United Airlines (NASDAQ:UAL) Price Target Cut to $107.00 by Analysts at UBS Group

United Airlines (NASDAQ:UAL) had its price target lowered by UBS Group from $140.00 to $107.00 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

A number of other research firms also recently weighed in on UAL. Raymond James reissued an “outperform” rating and set a $130.00 target price (up previously from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. Morgan Stanley lifted their price target on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. TD Cowen lifted their price objective on United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. Bank of America dropped their price objective on United Airlines from $125.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. boosted their price target on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $112.75.

United Airlines Stock Down 0.5 %

Shares of UAL opened at $74.04 on Thursday. The firm’s 50-day simple moving average is $97.17 and its 200 day simple moving average is $84.91. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The firm has a market cap of $24.24 billion, a P/E ratio of 7.85, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. United Airlines has a 52 week low of $37.02 and a 52 week high of $116.00.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $0.30. The firm had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the business posted $2.00 earnings per share. On average, analysts forecast that United Airlines will post 12.96 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in United Airlines by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company’s stock worth $3,548,797,000 after purchasing an additional 369,500 shares in the last quarter. Capital International Investors increased its stake in shares of United Airlines by 6.3% in the fourth quarter. Capital International Investors now owns 21,261,443 shares of the transportation company’s stock valued at $2,064,825,000 after buying an additional 1,257,443 shares during the period. Sanders Capital LLC increased its stake in shares of United Airlines by 46.4% in the fourth quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company’s stock valued at $1,344,671,000 after buying an additional 4,390,721 shares during the period. State Street Corp increased its position in United Airlines by 0.8% in the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock valued at $588,874,000 after acquiring an additional 78,470 shares during the period. Finally, Capital World Investors increased its position in United Airlines by 22.4% in the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company’s stock valued at $950,461,000 after acquiring an additional 1,791,654 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

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.