Susquehanna Increases United Airlines (NASDAQ:UAL) Price Target to $60.00

United Airlines (NASDAQ:UAL) had its price objective hoisted by analysts at Susquehanna from $55.00 to $60.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “positive” rating on the transportation company’s stock. Susquehanna’s price objective would suggest a potential upside of 16.78% from the company’s current price.

A number of other equities research analysts have also weighed in on UAL. UBS Group assumed coverage on United Airlines in a research report on Wednesday, March 20th. They issued a “neutral” rating and a $47.00 price objective on the stock. Evercore ISI upgraded United Airlines from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $58.00 to $65.00 in a research report on Friday, February 9th. TD Cowen lifted their price objective on United Airlines from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Raymond James cut their price objective on 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, StockNews.com upgraded United Airlines from a “sell” rating to a “hold” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.53.

United Airlines Price Performance

UAL opened at $51.38 on Thursday. The stock’s 50 day simple moving average is $44.47 and its 200 day simple moving average is $41.49. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.75 and a quick ratio of 0.76. United Airlines has a 1 year low of $33.68 and a 1 year high of $58.23. The firm has a market cap of $16.89 billion, a price-to-earnings ratio of 6.35, a PEG ratio of 0.70 and a beta of 1.55.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, topping 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 business had revenue of $13.63 billion for the quarter, compared to analyst estimates of $13.55 billion. During the same period last year, the company earned $2.46 EPS. United Airlines’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, analysts predict that United Airlines will post 9.3 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. JB Capital LLC purchased a new position in United Airlines during the fourth quarter valued at $201,000. NWI Management LP raised its stake in United Airlines by 69.6% during the third quarter. NWI Management LP now owns 195,000 shares of the transportation company’s stock valued at $8,249,000 after buying an additional 80,000 shares during the last quarter. International Assets Investment Management LLC raised its stake in United Airlines by 3,636.1% during the fourth quarter. International Assets Investment Management LLC now owns 82,231 shares of the transportation company’s stock valued at $3,393,000 after buying an additional 80,030 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in United Airlines by 43.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 295,615 shares of the transportation company’s stock valued at $12,197,000 after buying an additional 89,106 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in United Airlines by 1,993.1% during the third quarter. Los Angeles Capital Management LLC now owns 861,835 shares of the transportation company’s stock valued at $36,456,000 after buying an additional 820,660 shares during the last quarter. 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.