth $3,064,000 after acquiring an additional 11,743 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in United Airlines by 24.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 5,165 shares of the transportation company’s stock worth $295,000 after acquiring an additional 1,000 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.
United Airlines Trading Up 0.5 %
Shares of United Airlines stock opened at $96.83 on Friday. The stock has a fifty day moving average price of $75.84 and a 200-day moving average price of $57.42. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72. The firm has a market cap of $31.85 billion, a PE ratio of 11.68, a P/E/G ratio of 1.14 and a beta of 1.39. United Airlines has a 1 year low of $37.02 and a 1 year high of $101.60.
United Airlines (NASDAQ:UAL – Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, topping the consensus estimate of $3.10 by $0.23. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The business had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. During the same quarter in the previous year, the firm posted $3.65 earnings per share. Equities research analysts anticipate that United Airlines will post 10.23 EPS for the current year.
United Airlines declared that its board has approved a stock buyback program on Tuesday, October 15th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
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.
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