United Airlines Holdings, Inc. (NASDAQ:UAL) Receives $70.89 Average Price Target from Brokerages

Shares of United Airlines Holdings, Inc. (NASDAQ:UAL) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $70.89.

Several research firms have recently weighed in on UAL. Raymond James raised their price objective on shares of United Airlines from $66.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. UBS Group began coverage on shares of United Airlines in a report on Wednesday, March 20th. They issued a “neutral” rating and a $47.00 target price for the company. Morgan Stanley raised their target price on shares of United Airlines from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. HSBC began coverage on shares of United Airlines in a report on Monday, May 13th. They issued a “buy” rating and a $69.20 target price for the company. Finally, StockNews.com upgraded shares of United Airlines from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th.

Insiders Place Their Bets

In other United Airlines news, EVP Kate Gebo sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $50.86, for a total transaction of $762,900.00. Following the completion of the transaction, the executive vice president now owns 57,512 shares of the company’s stock, valued at approximately $2,925,060.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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. Capital International Investors increased its holdings in shares of United Airlines by 2.4% in the first quarter. Capital International Investors now owns 18,502,761 shares of the transportation company’s stock valued at $885,912,000 after purchasing an additional 429,501 shares during the last quarter. U S Global Investors Inc. increased its holdings in shares of United Airlines by 31.9% in the fourth quarter. U S Global Investors Inc. now owns 4,159,899 shares of the transportation company’s stock valued at $171,637,000 after purchasing an additional 1,005,170 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of United Airlines by 24.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,143,202 shares of the transportation company’s stock valued at $170,974,000 after purchasing an additional 812,257 shares during the last quarter. Par Capital Management Inc. increased its holdings in shares of United Airlines by 7.2% in the fourth quarter. Par Capital Management Inc. now owns 2,223,400 shares of the transportation company’s stock valued at $91,737,000 after purchasing an additional 150,000 shares during the last quarter. Finally, Interval Partners LP acquired a new position in shares of United Airlines in the first quarter valued at $103,354,000. 69.69% of the stock is owned by institutional investors.

United Airlines Stock Up 0.8 %

United Airlines stock opened at $47.20 on Wednesday. United Airlines has a 52 week low of $33.68 and a 52 week high of $58.23. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 2.52. The company’s 50-day moving average price is $51.26 and its two-hundred day moving average price is $46.49. The stock has a market cap of $15.52 billion, a price-to-earnings ratio of 5.83, a PEG ratio of 0.46 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, April 16th. The transportation company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.53) by $0.38. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. The company had revenue of $12.54 billion during the quarter, compared to analyst estimates of $12.43 billion. On average, analysts expect that United Airlines will post 9.97 EPS for the current fiscal year.

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.