United Airlines (NASDAQ:UAL) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of United Airlines (NASDAQ:UAL) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

Several other research analysts have also recently weighed in on UAL. Redburn Atlantic cut United Airlines from a buy rating to a neutral rating and set a $50.00 price objective on the stock. in a research report on Tuesday, February 13th. UBS Group began coverage on United Airlines in a research note on Wednesday, March 20th. They issued a neutral rating and a $47.00 target price on the stock. Bank of America upped their price target on United Airlines from $60.00 to $70.00 and gave the company a buy rating in a research report on Thursday, April 18th. Raymond James upped their price target on United Airlines from $66.00 to $70.00 and gave the company an outperform rating in a research report on Thursday, April 18th. Finally, Susquehanna upped their price target on United Airlines from $55.00 to $60.00 and gave the company a positive rating in a research report on Thursday, April 18th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, United Airlines has a consensus rating of Moderate Buy and a consensus price target of $66.53.

United Airlines Stock Down 2.5 %

UAL stock opened at $52.67 on Wednesday. The stock’s fifty day simple moving average is $45.13 and its two-hundred day simple moving average is $41.75. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 2.52. United Airlines has a 1-year low of $33.68 and a 1-year high of $58.23. The stock has a market cap of $17.32 billion, a P/E ratio of 6.51, a P/E/G ratio of 0.54 and a beta of 1.55.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.39. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. The business had revenue of $13.63 billion for the quarter, compared to analysts’ expectations of $13.55 billion. During the same quarter in the previous year, the firm earned $2.46 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. Analysts expect that United Airlines will post 9.91 EPS for the current year.

Insider Buying and Selling

In other United Airlines news, EVP Kate Gebo sold 15,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $50.86, for a total value of $762,900.00. Following the sale, the executive vice president now owns 57,512 shares of the company’s stock, valued at approximately $2,925,060.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.63% of the stock is currently owned by insiders.

Institutional Trading of United Airlines

Several institutional investors and hedge funds have recently modified their holdings of UAL. NBC Securities Inc. bought a new position in shares of United Airlines during the 3rd quarter valued at about $25,000. Loomis Sayles & Co. L P increased its position in shares of United Airlines by 707.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 545 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of United Airlines by 72.1% during the 4th quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 274 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of United Airlines during the 4th quarter valued at about $27,000. Finally, GoalVest Advisory LLC bought a new position in shares of United Airlines during the 1st quarter valued at about $33,000. Hedge funds and other institutional investors 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.