United Airlines (NASDAQ:UAL) Rating Increased to Buy at UBS Group

UBS Group upgraded shares of United Airlines (NASDAQ:UAL) from a neutral rating to a buy rating in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm currently has $105.00 price target on the transportation company’s stock, up from their previous price target of $67.00.

A number of other research analysts also recently weighed in on the stock. TD Cowen increased their target price on shares of United Airlines from $73.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, April 22nd. Barclays reduced their target price on shares of United Airlines from $140.00 to $94.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Raymond James downgraded shares of United Airlines from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 2nd. Susquehanna cut their price objective on shares of United Airlines from $90.00 to $81.00 and set a “positive” rating for the company in a report on Thursday, April 17th. Finally, Evercore ISI cut their price objective on shares of United Airlines from $145.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $102.33.

United Airlines Trading Up 0.9%

NASDAQ:UAL opened at $78.62 on Monday. 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 firm has a market cap of $25.68 billion, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 0.67 and a beta of 1.39. United Airlines has a 52 week low of $37.02 and a 52 week high of $116.00. The firm has a 50-day moving average price of $70.68 and a two-hundred day moving average price of $88.26.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.75 by $0.16. The firm had revenue of $13.21 billion during the quarter, compared to analyst estimates of $13.47 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. On average, equities analysts expect that United Airlines will post 12.96 earnings per share for the current fiscal year.

Institutional Trading of United Airlines

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bayforest Capital Ltd purchased a new stake in United Airlines in the 1st quarter worth approximately $70,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of United Airlines by 70.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 593,729 shares of the transportation company’s stock valued at $40,997,000 after buying an additional 246,051 shares in the last quarter. Zimmer Partners LP raised its position in shares of United Airlines by 108.6% during the 1st quarter. Zimmer Partners LP now owns 172,500 shares of the transportation company’s stock valued at $11,911,000 after buying an additional 89,800 shares in the last quarter. Empowered Funds LLC raised its position in shares of United Airlines by 26.7% during the 1st quarter. Empowered Funds LLC now owns 108,040 shares of the transportation company’s stock valued at $7,460,000 after buying an additional 22,752 shares in the last quarter. Finally, MBB Public Markets I LLC purchased a new stake in shares of United Airlines during the 1st quarter valued at $296,000. 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.