United Airlines (NASDAQ:UAL) PT Raised to $70.00 at Raymond James

United Airlines (NASDAQ:UAL) had its price objective lifted by investment analysts at Raymond James from $66.00 to $70.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Raymond James’ price objective would suggest a potential upside of 36.24% from the stock’s previous close.

A number of other brokerages have also issued reports on UAL. Redburn Atlantic lowered shares of 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. Bank of America increased their price objective on shares of United Airlines from $60.00 to $70.00 and gave the company a “buy” rating in a report on Thursday. Susquehanna increased their price objective on shares of United Airlines from $55.00 to $60.00 and gave the company a “positive” rating in a report on Thursday. Evercore ISI raised shares of United Airlines from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $58.00 to $65.00 in a research report on Friday, February 9th. Finally, TD Cowen raised their target price on shares of United Airlines from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.53.

United Airlines Price Performance

Shares of UAL stock opened at $51.38 on Thursday. United Airlines has a 1 year low of $33.68 and a 1 year high of $58.23. The firm’s 50 day moving average is $44.47 and its 200-day moving average is $41.49. The firm has a market capitalization of $16.89 billion, a price-to-earnings ratio of 6.35, a PEG ratio of 0.70 and a beta of 1.55. The company has a current ratio of 0.75, a quick ratio of 0.76 and a debt-to-equity ratio of 2.52.

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

Institutional Trading of United Airlines

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake 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 worth $1,601,764,000 after buying an additional 700,850 shares during the last quarter. Capital International Investors acquired a new stake in shares of United Airlines during the 1st quarter worth about $351,299,000. Geode Capital Management LLC lifted its stake in shares of United Airlines by 2.1% during the 1st quarter. Geode Capital Management LLC now owns 7,018,196 shares of the transportation company’s stock worth $310,174,000 after buying an additional 146,791 shares during the last quarter. Invesco Ltd. lifted its stake in shares of United Airlines by 23.5% during the 3rd quarter. Invesco Ltd. now owns 4,649,616 shares of the transportation company’s stock worth $196,679,000 after buying an additional 885,199 shares during the last quarter. Finally, U S Global Investors Inc. lifted its stake in shares of United Airlines by 31.9% during 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 buying an additional 1,005,170 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

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.