United Airlines (NASDAQ:UAL) Upgraded at Barclays

United Airlines (NASDAQ:UAL) was upgraded by investment analysts at Barclays to a “strong-buy” rating in a research report issued on Monday, Zacks.com reports.

UAL has been the topic of several other research reports. Jefferies Financial Group lifted their price objective on shares of United Airlines from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. TD Cowen lifted their price target on United Airlines from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Susquehanna increased their price objective on United Airlines from $60.00 to $70.00 and gave the company a “positive” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $74.32.

United Airlines Stock Performance

NASDAQ:UAL opened at $64.05 on Monday. The stock has a market cap of $21.06 billion, a P/E ratio of 7.92, a PEG ratio of 0.89 and a beta of 1.44. 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’s 50-day moving average price is $49.42 and its two-hundred day moving average price is $49.17. United Airlines has a twelve month low of $33.68 and a twelve month high of $65.02.

United Airlines (NASDAQ:UAL) last announced its earnings results on Wednesday, July 17th. The transportation company reported $4.14 earnings per share for the quarter, beating 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 business had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $15.04 billion. During the same period last year, the firm posted $5.03 earnings per share. United Airlines’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, equities analysts predict that United Airlines will post 9.88 EPS for the current fiscal year.

United Airlines declared that its Board of Directors has initiated a share repurchase plan on Tuesday, October 15th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the transportation company to reacquire up to 7.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UAL. Wahed Invest LLC grew its holdings in United Airlines by 13.7% in the first quarter. Wahed Invest LLC now owns 1,591 shares of the transportation company’s stock worth $76,000 after purchasing an additional 192 shares during the period. Mather Group LLC. grew its stake in shares of United Airlines by 26.6% in the 2nd quarter. Mather Group LLC. now owns 1,174 shares of the transportation company’s stock worth $56,000 after buying an additional 247 shares during the last quarter. UMB Bank n.a. increased its position in United Airlines by 59.7% during the 2nd quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock valued at $33,000 after buying an additional 255 shares in the last quarter. Czech National Bank raised its stake in United Airlines by 0.5% during the first quarter. Czech National Bank now owns 57,714 shares of the transportation company’s stock valued at $2,763,000 after buying an additional 271 shares during the last quarter. Finally, XML Financial LLC boosted its holdings in United Airlines by 2.3% in the first quarter. XML Financial LLC now owns 11,970 shares of the transportation company’s stock worth $573,000 after acquiring an additional 272 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.