United Airlines (NASDAQ:UAL) Price Target Raised to $60.00

United Airlines (NASDAQ:UAL) had its price target raised by Susquehanna from $55.00 to $60.00 in a report published on Thursday morning, Benzinga reports. Susquehanna currently has a positive rating on the transportation company’s stock.

Several other brokerages have also weighed in on UAL. UBS Group started coverage on United Airlines in a report on Wednesday, March 20th. They set a neutral rating and a $47.00 price objective on the stock. Evercore ISI raised United Airlines from an in-line rating to an outperform rating and lifted their price objective for the stock from $58.00 to $65.00 in a report on Friday, February 9th. Redburn Atlantic lowered United Airlines from a buy rating to a neutral rating and set a $50.00 price target on the stock. in a research note on Tuesday, February 13th. Bank of America boosted their price target on United Airlines from $60.00 to $70.00 and gave the company a buy rating in a research note on Thursday. Finally, StockNews.com upgraded United Airlines from a sell rating to a hold rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, United Airlines has a consensus rating of Moderate Buy and a consensus price target of $66.53.

United Airlines Trading Up 5.5 %

Shares of UAL stock opened at $51.42 on Thursday. The stock has a 50-day simple moving average of $44.29 and a 200 day simple moving average of $41.42. United Airlines has a fifty-two week low of $33.68 and a fifty-two week high of $58.23. The stock has a market capitalization of $16.91 billion, a P/E ratio of 6.36, a P/E/G ratio of 0.70 and a beta of 1.55. The company has a quick ratio of 0.76, a current ratio of 0.75 and a debt-to-equity ratio of 2.52.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.39. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. The firm had revenue of $13.63 billion during the quarter, compared to analyst estimates of $13.55 billion. During the same period last year, the company posted $2.46 EPS. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, sell-side analysts expect that United Airlines will post 9.3 earnings per share for the current fiscal year.

Institutional Trading of United Airlines

A number of institutional investors and hedge funds have recently bought and sold shares of UAL. PNC Financial Services Group Inc. increased its holdings in United Airlines by 7.9% in the first quarter. PNC Financial Services Group Inc. now owns 22,619 shares of the transportation company’s stock valued at $1,048,000 after purchasing an additional 1,663 shares during the period. Panagora Asset Management Inc. acquired a new stake in United Airlines in the first quarter valued at $482,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in United Airlines by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 43,326 shares of the transportation company’s stock valued at $2,009,000 after acquiring an additional 2,683 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in United Airlines by 2.0% during the first quarter. Great West Life Assurance Co. Can now owns 72,334 shares of the transportation company’s stock valued at $3,503,000 after acquiring an additional 1,438 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its position in United Airlines by 81.9% during the first quarter. Vontobel Holding Ltd. now owns 14,960 shares of the transportation company’s stock valued at $694,000 after acquiring an additional 6,737 shares during 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.