United Airlines (NASDAQ:UAL) Price Target Raised to $75.00

United Airlines (NASDAQ:UAL) 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.

United Airlines Price Performance

NASDAQ UAL opened at $59.22 on Wednesday. The stock’s 50-day moving average price is $46.81 and its two-hundred day moving average price is $48.40. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 2.07. The company has a market cap of $19.47 billion, a PE ratio of 7.32, a PEG ratio of 1.16 and a beta of 1.44. United Airlines has a 1 year low of $33.68 and a 1 year high of $60.23.

United Airlines (NASDAQ:UAL) 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.