United Airlines (NASDAQ:UAL – Get Free Report) had its target price reduced by investment analysts at Barclays from $140.00 to $94.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. Barclays‘s price target points to a potential upside of 32.71% from the company’s current price.
Other equities analysts have also recently issued research reports about the stock. UBS Group cut shares of United Airlines from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $107.00 to $59.00 in a research report on Monday. TD Cowen lifted their target price on United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Raymond James lowered United Airlines from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd. Bank of America decreased their price objective on shares of United Airlines from $110.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Finally, Morgan Stanley raised their price target on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.15.
Read Our Latest Stock Analysis on United Airlines
United Airlines Trading Up 26.1 %
United Airlines (NASDAQ:UAL – Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same period in the prior year, the company posted $2.00 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts predict that United Airlines will post 12.96 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of Jackson Hole Trust bought a new position in United Airlines in the 4th quarter valued at about $25,000. Hemington Wealth Management increased its stake in shares of United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 131 shares during the period. Capital A Wealth Management LLC acquired a new stake in United Airlines in the fourth quarter worth approximately $31,000. Whipplewood Advisors LLC acquired a new stake in United Airlines in the fourth quarter worth approximately $32,000. Finally, Roxbury Financial LLC bought a new position in United Airlines during the 4th quarter valued at $32,000. 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.
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