United Airlines (NASDAQ:UAL) Price Target Lowered to $75.00 at Cowen

United Airlines (NASDAQ:UALGet Rating) had its price target dropped by research analysts at Cowen from $86.50 to $75.00 in a note issued to investors on Friday, Stock Target Advisor reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Cowen’s price target indicates a potential upside of 106.44% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Evercore ISI lowered their price objective on shares of United Airlines from $56.00 to $45.00 and set an “in-line” rating on the stock in a research report on Monday, June 27th. Wolfe Research upgraded shares of United Airlines from an “underperform” rating to a “peer perform” rating in a research report on Friday, May 6th. Raymond James decreased their target price on shares of United Airlines from $62.00 to $48.00 and set an “outperform” rating on the stock in a research report on Thursday, June 23rd. The Goldman Sachs Group lifted their target price 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. Finally, Citigroup lifted their target price on shares of United Airlines from $58.00 to $71.00 in a research report on Monday, April 25th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $54.69.

United Airlines Stock Performance

United Airlines stock opened at $36.33 on Friday. The firm’s fifty day moving average price is $40.29 and its 200-day moving average price is $42.95. The company has a debt-to-equity ratio of 7.41, a quick ratio of 0.99 and a current ratio of 1.04. The stock has a market cap of $11.87 billion, a P/E ratio of -9.59 and a beta of 1.32. United Airlines has a fifty-two week low of $30.54 and a fifty-two week high of $54.52.

United Airlines (NASDAQ:UALGet Rating) last posted its quarterly earnings data on Wednesday, July 20th. The transportation company reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.34). The company had revenue of $12.11 billion for the quarter, compared to analysts’ expectations of $12.11 billion. United Airlines had a negative net margin of 3.43% and a negative return on equity of 38.92%. The business’s quarterly revenue was up 121.4% compared to the same quarter last year. During the same quarter last year, the business posted ($3.91) EPS. On average, equities research analysts expect that United Airlines will post 0.38 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Chris Kenny sold 9,700 shares of United Airlines stock in a transaction dated 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 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. In other United Airlines news, Director Edward Shapiro purchased 50,000 shares of the stock in a transaction that occurred on Monday, June 13th. The stock was bought at an average cost of $37.69 per share, with a total value of $1,884,500.00. Following the transaction, the director now directly owns 100,000 shares in the company, valued at approximately $3,769,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Chris Kenny sold 9,700 shares of United Airlines stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $47.88, for a total transaction of $464,436.00. Following the transaction, the vice president now directly owns 19,605 shares of the company’s stock, valued at $938,687.40. The disclosure for this sale can be found here. Insiders own 0.37% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in United Airlines by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 34,550,592 shares of the transportation company’s stock valued at $1,601,764,000 after acquiring an additional 700,850 shares during the period. State Street Corp lifted its position in United Airlines by 3.3% during the 4th quarter. State Street Corp now owns 10,496,229 shares of the transportation company’s stock valued at $459,525,000 after acquiring an additional 334,272 shares during the period. U S Global Investors Inc. lifted its position in United Airlines by 17.4% during the 1st quarter. U S Global Investors Inc. now owns 8,690,336 shares of the transportation company’s stock valued at $402,884,000 after acquiring an additional 1,286,491 shares during the period. Capital International Investors purchased a new position in United Airlines during the 1st quarter valued at about $351,299,000. Finally, Geode Capital Management LLC lifted its position in United Airlines by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 6,026,644 shares of the transportation company’s stock valued at $263,454,000 after acquiring an additional 155,874 shares during the period. 57.92% of the stock is owned by hedge funds and other institutional investors.

United Airlines Company Profile

(Get Rating)

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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