United Airlines (NASDAQ:UAL) Upgraded at Dbs Bank

United Airlines (NASDAQ:UAL) was upgraded by analysts at Dbs Bank from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other research analysts have also issued research reports about the stock. UBS Group reissued a “buy” rating and issued a $139.00 price objective on shares of United Airlines in a research note on Tuesday. Susquehanna boosted their target price on United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Thursday, October 17th. TD Cowen lifted their price objective on United Airlines from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Jefferies Financial Group upped their target price on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, Barclays lifted their price target on shares of United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, United Airlines has a consensus rating of “Buy” and an average target price of $96.15.

United Airlines Stock Performance

NASDAQ UAL opened at $96.83 on Tuesday. The stock has a fifty day simple moving average of $75.84 and a 200-day simple moving average of $57.42. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95. The stock has a market cap of $31.85 billion, a PE ratio of 11.68, a P/E/G ratio of 1.14 and a beta of 1.39. United Airlines has a twelve month low of $37.02 and a twelve month high of $101.60.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.23. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The business had revenue of $14.84 billion during the quarter, compared to analysts’ expectations of $14.76 billion. During the same period last year, the business earned $3.65 earnings per share. Equities analysts anticipate that United Airlines will post 10.23 earnings per share for the current year.

United Airlines announced that its Board of Directors has initiated a share repurchase plan on Tuesday, October 15th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other news, EVP Kate Gebo sold 17,500 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $80.44, for a total value of $1,407,700.00. Following the completion of the sale, the executive vice president now directly owns 40,012 shares of the company’s stock, valued at approximately $3,218,565.28. This represents a 30.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Linda P. Jojo sold 60,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $95.12, for a total value of $5,707,200.00. Following the transaction, the executive vice president now directly owns 63,599 shares in the company, valued at approximately $6,049,536.88. This represents a 48.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,000 shares of company stock worth $8,158,900 in the last quarter. 0.63% of the stock is owned by insiders.

Hedge Funds Weigh In On United Airlines

Several institutional investors have recently bought and sold shares of the company. Huntington National Bank lifted its stake in shares of United Airlines by 10.8% in the 3rd quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock worth $75,000 after acquiring an additional 129 shares during the period. Farther Finance Advisors LLC lifted its position in United Airlines by 13.0% in the third quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock valued at $94,000 after purchasing an additional 189 shares during the period. Commerce Bank boosted its holdings in United Airlines by 1.1% in the 3rd quarter. Commerce Bank now owns 17,620 shares of the transportation company’s stock valued at $1,005,000 after purchasing an additional 196 shares in the last quarter. Cromwell Holdings LLC raised its stake in shares of United Airlines by 31.4% during the 3rd quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock worth $53,000 after buying an additional 222 shares in the last quarter. Finally, Wahed Invest LLC lifted its holdings in shares of United Airlines by 12.6% in the 3rd quarter. Wahed Invest LLC now owns 1,998 shares of the transportation company’s stock valued at $114,000 after buying an additional 223 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

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.