United Airlines (NASDAQ:UAL) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

United Airlines (NASDAQ:UAL) had its target price upped by stock analysts at JPMorgan Chase & Co. from $122.00 to $149.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 39.80% from the company’s current price.

Other analysts also recently issued reports about the company. Susquehanna raised their price target on United Airlines from $81.00 to $109.00 and gave the stock a “positive” rating in a research report on Tuesday, July 15th. Cowen restated a “buy” rating on shares of United Airlines in a research note on Tuesday, July 15th. TD Cowen raised their price target on United Airlines from $101.00 to $127.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Wall Street Zen lowered United Airlines from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. Finally, Barclays restated an “overweight” rating and set a $100.00 price target (up previously from $94.00) on shares of United Airlines in a research note on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, United Airlines presently has a consensus rating of “Buy” and an average price target of $112.57.

United Airlines Trading Down 2.5%

Shares of UAL opened at $106.58 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65. The firm has a market cap of $34.50 billion, a P/E ratio of 10.68, a price-to-earnings-growth ratio of 1.42 and a beta of 1.47. United Airlines has a 1 year low of $49.89 and a 1 year high of $116.00. The company has a 50 day simple moving average of $95.78 and a two-hundred day simple moving average of $82.20.

United Airlines (NASDAQ:UAL) last posted its earnings results on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, beating analysts’ consensus estimates of $3.81 by $0.06. The firm had revenue of $15.24 billion during the quarter, compared to the consensus estimate of $15.31 billion. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $4.14 EPS. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. On average, equities analysts expect that United Airlines will post 12.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other United Airlines news, EVP Torbjorn J. Enqvist sold 20,000 shares of the firm’s stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $92.22, for a total value of $1,844,400.00. Following the completion of the sale, the executive vice president owned 62,358 shares of the company’s stock, valued at approximately $5,750,654.76. This trade represents a 24.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barney Harford sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $97.76, for a total value of $879,840.00. Following the completion of the sale, the director directly owned 80,000 shares of the company’s stock, valued at approximately $7,820,800. This represents a 10.11% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,791 shares of company stock valued at $9,992,318. 0.71% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On United Airlines

Several institutional investors have recently added to or reduced their stakes in UAL. Rosenberg Matthew Hamilton lifted its holdings in shares of United Airlines by 14.2% during the second quarter. Rosenberg Matthew Hamilton now owns 935 shares of the transportation company’s stock worth $74,000 after purchasing an additional 116 shares during the period. Pinnacle Associates Ltd. lifted its holdings in shares of United Airlines by 1.1% during the second quarter. Pinnacle Associates Ltd. now owns 10,286 shares of the transportation company’s stock worth $819,000 after purchasing an additional 116 shares during the period. AXA S.A. lifted its holdings in shares of United Airlines by 0.8% during the second quarter. AXA S.A. now owns 15,465 shares of the transportation company’s stock worth $1,231,000 after purchasing an additional 121 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of United Airlines by 8.8% during the second quarter. Parkside Financial Bank & Trust now owns 1,759 shares of the transportation company’s stock worth $140,000 after purchasing an additional 143 shares during the period. Finally, Wedbush Securities Inc. lifted its holdings in shares of United Airlines by 3.3% during the first quarter. Wedbush Securities Inc. now owns 4,651 shares of the transportation company’s stock worth $321,000 after purchasing an additional 147 shares during the period. 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.