UBS Group Lowers United Airlines (NASDAQ:UAL) Price Target to $107.00

United Airlines (NASDAQ:UAL) had its price objective decreased by analysts at UBS Group from $140.00 to $107.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. UBS Group’s target price points to a potential upside of 44.47% from the company’s previous close.

Several other research analysts have also weighed in on UAL. Melius Research upgraded shares of United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. Susquehanna restated a “hold” rating on shares of United Airlines in a research report on Tuesday, February 25th. Morgan Stanley upped their target price on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Citigroup increased their price target on shares of United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, TD Cowen increased their price target on shares of United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $112.75.

United Airlines Stock Performance

NASDAQ UAL traded down $0.37 during trading hours on Thursday, hitting $74.07. 1,078,435 shares of the stock were exchanged, compared to its average volume of 7,619,666. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The stock has a 50-day moving average of $97.76 and a 200 day moving average of $84.98. United Airlines has a 12-month low of $37.02 and a 12-month high of $116.00. The company has a market cap of $24.24 billion, a price-to-earnings ratio of 7.85, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same period in the prior year, the business posted $2.00 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities research analysts forecast that United Airlines will post 12.96 earnings per share for the current year.

Institutional Trading of United Airlines

Hedge funds have recently bought and sold shares of the company. Natixis Advisors LLC boosted its holdings in shares of United Airlines by 18.9% in the 3rd quarter. Natixis Advisors LLC now owns 85,680 shares of the transportation company’s stock valued at $4,889,000 after purchasing an additional 13,642 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of United Airlines by 1,464.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 207,603 shares of the transportation company’s stock valued at $11,846,000 after purchasing an additional 194,337 shares during the last quarter. Quest Partners LLC boosted its holdings in shares of United Airlines by 268.7% in the 3rd quarter. Quest Partners LLC now owns 2,791 shares of the transportation company’s stock valued at $159,000 after purchasing an additional 2,034 shares during the last quarter. Commerce Bank boosted its holdings in shares of 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 during the last quarter. Finally, Landscape Capital Management L.L.C. boosted its holdings in shares of United Airlines by 190.6% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 106,645 shares of the transportation company’s stock valued at $6,085,000 after purchasing an additional 69,945 shares during the last quarter. Institutional investors and hedge funds 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.