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

Shares of United Airlines Holdings, Inc. (NASDAQ:UAL – Get Rating) have been assigned an average rating of “Hold” from the twenty-two analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $56.31.

Several research analysts have recently weighed in on UAL shares. Argus raised United Airlines from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Tuesday, December 6th. Morgan Stanley upgraded United Airlines from an “equal weight” rating to an “overweight” rating and set a $67.00 target price for the company in a research note on Monday, December 5th. Barclays upgraded United Airlines from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $52.00 to $80.00 in a research note on Friday, March 10th. The Goldman Sachs Group started coverage on United Airlines in a research note on Friday, December 16th. They issued a “buy” rating and a $51.00 target price for the company. Finally, BNP Paribas upgraded United Airlines from an “underperform” rating to an “outperform” rating and set a $70.00 price target for the company in a research note on Tuesday, March 7th.

United Airlines Trading Down 6.6 %

Shares of UAL stock opened at $43.14 on Thursday. The stock’s fifty day moving average price is $49.59 and its two-hundred day moving average price is $42.88. The company has a market cap of $14.11 billion, a PE ratio of 19.88 and a beta of 1.43. United Airlines has a fifty-two week low of $31.58 and a fifty-two week high of $55.04. The company has a debt-to-equity ratio of 4.12, a quick ratio of 0.95 and a current ratio of 1.00.

United Airlines (NASDAQ:UAL – Get Rating) last announced its quarterly earnings results on Tuesday, January 17th. The transportation company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.39. United Airlines had a return on equity of 17.15% and a net margin of 1.64%. The company had revenue of $12.40 billion during the quarter, compared to analysts’ expectations of $12.23 billion. During the same period in the prior year, the company earned ($1.60) EPS. United Airlines’s revenue was up 51.4% compared to the same quarter last year. Equities analysts predict that United Airlines will post 8.24 EPS for the current fiscal year.

Insider Activity at United Airlines

In related news, VP Chris Kenny sold 16,000 shares of United Airlines stock in a transaction on Friday, February 10th. The stock was sold at an average price of $48.94, for a total value of $783,040.00. Following the completion of the sale, the vice president now owns 8,132 shares of the company’s stock, valued at $397,980.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Chris Kenny sold 16,000 shares of United Airlines stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $48.94, for a total value of $783,040.00. Following the sale, the vice president now directly owns 8,132 shares of the company’s stock, valued at $397,980.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gregory L. Hart sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $50.73, for a total value of $1,014,600.00. Following the sale, the executive vice president now directly owns 19,652 shares in the company, valued at $996,945.96. The disclosure for this sale can be found here. 0.37% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On United Airlines

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. lifted its stake in United Airlines by 1,749.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 469,061 shares of the transportation company’s stock worth $17,683,000 after purchasing an additional 443,704 shares in the last quarter. Voya Investment Management LLC increased its holdings in United Airlines by 2.5% in the 4th quarter. Voya Investment Management LLC now owns 115,376 shares of the transportation company’s stock valued at $4,350,000 after purchasing an additional 2,846 shares during the last quarter. Gallagher Benefit Services Inc. acquired a new position in shares of United Airlines in the fourth quarter worth $202,000. Boulder Wealth Advisors LLC acquired a new position in shares of United Airlines in the fourth quarter worth $40,000. Finally, Truist Financial Corp lifted its position in shares of United Airlines by 275.8% during the 4th quarter. Truist Financial Corp now owns 88,056 shares of the transportation company’s stock worth $3,320,000 after purchasing an additional 64,627 shares during the last quarter. 59.73% of the stock is owned by institutional investors and hedge funds.

United Airlines Company Profile

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United Airlines Holdings, Inc is a holding company, which engages in the provision of transportation services. It operates through the following geographical segments: Domestic, Atlantic, Pacific, and Latin America. The company was founded on December 30, 1968 and is headquartered in Chicago, IL.