United Airlines (NASDAQ:UAL) PT Raised to $100.00

United Airlines (NASDAQ:UAL) had its target price raised by analysts at TD Cowen from $80.00 to $100.00 in a note issued to investors on Thursday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the transportation company’s stock. TD Cowen’s target price would suggest a potential upside of 34.86% from the company’s current price.

UAL has been the subject of several other research reports. Jefferies Financial Group raised their target price on shares of United Airlines from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Barclays raised their target price on shares of United Airlines from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Susquehanna raised their target price on shares of United Airlines from $60.00 to $70.00 and gave the stock a “positive” rating in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.88.

United Airlines Trading Up 1.1 %

NASDAQ:UAL opened at $74.15 on Thursday. United Airlines has a 12 month low of $33.68 and a 12 month high of $74.95. The firm has a fifty day simple moving average of $51.38 and a 200-day simple moving average of $49.68. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 2.07. The company has a market capitalization of $24.38 billion, a P/E ratio of 9.17, a PEG ratio of 0.94 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.23. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The firm had revenue of $14.84 billion during the quarter, compared to analysts’ expectations of $14.76 billion. During the same quarter last year, the company posted $3.65 earnings per share. On average, equities research analysts anticipate that United Airlines will post 9.88 earnings per share for the current year.

United Airlines declared that its board has authorized a share repurchase program on Tuesday, October 15th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On United Airlines

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Seamount Financial Group Inc. boosted its position in United Airlines by 3.8% during the third quarter. Seamount Financial Group Inc. now owns 8,195 shares of the transportation company’s stock worth $468,000 after acquiring an additional 302 shares during the last quarter. Blue Trust Inc. boosted its holdings in United Airlines by 108.6% in the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 392 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in United Airlines by 16.3% in the 3rd quarter. V Square Quantitative Management LLC now owns 7,527 shares of the transportation company’s stock valued at $429,000 after purchasing an additional 1,057 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in United Airlines by 19.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,928 shares of the transportation company’s stock valued at $338,000 after purchasing an additional 982 shares during the last quarter. Finally, Creative Planning boosted its holdings in United Airlines by 16.5% in the 3rd quarter. Creative Planning now owns 132,807 shares of the transportation company’s stock valued at $7,578,000 after purchasing an additional 18,767 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

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.