Evercore ISI Cuts United Airlines (NASDAQ:UAL) Price Target to $100.00

United Airlines (NASDAQ:UAL) had its target price lowered by Evercore ISI from $145.00 to $100.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the transportation company’s stock.

Several other research firms also recently commented on UAL. Susquehanna reduced their price objective on United Airlines from $130.00 to $90.00 and set a “positive” rating for the company in a report on Monday, April 7th. Raymond James lowered shares of United Airlines from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. lifted their target price on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. TD Cowen upped their price target on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Morgan Stanley upped their price objective on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $102.01.

United Airlines Stock Performance

Shares of United Airlines stock opened at $65.60 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The business has a fifty day simple moving average of $83.20 and a two-hundred day simple moving average of $87.42. The firm has a market capitalization of $21.47 billion, a P/E ratio of 6.96, a P/E/G ratio of 0.67 and a beta of 1.19. United Airlines has a 12 month low of $37.02 and a 12 month high of $116.00.

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

Institutional Investors Weigh In On United Airlines

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of Jackson Hole Trust purchased a new position in shares of United Airlines during the fourth quarter valued at $25,000. Hemington Wealth Management grew its holdings in United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after purchasing an additional 131 shares during the last quarter. Capital A Wealth Management LLC acquired a new position in shares of United Airlines during the fourth quarter worth $31,000. Roxbury Financial LLC purchased a new stake in shares of United Airlines during the 4th quarter valued at $32,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of United Airlines in the 4th quarter worth $32,000. 69.69% of the stock is currently owned by hedge funds and other 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.