United Airlines Holdings, Inc. (NASDAQ:UAL) Receives Average Rating of “Moderate Buy” from Brokerages

United Airlines Holdings, Inc. (NASDAQ:UAL) has been given an average recommendation of “Moderate Buy” by the thirteen analysts that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $66.53.

Several brokerages recently weighed in on UAL. Bank of America upped their target price on shares of United Airlines from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday. Susquehanna upped their target price on shares of United Airlines from $55.00 to $60.00 and gave the stock a “positive” rating in a report on Thursday. Raymond James upped their target price on shares of United Airlines from $66.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday. Evercore ISI upgraded shares of United Airlines from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $58.00 to $65.00 in a research note on Friday, February 9th. Finally, Redburn Atlantic cut shares of United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 price target on the stock. in a research note on Tuesday, February 13th.

Institutional Trading of United Airlines

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of 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 buying an additional 700,850 shares in the last quarter. Capital International Investors purchased a new stake in United Airlines in the 1st quarter worth about $351,299,000. Geode Capital Management LLC raised its position in United Airlines by 2.1% in the 1st quarter. Geode Capital Management LLC now owns 7,018,196 shares of the transportation company’s stock worth $310,174,000 after purchasing an additional 146,791 shares during the period. Invesco Ltd. raised its position in United Airlines by 23.5% in the 3rd quarter. Invesco Ltd. now owns 4,649,616 shares of the transportation company’s stock worth $196,679,000 after purchasing an additional 885,199 shares during the period. Finally, U S Global Investors Inc. raised its position in United Airlines by 31.9% in the 4th quarter. U S Global Investors Inc. now owns 4,159,899 shares of the transportation company’s stock worth $171,637,000 after purchasing an additional 1,005,170 shares during the period. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

United Airlines Trading Up 5.5 %

Shares of United Airlines stock opened at $51.42 on Friday. The company has a market capitalization of $16.91 billion, a P/E ratio of 6.36, a P/E/G ratio of 0.58 and a beta of 1.55. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.76 and a current ratio of 0.83. The company has a fifty day moving average of $44.29 and a 200 day moving average of $41.42. United Airlines has a fifty-two week low of $33.68 and a fifty-two week high of $58.23.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.39. The company had revenue of $13.63 billion during the quarter, compared to the consensus estimate of $13.55 billion. United Airlines had a net margin of 4.90% and a return on equity of 40.50%. United Airlines’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.46 EPS. On average, sell-side analysts anticipate that United Airlines will post 9.46 earnings per share for the current fiscal year.

About United Airlines

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.