Barclays Has Lowered Expectations for United Airlines (NASDAQ:UAL) Stock Price

United Airlines (NASDAQ:UAL) had its price target cut by research analysts at Barclays from $140.00 to $94.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Barclays‘s price objective would suggest a potential upside of 66.62% from the stock’s current price.

Several other research analysts have also recently commented on the stock. Morgan Stanley raised their target price on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Bank of America reduced their price objective on shares of United Airlines from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. JPMorgan Chase & Co. increased their price target on shares of United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Susquehanna cut their target price on United Airlines from $130.00 to $90.00 and set a “positive” rating for the company in a research note on Monday. Finally, TD Cowen lifted their price target on United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.15.

United Airlines Stock Performance

UAL traded down $2.36 on Tuesday, reaching $56.42. The company had a trading volume of 9,609,101 shares, compared to its average volume of 7,856,026. United Airlines has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The stock has a market cap of $18.47 billion, a P/E ratio of 6.00, a P/E/G ratio of 0.67 and a beta of 1.19. The company’s fifty day moving average is $88.42 and its 200 day moving average is $87.25. 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 (NASDAQ:UAL) last released its quarterly 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. The business had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.00 EPS. As a group, analysts predict that United Airlines will post 12.96 earnings per share for the current fiscal year.

Institutional Trading of United Airlines

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