United Airlines (NASDAQ:UAL) Receives New Coverage from Analysts at HSBC

HSBC started coverage on shares of United Airlines (NASDAQ:UALFree Report) in a research report report published on Monday morning, Benzinga reports. The firm issued a buy rating and a $69.20 target price on the transportation company’s stock.

UAL has been the topic of a number of other reports. Evercore ISI raised shares of United Airlines from an in-line rating to an outperform rating and boosted their price objective for the company from $58.00 to $65.00 in a research report on Friday, February 9th. TD Cowen lifted their target price on United Airlines from $55.00 to $65.00 and gave the company an outperform rating in a research report on Wednesday, January 24th. Bank of America upped their price target on shares of United Airlines from $60.00 to $70.00 and gave the stock a buy rating in a research report on Thursday, April 18th. UBS Group began coverage on United Airlines in a research note on Wednesday, March 20th. They set a neutral rating and a $47.00 target price on the stock. Finally, StockNews.com upgraded shares of United Airlines from a sell rating to a hold rating in a research note on Wednesday, April 24th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, United Airlines has an average rating of Moderate Buy and a consensus target price of $66.70.

View Our Latest Report on UAL

United Airlines Trading Up 3.2 %

NASDAQ:UAL opened at $54.40 on Monday. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.75 and a quick ratio of 0.69. United Airlines has a 1 year low of $33.68 and a 1 year high of $58.23. The company has a market cap of $17.89 billion, a P/E ratio of 6.72, a P/E/G ratio of 0.52 and a beta of 1.49. The stock’s fifty day moving average price is $47.13 and its two-hundred day moving average price is $43.01.

United Airlines (NASDAQ:UALGet Free Report) last announced its earnings results on Tuesday, April 16th. The transportation company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.38. The business had revenue of $12.54 billion for the quarter, compared to the consensus estimate of $12.43 billion. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. As a group, analysts expect that United Airlines will post 9.93 EPS for the current year.

Insider Buying and Selling at United Airlines

In related news, EVP Kate Gebo sold 15,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $50.86, for a total transaction of $762,900.00. Following the sale, the executive vice president now directly owns 57,512 shares of the company’s stock, valued at $2,925,060.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.63% of the company’s stock.

Institutional Investors Weigh In On United Airlines

Several institutional investors and hedge funds have recently added to or reduced their stakes in UAL. BNP Paribas acquired a new position in United Airlines in the first quarter valued at about $25,000. Fidelis Capital Partners LLC purchased a new stake in United Airlines during the first quarter worth about $27,000. NBC Securities Inc. purchased a new position in shares of United Airlines in the third quarter valued at approximately $25,000. Loomis Sayles & Co. L P boosted its stake in shares of United Airlines by 707.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company’s stock valued at $26,000 after buying an additional 545 shares during the period. Finally, Wetzel Investment Advisors Inc. purchased a new position in shares of United Airlines in the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

About United Airlines

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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.

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Analyst Recommendations for United Airlines (NASDAQ:UAL)

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