United Airlines (NASDAQ:UAL) PT Raised to $100.00

United Airlines (NASDAQ:UAL) had its target price increased by research analysts at TD Cowen from $80.00 to $100.00 in a note issued to investors on Thursday, Briefing.com reports. The brokerage presently has a “buy” rating on the transportation company’s stock. TD Cowen’s price objective indicates a potential upside of 38.86% from the stock’s previous close.

Several other equities research analysts also recently weighed in on UAL. Susquehanna boosted their target price on shares of United Airlines from $60.00 to $70.00 and gave the stock a “positive” rating in a research report on Wednesday, October 9th. Barclays boosted their target price on shares of United Airlines from $66.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Jefferies Financial Group boosted their target price on shares of United Airlines from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $75.80.

United Airlines Stock Performance

Shares of UAL stock opened at $72.02 on Thursday. United Airlines has a 12 month low of $33.68 and a 12 month high of $73.65. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.77 and a quick ratio of 0.71. The firm has a market capitalization of $23.68 billion, a P/E ratio of 8.17, a P/E/G ratio of 0.94 and a beta of 1.44. The company’s fifty day moving average price is $50.08 and its two-hundred day moving average price is $49.33.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.23. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The firm had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. During the same quarter in the previous year, the business posted $3.65 EPS. On average, research analysts anticipate that United Airlines will post 9.88 earnings per share for the current fiscal year.

United Airlines declared that its board has initiated a share repurchase plan on Tuesday, October 15th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UAL. B. Riley Wealth Advisors Inc. boosted its stake in United Airlines by 8.6% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 5,671 shares of the transportation company’s stock valued at $234,000 after purchasing an additional 447 shares during the period. HighPoint Advisor Group LLC acquired a new position in United Airlines during the 4th quarter valued at about $300,000. Moody National Bank Trust Division acquired a new position in United Airlines during the 1st quarter valued at about $227,000. GAMMA Investing LLC lifted its stake in shares of United Airlines by 54.9% in the 1st quarter. GAMMA Investing LLC now owns 2,698 shares of the transportation company’s stock worth $129,000 after acquiring an additional 956 shares during the period. Finally, Mather Group LLC. acquired a new stake in shares of United Airlines in the 1st quarter worth approximately $44,000. 69.69% of the stock is owned by institutional investors and hedge funds.

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.