United Airlines (NASDAQ:UAL) Shares Gap Up to $41.50

Shares of United Airlines Holdings, Inc. (NASDAQ:UAL) gapped up prior to trading on Wednesday . The stock had previously closed at $41.50, but opened at $44.45. United Airlines shares last traded at $46.44, with a volume of 10,795,428 shares traded.

Analyst Upgrades and Downgrades

Several analysts have issued reports on UAL shares. Raymond James upped their target price on United Airlines from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday. StockNews.com raised United Airlines from a “sell” rating to a “hold” rating in a research note on Thursday. Morgan Stanley upped their target price on United Airlines from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday. UBS Group started coverage on United Airlines in a research note on Wednesday, March 20th. They issued a “neutral” rating and a $47.00 target price for the company. Finally, TD Cowen upped their target price on United Airlines from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.53.

United Airlines Price Performance

The company has a quick ratio of 0.76, a current ratio of 0.75 and a debt-to-equity ratio of 2.52. The firm has a fifty day moving average price of $44.29 and a two-hundred day moving average price of $41.42. The stock has a market capitalization of $16.91 billion, a P/E ratio of 6.36, a P/E/G ratio of 0.70 and a beta of 1.55.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.39. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. The firm had revenue of $13.63 billion during the quarter, compared to the consensus estimate of $13.55 billion. During the same period last year, the company earned $2.46 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. On average, analysts expect that United Airlines Holdings, Inc. will post 9.3 EPS for the current year.

Hedge Funds Weigh In On United Airlines

Institutional investors and hedge funds have recently modified their holdings of the stock. JB Capital LLC bought a new stake in United Airlines in the 4th quarter worth about $201,000. NWI Management LP increased its holdings in United Airlines by 69.6% in the 3rd quarter. NWI Management LP now owns 195,000 shares of the transportation company’s stock worth $8,249,000 after buying an additional 80,000 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in United Airlines by 43.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 295,615 shares of the transportation company’s stock worth $12,197,000 after buying an additional 89,106 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in United Airlines by 1,993.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 861,835 shares of the transportation company’s stock worth $36,456,000 after buying an additional 820,660 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in United Airlines by 145.0% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 20,396 shares of the transportation company’s stock worth $863,000 after buying an additional 12,070 shares in the last quarter. 69.69% of the stock is currently owned by 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.