United Airlines Holdings, Inc. (NASDAQ:UAL) Given Consensus Recommendation of “Buy” by Brokerages

Shares of United Airlines Holdings, Inc. (NASDAQ:UAL) have been assigned a consensus rating of “Buy” from the seventeen brokerages that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $111.08.

UAL has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Susquehanna restated a “hold” rating on shares of United Airlines in a report on Tuesday, February 25th. Morgan Stanley increased their price target on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Bank of America dropped their price objective on United Airlines from $110.00 to $100.00 and set a “buy” rating for the company in a report on Thursday. Finally, Barclays set a $140.00 target price on United Airlines and gave the stock an “overweight” rating in a report on Wednesday, March 12th.

Institutional Investors Weigh In On United Airlines

Large investors have recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of United Airlines by 45.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,034 shares of the transportation company’s stock valued at $71,000 after purchasing an additional 324 shares in the last quarter. 111 Capital bought a new position in United Airlines during the fourth quarter worth $206,000. Wealth Enhancement Advisory Services LLC grew its holdings in United Airlines by 9.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 23,340 shares of the transportation company’s stock worth $2,266,000 after purchasing an additional 2,108 shares during the period. Centaurus Financial Inc. raised its holdings in shares of United Airlines by 106.4% during the fourth quarter. Centaurus Financial Inc. now owns 12,773 shares of the transportation company’s stock valued at $1,240,000 after purchasing an additional 6,585 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of United Airlines during the 4th quarter worth about $5,817,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Stock Down 15.6 %

Shares of NASDAQ:UAL opened at $60.23 on Friday. The company has a market capitalization of $19.72 billion, a PE ratio of 6.39, a P/E/G ratio of 0.67 and a beta of 1.41. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The company’s fifty day moving average is $90.32 and its 200-day moving average is $86.68. United Airlines has a 52 week low of $37.02 and a 52 week high of $116.00.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping the consensus estimate of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the prior year, the business earned $2.00 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts predict that United Airlines will post 12.96 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.