United Airlines Holdings, Inc. (NASDAQ:UAL) Receives Average Rating of “Moderate Buy” from Brokerages

United Airlines Holdings, Inc. (NASDAQ:UAL) has earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $71.68.

A number of equities research analysts have recently issued reports on UAL shares. TD Cowen boosted their price objective on shares of United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Citigroup boosted their price target on United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Jefferies Financial Group raised United Airlines from a “hold” rating to a “buy” rating and raised their price objective for the stock from $54.00 to $65.00 in a research note on Wednesday, May 29th. Finally, Redburn Atlantic upgraded United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price objective for the company in a research note on Thursday, June 6th.

Institutional Trading of United Airlines

Several hedge funds have recently bought and sold shares of UAL. Capital International Investors grew its holdings in shares of United Airlines by 2.4% in the first quarter. Capital International Investors now owns 18,502,761 shares of the transportation company’s stock valued at $885,912,000 after purchasing an additional 429,501 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in United Airlines by 29.1% during the second quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock valued at $272,559,000 after purchasing an additional 1,263,604 shares during the last quarter. Point72 Asset Management L.P. grew its stake in shares of United Airlines by 489.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company’s stock worth $111,687,000 after buying an additional 1,905,664 shares in the last quarter. Par Capital Management Inc. increased its holdings in shares of United Airlines by 7.2% in the 4th quarter. Par Capital Management Inc. now owns 2,223,400 shares of the transportation company’s stock worth $91,737,000 after buying an additional 150,000 shares during the last quarter. Finally, Interval Partners LP purchased a new stake in shares of United Airlines during the 1st quarter valued at about $103,354,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Stock Down 0.8 %

United Airlines stock opened at $52.17 on Monday. The stock has a market cap of $17.15 billion, a PE ratio of 6.45, a price-to-earnings-growth ratio of 1.08 and a beta of 1.43. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.71 and a current ratio of 0.77. The stock has a fifty day moving average of $44.98 and a 200 day moving average of $47.52. United Airlines has a one year low of $33.68 and a one year high of $56.17.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Wednesday, July 17th. The transportation company reported $4.14 earnings per share 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 analysts’ expectations of $15.04 billion. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.03 EPS. As a group, sell-side analysts predict that United Airlines will post 9.73 EPS for the current year.

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.