United Airlines (NASDAQ:UAL) Upgraded to Hold by StockNews.com

StockNews.com upgraded shares of United Airlines (NASDAQ:UAL) from a sell rating to a hold rating in a report published on Thursday morning.

A number of other research analysts have also recently commented on UAL. TD Cowen increased their price target on shares of United Airlines from $55.00 to $65.00 and gave the company an outperform rating in a research report on Wednesday, January 24th. Redburn Atlantic cut shares of United Airlines from a buy rating to a neutral rating and set a $50.00 price target on the stock. in a research report on Tuesday, February 13th. Susquehanna reduced their price target on shares of United Airlines from $60.00 to $55.00 and set a positive rating on the stock in a research report on Tuesday, April 9th. Raymond James reduced their price target on shares of United Airlines from $68.00 to $65.00 and set an outperform rating on the stock in a research report on Wednesday, December 20th. Finally, UBS Group initiated coverage on shares of United Airlines in a research report on Wednesday, March 20th. They set a neutral rating and a $47.00 price target on the stock. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $66.53.

United Airlines Trading Up 5.5 %

Shares of United Airlines stock opened at $51.42 on Thursday. United Airlines has a 12-month low of $33.68 and a 12-month high of $58.23. The company has a market cap of $16.91 billion, a price-to-earnings ratio of 6.36, a PEG ratio of 0.70 and a beta of 1.55. The company has a current ratio of 0.75, a quick ratio of 0.76 and a debt-to-equity ratio of 2.52. The company’s 50-day moving average price is $44.29 and its 200-day moving average price is $41.42.

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

Institutional Trading of United Airlines

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UAL. NBC Securities Inc. purchased a new stake in United Airlines in the third quarter worth $25,000. Loomis Sayles & Co. L P lifted its stake in United Airlines by 707.8% in the third quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company’s stock worth $26,000 after acquiring an additional 545 shares during the period. Venturi Wealth Management LLC lifted its stake in United Airlines by 72.1% in the fourth quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock worth $27,000 after acquiring an additional 274 shares during the period. Wetzel Investment Advisors Inc. purchased a new position in United Airlines during the fourth quarter valued at $27,000. Finally, Clear Street Markets LLC lifted its position in United Airlines by 101.8% during the first quarter. Clear Street Markets LLC now owns 642 shares of the transportation company’s stock valued at $28,000 after buying an additional 36,811 shares during the period. Hedge funds and other 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.