United Airlines (NASDAQ:UAL) Price Target Cut to $61.00 by Analysts at MKM Partners

United Airlines (NASDAQ:UAL) had its target price reduced by MKM Partners from $65.00 to $61.00 in a research note released on Thursday morning, The Fly reports. They currently have a neutral rating on the transportation company’s stock.

Several other analysts have also issued reports on UAL. Barclays boosted their target price on shares of United Airlines from $44.00 to $62.00 in a research report on Thursday, April 15th. Argus lowered shares of United Airlines from a buy rating to a hold rating in a research report on Tuesday, July 13th. Raymond James dropped their price target on shares of United Airlines from $80.00 to $78.00 and set an outperform rating for the company in a research report on Wednesday, April 21st. JPMorgan Chase & Co. upped their price target on shares of United Airlines from $43.00 to $58.00 and gave the stock an underweight rating in a research report on Wednesday, April 14th. Finally, Jefferies Financial Group upped their price target on shares of United Airlines from $55.00 to $60.00 and gave the stock a hold rating in a research report on Tuesday, March 30th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. United Airlines currently has an average rating of Hold and an average price target of $56.26.

Shares of UAL stock opened at $47.27 on Thursday. The business has a 50 day moving average of $54.01. United Airlines has a 52 week low of $30.32 and a 52 week high of $63.70. The company has a market capitalization of $15.30 billion, a price-to-earnings ratio of -2.58 and a beta of 1.61. The company has a debt-to-equity ratio of 5.01, a current ratio of 1.13 and a quick ratio of 1.07.

United Airlines (NASDAQ:UAL) last announced its earnings results on Monday, July 19th. The transportation company reported ($3.91) earnings per share (EPS) for the quarter, beating the consensus estimate of ($4.17) by $0.26. The company had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.33 billion. United Airlines had a negative net margin of 37.89% and a negative return on equity of 133.58%. The firm’s quarterly revenue was up 270.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($9.31) earnings per share. Sell-side analysts forecast that United Airlines will post -13.23 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System raised its stake in shares of United Airlines by 7.1% in the first quarter. California State Teachers Retirement System now owns 542,919 shares of the transportation company’s stock valued at $31,240,000 after acquiring an additional 36,097 shares during the period. Federated Hermes Inc. raised its stake in shares of United Airlines by 2,048.5% in the first quarter. Federated Hermes Inc. now owns 269,878 shares of the transportation company’s stock valued at $15,529,000 after acquiring an additional 257,317 shares during the period. Standard Life Aberdeen plc raised its stake in shares of United Airlines by 14.7% in the first quarter. Standard Life Aberdeen plc now owns 101,181 shares of the transportation company’s stock valued at $5,822,000 after acquiring an additional 12,962 shares during the period. American International Group Inc. raised its stake in shares of United Airlines by 27.2% in the first quarter. American International Group Inc. now owns 118,070 shares of the transportation company’s stock valued at $6,794,000 after acquiring an additional 25,219 shares during the period. Finally, Kestra Advisory Services LLC raised its stake in shares of United Airlines by 10.2% in the first quarter. Kestra Advisory Services LLC now owns 23,810 shares of the transportation company’s stock valued at $1,370,000 after acquiring an additional 2,202 shares during the period. 62.16% of the stock is currently owned by institutional investors.

About United Airlines

United Airlines Holdings, Inc is a holding company, which offers satellite based Wi-Fi, including on long-haul overseas routes. It transports people and cargo throughout North America and to destinations in Asia, Europe, Africa, the Pacific, the Middle East and Latin America. UAL, through United and its regional carriers.

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