United Airlines Holdings, Inc. (NASDAQ:UAL) Given Average Rating of “Moderate Buy” by Brokerages

Shares of United Airlines Holdings, Inc. (NASDAQ:UAL) have been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $71.68.

A number of research analysts have recently commented on UAL shares. TD Cowen upped their target price on United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Jefferies Financial Group raised United Airlines from a “hold” rating to a “buy” rating and upped their price objective for the company from $54.00 to $65.00 in a research report on Wednesday, May 29th. Redburn Atlantic upgraded United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Thursday, June 6th. Finally, Citigroup boosted their target price on shares of United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th.

United Airlines Stock Down 0.8 %

Shares of UAL opened at $52.17 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 2.07. The business has a fifty day moving average of $44.98 and a 200 day moving average of $47.52. The company has a market cap of $17.15 billion, a PE ratio of 6.45, a P/E/G ratio of 1.08 and a beta of 1.43. United Airlines has a 52-week low of $33.68 and a 52-week high of $56.17.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Wednesday, July 17th. The transportation company reported $4.14 EPS for the quarter, topping analysts’ consensus estimates of $3.97 by $0.17. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The firm had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $15.04 billion. During the same period in the previous year, the company earned $5.03 EPS. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, sell-side analysts expect that United Airlines will post 9.73 EPS for the current year.

Hedge Funds Weigh In On United Airlines

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas purchased a new stake in United Airlines during the first quarter worth $25,000. Fidelis Capital Partners LLC purchased a new stake in shares of United Airlines during the 1st quarter worth $27,000. Strategic Investment Solutions Inc. IL bought a new stake in United Airlines during the second quarter valued at about $30,000. Crewe Advisors LLC purchased a new position in United Airlines in the first quarter valued at about $32,000. Finally, GoalVest Advisory LLC bought a new position in United Airlines in the first quarter worth about $33,000. 69.69% of the stock is currently owned by institutional investors.

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.