United Airlines (NASDAQ:UAL – Free Report) had its target price hoisted by Jefferies Financial Group from $69.00 to $75.00 in a research report released on Wednesday morning, Benzinga reports. They currently have a buy rating on the transportation company’s stock.
Other equities analysts also recently issued research reports about the company. Redburn Atlantic upgraded United Airlines from a neutral rating to a buy rating and set a $70.00 target price on the stock in a report on Thursday, June 6th. TD Cowen upped their target price on United Airlines from $65.00 to $80.00 and gave the company a buy rating in a report on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $72.59.
View Our Latest Analysis on UAL
United Airlines Price Performance
United Airlines (NASDAQ:UAL – Get Free Report) last posted its quarterly earnings data on Wednesday, July 17th. The transportation company reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.97 by $0.17. The firm had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $15.04 billion. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.03 EPS. On average, analysts predict that United Airlines will post 9.78 EPS for the current year.
Institutional Investors Weigh In On United Airlines
Large investors have recently made changes to their positions in the company. BNP Paribas bought a new stake in United Airlines during the first quarter worth approximately $25,000. Fidelis Capital Partners LLC bought a new stake in United Airlines during the first quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL bought a new stake in United Airlines during the second quarter worth approximately $30,000. Crewe Advisors LLC bought a new stake in United Airlines during the first quarter worth approximately $32,000. Finally, UMB Bank n.a. boosted its position in United Airlines by 59.7% during the second quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock worth $33,000 after purchasing an additional 255 shares during the period. Institutional investors own 69.69% of the company’s stock.
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.
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