Shares of United Airlines Holdings, Inc. (NASDAQ:UAL – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $72.20.
UAL has been the subject of several recent analyst reports. Raymond James upped their price target on United Airlines from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Redburn Atlantic upgraded United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Thursday, June 6th. HSBC began coverage on United Airlines in a research note on Monday, May 13th. They set a “buy” rating and a $69.20 price target for the company. Morgan Stanley increased their target price on United Airlines from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Finally, Susquehanna increased their target price on United Airlines from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Thursday, April 18th.
View Our Latest Research Report on United Airlines
United Airlines Stock Down 5.2 %
United Airlines (NASDAQ:UAL – Get Free Report) last issued its earnings results on Wednesday, July 17th. The transportation company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.97 by $0.17. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. The company had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same period in the prior year, the firm posted $5.03 EPS. The business’s revenue was up 5.7% compared to the same quarter last year. On average, sell-side analysts forecast that United Airlines will post 9.62 earnings per share for the current fiscal year.
Institutional Investors Weigh In On United Airlines
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Capital International Investors increased its holdings in United Airlines by 2.4% during the 1st quarter. Capital International Investors now owns 18,502,761 shares of the transportation company’s stock valued at $885,912,000 after purchasing an additional 429,501 shares in the last quarter. U S Global Investors Inc. boosted its position in United Airlines by 31.9% in the 4th quarter. U S Global Investors Inc. now owns 4,159,899 shares of the transportation company’s stock valued at $171,637,000 after buying an additional 1,005,170 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in United Airlines by 24.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,143,202 shares of the transportation company’s stock valued at $170,974,000 after buying an additional 812,257 shares during the last quarter. Par Capital Management Inc. boosted its position in United Airlines by 7.2% in the 4th quarter. Par Capital Management Inc. now owns 2,223,400 shares of the transportation company’s stock valued at $91,737,000 after buying an additional 150,000 shares during the last quarter. Finally, Interval Partners LP bought a new position in United Airlines in the 1st quarter valued at $103,354,000. 69.69% of the stock is owned by institutional investors and hedge funds.
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.
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