United Airlines (NASDAQ:UAL – Get Free Report) had its price objective decreased by research analysts at Raymond James from $76.00 to $70.00 in a report released on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the transportation company’s stock. Raymond James’ price target would indicate a potential upside of 69.04% from the stock’s previous close.
Several other research firms have also issued reports on UAL. Redburn Partners raised shares of United Airlines from a “neutral” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Monday, August 7th. TD Cowen boosted their target price on United Airlines from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, July 21st. Bank of America increased their price target on United Airlines from $43.00 to $50.00 in a research note on Monday, June 26th. Citigroup dropped their price target on United Airlines from $84.00 to $75.00 in a research note on Wednesday. Finally, Argus increased their price objective on shares of United Airlines from $58.00 to $65.00 in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, United Airlines currently has an average rating of “Moderate Buy” and a consensus target price of $66.60.
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United Airlines Stock Up 2.2 %
Shares of NASDAQ UAL opened at $41.41 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 3.49. The stock has a market capitalization of $13.58 billion, a PE ratio of 5.14, a price-to-earnings-growth ratio of 0.08 and a beta of 1.44. United Airlines has a 12-month low of $32.71 and a 12-month high of $58.23. The stock’s fifty day simple moving average is $48.39 and its two-hundred day simple moving average is $49.01.
United Airlines (NASDAQ:UAL – Get Free Report) last announced its earnings results on Thursday, July 20th. The transportation company reported $5.03 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $1.00. United Airlines had a net margin of 5.24% and a return on equity of 48.89%. The business had revenue of $14.18 billion during the quarter, compared to the consensus estimate of $13.90 billion. During the same period in the previous year, the company posted $1.43 earnings per share. The firm’s revenue was up 17.1% on a year-over-year basis. As a group, analysts expect that United Airlines will post 10.32 EPS for the current fiscal year.
Insider Transactions at United Airlines
In related news, CFO Gerald Laderman sold 4,491 shares of United Airlines stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $57.05, for a total value of $256,211.55. Following the completion of the transaction, the chief financial officer now owns 133,213 shares in the company, valued at approximately $7,599,801.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.60% of the company’s stock.
Institutional Investors Weigh In On United Airlines
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its position in shares of United Airlines by 7.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 22,619 shares of the transportation company’s stock worth $1,048,000 after purchasing an additional 1,663 shares during the last quarter. Panagora Asset Management Inc. acquired a new position in shares of United Airlines during the first quarter valued at approximately $482,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of United Airlines by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 43,326 shares of the transportation company’s stock valued at $2,009,000 after acquiring an additional 2,683 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of United Airlines by 2.0% in the first quarter. Great West Life Assurance Co. Can now owns 72,334 shares of the transportation company’s stock worth $3,503,000 after acquiring an additional 1,438 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its position in shares of United Airlines by 81.9% during the first quarter. Vontobel Holding Ltd. now owns 14,960 shares of the transportation company’s stock worth $694,000 after purchasing an additional 6,737 shares in the last quarter. Hedge funds and other institutional investors own 70.37% of the company’s stock.
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, training, and maintenance services for third parties.
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