United Airlines Holdings, Inc. (NASDAQ:UAL) Receives Consensus Recommendation of “Buy” from Analysts

Shares of United Airlines Holdings, Inc. (NASDAQ:UAL) have received a consensus rating of “Buy” from the seventeen analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $102.15.

A number of brokerages have recently commented on UAL. JPMorgan Chase & Co. upped their target price 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. Bank of America reduced their price objective on United Airlines from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Morgan Stanley boosted their target price on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Raymond James cut United Airlines from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 2nd. Finally, UBS Group lowered shares of United Airlines from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $107.00 to $59.00 in a research report on Monday.

United Airlines Stock Down 11.4 %

Shares of NASDAQ UAL opened at $62.75 on Friday. The stock has a market cap of $20.54 billion, a PE ratio of 6.65, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. United Airlines has a 52-week low of $37.02 and a 52-week high of $116.00. The business has a 50-day moving average price of $84.06 and a 200 day moving average price of $87.14. 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 announced its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same period last year, the firm posted $2.00 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts forecast that United Airlines will post 12.96 earnings per share for the current year.

Institutional Investors Weigh In On United Airlines

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