United Airlines Holdings, Inc. (NASDAQ:UAL) Receives Average Recommendation of “Hold” from Brokerages

United Airlines Holdings, Inc. (NASDAQ:UALGet Rating) has been given a consensus recommendation of “Hold” by the twenty-one ratings firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $52.47.

UAL has been the subject of several recent research reports. Bank of America raised their price objective on shares of United Airlines from $35.00 to $40.00 and gave the company an “underperform” rating in a research note on Thursday, October 20th. Citigroup raised their price objective on shares of United Airlines from $56.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, October 21st. Susquehanna Bancshares lowered shares of United Airlines to a “neutral” rating and set a $35.00 price objective for the company. in a research note on Monday, July 25th. Evercore ISI decreased their price target on shares of United Airlines to $38.00 in a research note on Friday, July 22nd. Finally, TheStreet upgraded shares of United Airlines from a “d+” rating to a “c-” rating in a research note on Tuesday, September 20th.

Insiders Place Their Bets

In other United Airlines news, EVP Gregory L. Hart sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 20th. The shares were sold at an average price of $39.54, for a total transaction of $1,186,200.00. Following the sale, the executive vice president now owns 25,258 shares of the company’s stock, valued at $998,701.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On United Airlines

A number of institutional investors have recently modified their holdings of UAL. Capital International Investors purchased a new position in United Airlines in the 1st quarter valued at $351,299,000. Altimeter Capital Management LP purchased a new position in United Airlines in the 1st quarter valued at $115,175,000. Neuberger Berman Group LLC grew its position in United Airlines by 35.7% in the 1st quarter. Neuberger Berman Group LLC now owns 5,505,255 shares of the transportation company’s stock valued at $255,183,000 after buying an additional 1,448,947 shares during the last quarter. Ensign Peak Advisors Inc grew its position in United Airlines by 1,248.8% in the 1st quarter. Ensign Peak Advisors Inc now owns 1,474,058 shares of the transportation company’s stock valued at $68,337,000 after buying an additional 1,364,768 shares during the last quarter. Finally, U S Global Investors Inc. grew its position in United Airlines by 17.4% in 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 buying an additional 1,286,491 shares during the last quarter. 63.72% of the stock is owned by institutional investors and hedge funds.

United Airlines Trading Up 4.6 %

Shares of UAL stock opened at $44.33 on Friday. The company has a debt-to-equity ratio of 5.84, a current ratio of 1.03 and a quick ratio of 0.98. The firm has a market cap of $14.48 billion, a PE ratio of -18.70 and a beta of 1.35. The company has a 50-day moving average of $37.65 and a two-hundred day moving average of $37.79. United Airlines has a 1-year low of $30.54 and a 1-year high of $53.12.

United Airlines (NASDAQ:UALGet Rating) last announced its earnings results on Wednesday, October 19th. The transportation company reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.66. The company had revenue of $12.88 billion during the quarter, compared to analyst estimates of $12.74 billion. United Airlines had a negative net margin of 1.85% and a negative return on equity of 11.42%. United Airlines’s revenue was up 66.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.02) earnings per share. On average, analysts predict that United Airlines will post 1.59 EPS for the current year.

United Airlines Company Profile

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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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Analyst Recommendations for United Airlines (NASDAQ:UAL)

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