United Airlines (NASDAQ:UAL) Price Target Raised to $130.00

United Airlines (NASDAQ:UAL) had its price target boosted by Morgan Stanley from $88.00 to $130.00 in a report issued on Wednesday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the transportation company’s stock.

UAL has been the topic of a number of other research reports. Melius Research raised shares of United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. Jefferies Financial Group boosted their target price on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Sanford C. Bernstein boosted their target price on shares of United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 target price on shares of United Airlines in a research report on Friday, November 15th. Finally, Barclays boosted their price target on shares of United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $98.95.

United Airlines Trading Down 0.9 %

NASDAQ:UAL opened at $95.11 on Wednesday. United Airlines has a 12 month low of $37.02 and a 12 month high of $105.09. The firm has a market cap of $31.28 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of 1.17 and a beta of 1.44. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. The company’s 50 day moving average is $84.18 and its 200-day moving average is $60.49.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.23. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The business had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. During the same quarter in the previous year, the firm posted $3.65 earnings per share. Equities analysts anticipate that United Airlines will post 10.23 EPS for the current year.

United Airlines announced that its Board of Directors has approved a stock buyback plan on Tuesday, October 15th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the transportation company to buy up to 7.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Activity

In related news, EVP Torbjorn J. Enqvist sold 14,500 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the transaction, the executive vice president now owns 30,427 shares in the company, valued at $2,190,744. This represents a 32.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kate Gebo sold 17,500 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the transaction, the executive vice president now owns 40,012 shares in the company, valued at approximately $3,218,565.28. This trade represents a 30.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,000 shares of company stock worth $8,158,900. Corporate insiders own 0.63% of the company’s stock.

Institutional Trading of United Airlines

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Trust Asset Management LLC bought a new stake in United Airlines during the 3rd quarter worth about $29,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of United Airlines in the 2nd quarter valued at about $30,000. UMB Bank n.a. increased its stake in shares of United Airlines by 59.7% in the 2nd quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 255 shares during the last quarter. Armstrong Advisory Group Inc. bought a new stake in shares of United Airlines in the 3rd quarter valued at about $36,000. Finally, Quest Partners LLC increased its stake in shares of United Airlines by 3,504.8% in the 2nd quarter. Quest Partners LLC now owns 757 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 736 shares during the last quarter. 69.69% of the stock is owned by institutional investors.

About United Airlines

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.