United Airlines Holdings, Inc. (NASDAQ:UAL) Receives $111.08 Consensus Target Price from Brokerages

Shares of United Airlines Holdings, Inc. (NASDAQ:UAL) have been given a consensus recommendation of “Buy” by the seventeen analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $111.08.

UAL has been the subject of a number of analyst reports. UBS Group cut their price target on United Airlines from $140.00 to $107.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. Morgan Stanley upped their price target on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. TD Cowen raised their price objective on United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Jefferies Financial Group reduced their target price on shares of United Airlines from $154.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, April 1st. Finally, JPMorgan Chase & Co. raised their price target on shares of United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th.

Institutional Trading of United Airlines

A number of hedge funds and other institutional investors have recently bought and sold shares of UAL. Bank of Jackson Hole Trust bought a new stake in shares of United Airlines during the 4th quarter valued at about $25,000. Hemington Wealth Management increased its position in shares of United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after purchasing an additional 131 shares during the last quarter. Capital A Wealth Management LLC purchased a new position in United Airlines in the 4th quarter worth approximately $31,000. Roxbury Financial LLC bought a new position in shares of United Airlines in the 4th quarter worth $32,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of United Airlines during the 4th quarter valued at $32,000. Institutional investors own 69.69% of the company’s stock.

United Airlines Stock Down 4.3 %

Shares of NASDAQ:UAL opened at $57.67 on Friday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. United Airlines has a 52-week low of $37.02 and a 52-week high of $116.00. The business’s 50 day simple moving average is $89.38 and its two-hundred day simple moving average is $87.21. The firm has a market cap of $18.88 billion, a P/E ratio of 6.12, a PEG ratio of 0.67 and a beta of 1.19.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. The company had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. United Airlines’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $2.00 EPS. As a group, research analysts forecast that United Airlines will post 12.96 EPS for the current fiscal year.

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.