United Airlines (NASDAQ:UAL) Trading Down 3.8% After Analyst Downgrade

United Airlines Holdings, Inc. (NASDAQ:UALGet Rating) fell 3.8% during mid-day trading on Thursday after Raymond James lowered their price target on the stock from $62.00 to $48.00. The company traded as low as $35.28 and last traded at $35.33. 98,999 shares were traded during trading, a decline of 99% from the average session volume of 11,454,350 shares. The stock had previously closed at $36.72.

A number of other equities analysts have also commented on UAL. Exane BNP Paribas raised shares of United Airlines from an “underperform” rating to a “neutral” rating in a research report on Friday, March 18th. Argus raised shares of United Airlines from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Friday, April 22nd. BNP Paribas raised shares of United Airlines from an “underperform” rating to a “neutral” rating and set a $38.00 price target on the stock in a research report on Friday, March 18th. Cowen raised their price target on shares of United Airlines from $78.00 to $86.50 and gave the stock an “outperform” rating in a research report on Friday, April 22nd. Finally, The Goldman Sachs Group raised their price target on shares of United Airlines from $52.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, April 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, United Airlines presently has an average rating of “Moderate Buy” and a consensus price target of $62.07.

In related news, VP Chris Kenny sold 9,700 shares of United Airlines stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $47.88, for a total transaction of $464,436.00. Following the sale, the vice president now directly owns 19,605 shares of the company’s stock, valued at approximately $938,687.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edward Shapiro purchased 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 2nd. The shares were bought at an average cost of $45.20 per share, for a total transaction of $1,130,000.00. Following the completion of the acquisition, the director now directly owns 25,000 shares in the company, valued at approximately $1,130,000. The disclosure for this purchase can be found here. Insiders have sold a total of 32,539 shares of company stock worth $1,434,925 over the last ninety days. 0.37% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the stock. Addison Advisors LLC lifted its position in shares of United Airlines by 307.7% in the 1st quarter. Addison Advisors LLC now owns 583 shares of the transportation company’s stock worth $27,000 after purchasing an additional 440 shares during the period. Citizens National Bank Trust Department acquired a new position in shares of United Airlines in the 4th quarter worth approximately $31,000. CENTRAL TRUST Co acquired a new position in shares of United Airlines in the 1st quarter worth approximately $35,000. EverSource Wealth Advisors LLC acquired a new position in shares of United Airlines in the 4th quarter worth approximately $34,000. Finally, Wahed Invest LLC acquired a new position in shares of United Airlines in the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

The stock has a market cap of $11.70 billion, a price-to-earnings ratio of -5.84 and a beta of 1.23. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 8.24. The stock’s 50-day moving average price is $44.57 and its 200-day moving average price is $43.86.

United Airlines (NASDAQ:UALGet Rating) last released its earnings results on Wednesday, April 20th. The transportation company reported ($4.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($4.19) by ($0.05). United Airlines had a negative net margin of 6.85% and a negative return on equity of 73.54%. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.68 billion. During the same quarter in the previous year, the firm earned ($7.50) EPS. The firm’s revenue was up 134.9% on a year-over-year basis. As a group, analysts predict that United Airlines Holdings, Inc. will post 0.15 earnings per share for the current year.

United Airlines Company Profile (NASDAQ:UAL)

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, training, and maintenance services for third parties.

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