United Airlines (NASDAQ:UAL) Rating Increased to Buy at UBS Group

United Airlines (NASDAQ:UAL) was upgraded by research analysts at UBS Group from a “neutral” rating to a “buy” rating in a research note issued on Monday,Benzinga reports. The brokerage currently has a $105.00 price objective on the transportation company’s stock, up from their previous price objective of $67.00. UBS Group’s price target points to a potential upside of 34.74% from the company’s current price.

Several other research firms have also recently weighed in on UAL. Bank of America decreased their price objective on shares of United Airlines from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Cowen reiterated a “buy” rating on shares of United Airlines in a research report on Tuesday, April 22nd. Susquehanna decreased their price objective on shares of United Airlines from $90.00 to $81.00 and set a “positive” rating for the company in a research report on Thursday, April 17th. Raymond James lowered shares of United Airlines from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 2nd. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of United Airlines in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $102.33.

United Airlines Trading Up 1.8%

NASDAQ:UAL opened at $77.93 on Monday. United Airlines has a 52 week low of $37.02 and a 52 week high of $116.00. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The firm’s fifty day moving average is $70.56 and its 200-day moving average is $88.27. The firm has a market cap of $25.45 billion, a P/E ratio of 8.26, a P/E/G ratio of 0.67 and a beta of 1.39.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.16. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $13.21 billion during the quarter, compared to analysts’ expectations of $13.47 billion. Equities analysts expect that United Airlines will post 12.96 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in UAL. Proficio Capital Partners LLC bought a new position in shares of United Airlines during the fourth quarter valued at about $137,000. Longbow Finance SA bought a new position in shares of United Airlines during the fourth quarter valued at about $9,359,000. KBC Group NV bought a new position in shares of United Airlines during the fourth quarter valued at about $485,000. Bleakley Financial Group LLC lifted its position in shares of United Airlines by 293.7% during the fourth quarter. Bleakley Financial Group LLC now owns 23,458 shares of the transportation company’s stock valued at $2,278,000 after purchasing an additional 17,499 shares in the last quarter. Finally, Islay Capital Management LLC bought a new position in shares of United Airlines during the fourth quarter valued at about $790,000. 69.69% of the stock is owned by institutional investors.

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.