United Airlines (NASDAQ:UAL) Given New $110.00 Price Target at Bank of America

United Airlines (NASDAQ:UAL) had its price objective reduced by Bank of America from $125.00 to $110.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Several other research firms have also recently weighed in on UAL. The Goldman Sachs Group reissued a “buy” rating and issued a $119.00 price objective on shares of United Airlines in a research report on Friday, November 15th. JPMorgan Chase & Co. upped their price target on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Barclays upped their price target on United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Melius Research raised United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Raymond James reaffirmed an “outperform” rating and set a $130.00 price target (up previously from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $114.95.

United Airlines Trading Down 4.7 %

Shares of UAL stock opened at $72.46 on Wednesday. The company has a market cap of $23.72 billion, a P/E ratio of 7.68, a PEG ratio of 0.67 and a beta of 1.41. The stock has a 50 day simple moving average of $100.39 and a two-hundred day simple moving average of $83.93. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. United Airlines has a fifty-two week low of $37.02 and a fifty-two week high of $116.00.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the previous year, the firm earned $2.00 earnings per share. United Airlines’s quarterly revenue was up 7.8% on a year-over-year basis. Research analysts forecast that United Airlines will post 12.96 earnings per share for the current year.

Hedge Funds Weigh In On United Airlines

A number of institutional investors have recently added to or reduced their stakes in UAL. Bank of Jackson Hole Trust bought a new position in United Airlines in the 4th quarter worth about $25,000. Hemington Wealth Management increased its stake in United Airlines by 70.8% in the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after acquiring an additional 131 shares during the last quarter. Capital A Wealth Management LLC bought a new position in United Airlines in the 4th quarter worth about $31,000. Roxbury Financial LLC bought a new position in United Airlines in the 4th quarter worth about $32,000. Finally, Whipplewood Advisors LLC bought a new position in United Airlines in the 4th quarter worth about $32,000. 69.69% of the stock is currently owned by institutional investors.

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.