United Airlines (NASDAQ:UAL) Price Target Raised to $88.00

United Airlines (NASDAQ:UAL) had its target price upped by Morgan Stanley from $80.00 to $88.00 in a report released on Thursday morning, Benzinga reports. Morgan Stanley currently has an overweight rating on the transportation company’s stock.

Other research analysts have also recently issued reports about the stock. TD Cowen boosted their target price on shares of United Airlines from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday. Jefferies Financial Group upped their price objective on United Airlines from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Susquehanna increased their price objective on United Airlines from $60.00 to $70.00 and gave the company a “positive” rating in a report on Wednesday, October 9th. Finally, Barclays upped their price target on United Airlines from $66.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, United Airlines currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.51.

United Airlines Price Performance

Shares of NASDAQ UAL opened at $74.15 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $24.39 billion, a PE ratio of 8.94, a PEG ratio of 0.98 and a beta of 1.44. The stock’s 50 day moving average price is $51.38 and its 200-day moving average price is $49.75. United Airlines has a twelve month low of $33.68 and a twelve month high of $74.95.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.23. The firm had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same quarter in the prior year, the company earned $3.65 EPS. On average, equities analysts anticipate that United Airlines will post 10.05 EPS for the current year.

United Airlines declared that its Board of Directors has approved a stock repurchase plan on Tuesday, October 15th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Institutional Trading of United Airlines

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wahed Invest LLC grew its position in United Airlines by 13.7% during the first quarter. Wahed Invest LLC now owns 1,591 shares of the transportation company’s stock worth $76,000 after buying an additional 192 shares in the last quarter. Mather Group LLC. increased its position in shares of United Airlines by 26.6% in the second quarter. Mather Group LLC. now owns 1,174 shares of the transportation company’s stock worth $56,000 after purchasing an additional 247 shares during the last quarter. UMB Bank n.a. raised its stake in United Airlines by 59.7% in the second quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 255 shares in the last quarter. Czech National Bank lifted its position in United Airlines by 0.5% during the first quarter. Czech National Bank now owns 57,714 shares of the transportation company’s stock valued at $2,763,000 after purchasing an additional 271 shares during the last quarter. Finally, XML Financial LLC grew its stake in United Airlines by 2.3% in the 1st quarter. XML Financial LLC now owns 11,970 shares of the transportation company’s stock worth $573,000 after buying an additional 272 shares in the last quarter. 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.