United Airlines Holdings, Inc. (NASDAQ:UAL) Given Consensus Rating of “Buy” by Analysts

by · The Cerbat Gem

United Airlines Holdings, Inc. (NASDAQ:UAL – Get Free Report) has earned an average rating of “Buy” from the seventeen ratings firms that are covering the stock, Marketbeat reports. Fifteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $102.28.

UAL has been the subject of a number of recent research reports. Susquehanna boosted their target price on United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Thursday, October 17th. Citigroup increased their price objective on United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Morgan Stanley lifted their target price on shares of United Airlines from $88.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Jefferies Financial Group increased their price target on shares of United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $119.00 price objective on shares of United Airlines in a research report on Friday, November 15th.

Check Out Our Latest Stock Report on United Airlines

United Airlines Trading Down 1.1 %

NASDAQ UAL opened at $97.10 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. The stock’s 50-day simple moving average is $91.71 and its two-hundred day simple moving average is $64.46. United Airlines has a twelve month low of $37.02 and a twelve month high of $105.09. The company has a market capitalization of $31.93 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 1.12 and a beta of 1.44.

United Airlines (NASDAQ:UAL – Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.23. The company had revenue of $14.84 billion for the quarter, compared to analysts’ expectations of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same period last year, the firm posted $3.65 EPS. Research analysts forecast that United Airlines will post 10.27 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 shares. This buyback authorization allows the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other news, EVP Linda P. Jojo sold 60,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the completion of the transaction, the executive vice president now directly owns 63,599 shares in the company, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the company’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the completion of the transaction, the executive vice president now owns 30,427 shares in the company, valued at approximately $2,190,744. The trade was a 32.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,000 shares of company stock valued at $8,158,900 over the last quarter. Corporate insiders own 0.63% of the company’s stock.

Institutional Investors Weigh In On United Airlines

Several institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp boosted its stake in United Airlines by 0.8% during the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock valued at $588,874,000 after purchasing an additional 78,470 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of United Airlines by 41.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after purchasing an additional 908,558 shares in the last quarter. MidWestOne Financial Group Inc. boosted its position in shares of United Airlines by 28.0% during the third quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock valued at $3,064,000 after buying an additional 11,743 shares during the last quarter. Aigen Investment Management LP increased its holdings in United Airlines by 87.2% in the 3rd quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company’s stock worth $1,079,000 after buying an additional 8,808 shares in the last quarter. Finally, Edgestream Partners L.P. raised its position in United Airlines by 293.6% in the 3rd quarter. Edgestream Partners L.P. now owns 50,122 shares of the transportation company’s stock worth $2,860,000 after buying an additional 37,389 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

About United Airlines

(Get Free Report

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.

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