United Airlines (NASDAQ:UAL) Downgraded by Wall Street Zen to “Hold”

United Airlines (NASDAQ:UAL) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other equities analysts also recently issued reports on the stock. UBS Group increased their price objective on shares of United Airlines from $103.00 to $114.00 and gave the company a “buy” rating in a research note on Tuesday. Sanford C. Bernstein reiterated an “outperform” rating on shares of United Airlines in a research note on Tuesday, May 13th. Raymond James Financial downgraded shares of United Airlines from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 2nd. Jefferies Financial Group dropped their price objective on shares of United Airlines from $154.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st. Finally, Susquehanna increased their price objective on shares of United Airlines from $81.00 to $109.00 and gave the company a “positive” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, United Airlines has an average rating of “Buy” and an average target price of $108.64.

United Airlines Trading Up 1.1%

UAL stock opened at $92.25 on Friday. The company has a market capitalization of $30.13 billion, a PE ratio of 9.24, a P/E/G ratio of 1.53 and a beta of 1.42. United Airlines has a 12 month low of $37.02 and a 12 month high of $116.00. The firm’s 50-day moving average is $80.11 and its 200 day moving average is $84.02. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.72.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, topping the consensus estimate of $3.81 by $0.06. The company had revenue of $15.24 billion for the quarter, compared to the consensus estimate of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $4.14 EPS. On average, research analysts anticipate that United Airlines will post 12.96 EPS for the current year.

Institutional Trading of United Airlines

Large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its position in United Airlines by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 1,520,643 shares of the transportation company’s stock worth $105,000,000 after purchasing an additional 16,477 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in United Airlines during the 1st quarter worth approximately $15,089,000. Generate Investment Management Ltd purchased a new stake in United Airlines during the 1st quarter worth approximately $10,773,000. Exchange Traded Concepts LLC boosted its holdings in shares of United Airlines by 132.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 7,503 shares of the transportation company’s stock valued at $518,000 after acquiring an additional 4,281 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of United Airlines by 7,225.9% in the 1st quarter. GAMMA Investing LLC now owns 360,579 shares of the transportation company’s stock valued at $24,898,000 after acquiring an additional 355,657 shares during the last quarter. Hedge funds and other institutional investors 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.