Evercore ISI Issues Pessimistic Forecast for United Airlines (NASDAQ:UAL) Stock Price

United Airlines (NASDAQ:UAL) had its price objective decreased by equities researchers at Evercore ISI from $145.00 to $100.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s target price points to a potential upside of 52.44% from the company’s previous close.

A number of other brokerages also recently weighed in on UAL. Raymond James downgraded shares of United Airlines from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 2nd. UBS Group lowered shares of United Airlines from a “buy” rating to a “neutral” rating and dropped their target price for the company from $107.00 to $59.00 in a report on Monday, April 7th. Jefferies Financial Group decreased their price objective on United Airlines from $154.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, April 1st. Susquehanna cut their price objective on shares of United Airlines from $130.00 to $90.00 and set a “positive” rating on the stock in a report on Monday, April 7th. Finally, TD Cowen increased their target price on shares of United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $102.01.

United Airlines Stock Up 4.5 %

Shares of NASDAQ UAL opened at $65.60 on Friday. United Airlines has a 52-week low of $37.02 and a 52-week high of $116.00. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The stock has a market cap of $21.47 billion, a P/E ratio of 6.96, a P/E/G ratio of 0.67 and a beta of 1.19. The firm has a 50 day moving average price of $83.20 and a 200 day moving average price of $87.22.

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

Institutional Investors Weigh In On United Airlines

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in United Airlines by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company’s stock valued at $3,548,797,000 after acquiring an additional 369,500 shares during the period. Capital International Investors lifted its holdings in shares of United Airlines by 6.3% during the fourth quarter. Capital International Investors now owns 21,261,443 shares of the transportation company’s stock valued at $2,064,825,000 after purchasing an additional 1,257,443 shares during the last quarter. Sanders Capital LLC grew its stake in shares of United Airlines by 46.4% in the 4th quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company’s stock worth $1,344,671,000 after buying an additional 4,390,721 shares during the last quarter. Capital World Investors increased its position in United Airlines by 22.4% during the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company’s stock valued at $950,461,000 after buying an additional 1,791,654 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in United Airlines by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 8,554,755 shares of the transportation company’s stock worth $840,533,000 after acquiring an additional 243,535 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

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.