United Airlines Holdings, Inc. (NASDAQ:UAL) Receives $111.08 Average Price Target from Brokerages

Shares of United Airlines Holdings, Inc. (NASDAQ:UAL) have received a consensus rating of “Buy” from the seventeen brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $102.15.

A number of analysts have recently issued reports on UAL shares. JPMorgan Chase & Co. raised their price target on shares of United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Susquehanna dropped their target price on shares of United Airlines from $130.00 to $90.00 and set a “positive” rating on the stock in a report on Monday. Bank of America decreased their target price on shares of United Airlines from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Jefferies Financial Group dropped their price target on United Airlines from $154.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st. Finally, Raymond James cut United Airlines from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd.

United Airlines Price Performance

Shares of UAL opened at $56.15 on Friday. United Airlines has a twelve month low of $37.02 and a twelve month high of $116.00. The company has a market capitalization of $18.38 billion, a P/E ratio of 5.95, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. The firm has a 50 day moving average of $86.37 and a 200 day moving average of $87.06. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL) last posted its quarterly 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 return on equity of 32.26% and a net margin of 5.52%. The firm had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the previous year, the business earned $2.00 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. As a group, equities research analysts anticipate that United Airlines will post 12.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On United Airlines

Several large investors have recently added to or reduced their stakes in UAL. Vanguard Group Inc. raised its position in shares of United Airlines by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company’s stock valued at $3,548,797,000 after purchasing an additional 369,500 shares during the period. Capital International Investors raised its holdings in United Airlines by 6.3% during the fourth quarter. Capital International Investors now owns 21,261,443 shares of the transportation company’s stock valued at $2,064,825,000 after acquiring an additional 1,257,443 shares during the period. Sanders Capital LLC lifted its position in shares of United Airlines by 46.4% in the fourth quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company’s stock valued at $1,344,671,000 after acquiring an additional 4,390,721 shares in the last quarter. State Street Corp boosted its stake in shares of United Airlines by 0.8% in the third quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock worth $588,874,000 after acquiring an additional 78,470 shares during the period. Finally, Capital World Investors grew its position in shares of United Airlines by 22.4% during the fourth quarter. Capital World Investors now owns 9,788,405 shares of the transportation company’s stock worth $950,461,000 after purchasing an additional 1,791,654 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

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.