Brokerages Set United Airlines Holdings, Inc. (NASDAQ:UAL) Target Price at $106.45

Shares of United Airlines Holdings, Inc. (NASDAQ:UAL) have been assigned a consensus rating of “Buy” from the eighteen ratings firms that are covering the firm, Marketbeat.com reports. Sixteen investment analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $106.45.

Several equities analysts have recently commented on the stock. Barclays boosted their price target 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. TD Cowen boosted their price target on shares of United Airlines from $100.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. 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 report on Thursday, October 17th. The Goldman Sachs Group reiterated a “buy” rating and issued a $119.00 price objective on shares of United Airlines in a report on Friday, November 15th. Finally, Jefferies Financial Group upped their price objective on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, October 21st.

Insider Activity

In other news, EVP Linda P. Jojo sold 60,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the completion of the transaction, the executive vice president now owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. This represents a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kate Gebo sold 17,500 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the transaction, the executive vice president now directly owns 40,012 shares of the company’s stock, valued at $3,218,565.28. This represents a 30.43 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in UAL. Federated Hermes Inc. raised its position in United Airlines by 16,098.1% in the second quarter. Federated Hermes Inc. now owns 8,585 shares of the transportation company’s stock worth $418,000 after purchasing an additional 8,532 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in United Airlines by 2.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 311,092 shares of the transportation company’s stock worth $15,138,000 after purchasing an additional 8,231 shares in the last quarter. Edgestream Partners L.P. raised its position in United Airlines by 94.5% in the second quarter. Edgestream Partners L.P. now owns 12,733 shares of the transportation company’s stock worth $620,000 after purchasing an additional 6,185 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in United Airlines by 12.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 44,545 shares of the transportation company’s stock worth $2,149,000 after purchasing an additional 4,865 shares in the last quarter. Finally, Sei Investments Co. raised its position in United Airlines by 1.7% in the second quarter. Sei Investments Co. now owns 146,621 shares of the transportation company’s stock worth $7,135,000 after purchasing an additional 2,471 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $110.52 on Friday. The company’s fifty day moving average is $98.09 and its two-hundred day moving average is $69.80. 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 has a 12-month low of $37.02 and a 12-month high of $110.92. The company has a market cap of $36.35 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 0.78 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The business had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same period in the previous year, the company posted $2.00 EPS. United Airlines’s revenue was up 7.8% on a year-over-year basis. Equities analysts expect that United Airlines will post 10.34 earnings per share for the current fiscal year.

United Airlines declared that its Board of Directors has approved a share buyback plan on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

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.