TD Cowen Boosts United Airlines (NASDAQ:UAL) Price Target to $88.00

United Airlines (NASDAQ:UAL) had its price target increased by equities researchers at TD Cowen from $73.00 to $88.00 in a report issued on Tuesday, Marketbeat reports. The brokerage presently has a “buy” rating on the transportation company’s stock. TD Cowen’s price target would suggest a potential upside of 29.35% from the stock’s current price.

Several other analysts have also weighed in on the stock. Raymond James lowered shares of United Airlines from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. lifted their price objective on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Bank of America dropped their target price on United Airlines from $110.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Jefferies Financial Group decreased their price target on United Airlines from $154.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st. Finally, Evercore ISI dropped their price objective on United Airlines from $145.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.14.

United Airlines Trading Up 1.6 %

Shares of UAL opened at $68.03 on Tuesday. The stock’s 50-day moving average price is $76.95 and its 200 day moving average price is $87.53. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. United Airlines has a 12-month low of $37.02 and a 12-month high of $116.00. The firm has a market capitalization of $22.29 billion, a price-to-earnings ratio of 7.21, a P/E/G ratio of 0.67 and a beta of 1.19.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.16. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business had revenue of $13.21 billion for the quarter, compared to analysts’ expectations of $13.47 billion. As a group, research analysts predict that United Airlines will post 12.96 earnings per share for the current year.

Institutional Investors Weigh In On United Airlines

A number of institutional investors and hedge funds have recently made changes to their positions in UAL. Vanguard Group Inc. increased its position in United Airlines by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company’s stock worth $3,548,797,000 after purchasing an additional 369,500 shares during the period. Capital International Investors grew its position in shares of United Airlines by 6.3% during the 4th quarter. Capital International Investors now owns 21,261,443 shares of the transportation company’s stock worth $2,064,825,000 after buying an additional 1,257,443 shares during the period. Sanders Capital LLC raised its stake in shares of United Airlines by 46.4% during the fourth 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 lifted its holdings in United Airlines by 22.4% in the fourth 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 during the period. Finally, Geode Capital Management LLC boosted its stake 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 valued at $840,533,000 after acquiring an additional 243,535 shares during 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.