Susquehanna Has Lowered Expectations for United Airlines (NASDAQ:UAL) Stock Price

United Airlines (NASDAQ:UAL) had its price target trimmed by Susquehanna from $130.00 to $90.00 in a research report released on Monday,Benzinga reports. The brokerage currently has a positive rating on the transportation company’s stock.

Several other research analysts have also recently issued reports on the company. UBS Group cut United Airlines from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $107.00 to $59.00 in a research note on Monday. 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. Barclays set a $140.00 price objective on shares of United Airlines and gave the stock an “overweight” rating in a research note on Wednesday, March 12th. Raymond James downgraded shares of United Airlines from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd. Finally, Morgan Stanley increased their price objective on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.21.

United Airlines Stock Up 1.9 %

Shares of UAL opened at $58.77 on Monday. The firm has a fifty day moving average price of $88.42 and a 200-day moving average price of $87.25. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The firm has a market capitalization of $19.24 billion, a P/E ratio of 6.23, a P/E/G ratio of 0.67 and a beta of 1.19. United Airlines has a 12-month low of $37.02 and a 12-month high of $116.00.

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

Institutional Investors Weigh In On United Airlines

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of United Airlines by 1.0% in 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 purchasing an additional 369,500 shares during the last quarter. Capital International Investors lifted its stake 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 worth $2,064,825,000 after buying an additional 1,257,443 shares during the period. Sanders Capital LLC grew its holdings 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 valued at $1,344,671,000 after buying an additional 4,390,721 shares during the last quarter. State Street Corp increased its position in shares of United Airlines by 0.8% in the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock valued at $588,874,000 after acquiring an additional 78,470 shares during the period. Finally, Capital World Investors raised its stake in United Airlines by 22.4% in the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company’s stock worth $950,461,000 after acquiring an additional 1,791,654 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

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.