United Airlines (NASDAQ:UAL) Stock Rating Upgraded by StockNews.com

United Airlines (NASDAQ:UAL) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley boosted their price objective on shares of United Airlines from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Bank of America boosted their target price on shares of United Airlines from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Susquehanna boosted their target price on shares of United Airlines from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Thursday, April 18th. UBS Group started coverage on shares of United Airlines in a research note on Wednesday, March 20th. They set a “neutral” rating and a $47.00 target price for the company. Finally, Raymond James boosted their target price on shares of United Airlines from $66.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Four investment analysts have rated the stock with a hold rating and ten have issued 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 an average price target of $66.53.

United Airlines Trading Up 1.6 %

Shares of UAL opened at $53.51 on Wednesday. The company’s fifty day moving average is $45.34 and its 200 day moving average is $41.83. United Airlines has a fifty-two week low of $33.68 and a fifty-two week high of $58.23. The stock has a market capitalization of $17.59 billion, a PE ratio of 6.61, a P/E/G ratio of 0.54 and a beta of 1.55. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.69 and a current ratio of 0.75.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.39. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. The company had revenue of $13.63 billion for the quarter, compared to analysts’ expectations of $13.55 billion. During the same quarter in the previous year, the business posted $2.46 earnings per share. United Airlines’s quarterly revenue was up 9.9% on a year-over-year basis. Sell-side analysts expect that United Airlines will post 9.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Kate Gebo sold 15,000 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $50.86, for a total value of $762,900.00. Following the completion of the transaction, the executive vice president now directly owns 57,512 shares of the company’s stock, valued at approximately $2,925,060.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.63% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On United Airlines

Institutional investors have recently bought and sold shares of the business. JB Capital LLC acquired a new stake in United Airlines in the 4th quarter valued at $201,000. NWI Management LP raised 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 valued at $8,249,000 after buying an additional 80,000 shares during the period. International Assets Investment Management LLC raised its holdings in United Airlines by 3,636.1% in the 4th 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 period. Allspring Global Investments Holdings LLC raised 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 valued at $12,197,000 after buying an additional 89,106 shares during the period. Finally, Los Angeles Capital Management LLC raised 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 valued at $36,456,000 after buying an additional 820,660 shares during the period. 69.69% of the stock is owned by hedge funds and other institutional investors.

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.