United Airlines (NASDAQ:UAL) Shares Gap Up to $41.50

United Airlines Holdings, Inc. (NASDAQ:UAL)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $41.50, but opened at $44.45. United Airlines shares last traded at $46.44, with a volume of 10,795,428 shares trading hands.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Raymond James upped their target price on United Airlines from $66.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday. Morgan Stanley upped their target price on United Airlines from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday. Redburn Atlantic lowered United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 target price on the stock. in a research report on Tuesday, February 13th. StockNews.com raised United Airlines from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Evercore ISI raised United Airlines from an “in-line” rating to an “outperform” rating and upped their target price for the company from $58.00 to $65.00 in a research report on Friday, February 9th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, United Airlines currently has a consensus rating of “Moderate Buy” and an average target price of $66.53.

United Airlines Stock Performance

The firm has a 50-day moving average of $44.29 and a two-hundred day moving average of $41.42. The company has a quick ratio of 0.76, a current ratio of 0.75 and a debt-to-equity ratio of 2.52. The company has a market capitalization of $16.91 billion, a PE ratio of 6.36, a PEG ratio of 0.70 and a beta of 1.55.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.39. The company had revenue of $13.63 billion during the quarter, compared to analysts’ expectations of $13.55 billion. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. United Airlines’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the business earned $2.46 earnings per share. Research analysts anticipate that United Airlines Holdings, Inc. will post 9.3 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of UAL. Capital International Investors acquired a new stake in United Airlines in the first quarter valued at approximately $351,299,000. Altimeter Capital Management LP acquired a new stake in United Airlines in the first quarter valued at approximately $115,175,000. Ensign Peak Advisors Inc grew its holdings in United Airlines by 1,248.8% in the first quarter. Ensign Peak Advisors Inc now owns 1,474,058 shares of the transportation company’s stock valued at $68,337,000 after purchasing an additional 1,364,768 shares during the period. Man Group plc grew its holdings in United Airlines by 347.1% in the fourth quarter. Man Group plc now owns 1,549,450 shares of the transportation company’s stock valued at $58,414,000 after purchasing an additional 1,202,905 shares during the period. Finally, U S Global Investors Inc. grew its holdings in United Airlines by 31.9% in the fourth quarter. U S Global Investors Inc. now owns 4,159,899 shares of the transportation company’s stock valued at $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 Company Profile

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.