Susquehanna Raises United Airlines (NASDAQ:UAL) Price Target to $70.00

United Airlines (NASDAQ:UAL) had its price target raised by Susquehanna from $60.00 to $70.00 in a research note released on Wednesday, Benzinga reports. They currently have a positive rating on the transportation company’s stock.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group upped their target price on shares of United Airlines from $69.00 to $75.00 and gave the stock a buy rating in a report on Wednesday, October 2nd. TD Cowen upped their price objective on shares of United Airlines from $65.00 to $80.00 and gave the company a buy rating in a report on Wednesday, July 17th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, United Airlines currently has a consensus rating of Moderate Buy and a consensus price target of $74.32.

United Airlines Price Performance

Shares of NASDAQ UAL opened at $61.80 on Wednesday. The firm has a market cap of $20.32 billion, a PE ratio of 7.01, a PEG ratio of 0.89 and a beta of 1.44. The firm has a fifty day moving average of $48.40 and a 200 day moving average of $48.93. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.71 and a current ratio of 0.77. United Airlines has a one year low of $33.68 and a one year high of $61.92.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Wednesday, July 17th. The transportation company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.97 by $0.17. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The company had revenue of $14.99 billion during the quarter, compared to analyst estimates of $15.04 billion. During the same quarter in the previous year, the firm earned $5.03 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. As a group, research analysts predict that United Airlines will post 9.88 EPS for the current fiscal year.

Institutional Trading of United Airlines

Several hedge funds have recently added to or reduced their stakes in UAL. Interval Partners LP acquired a new stake in United Airlines in the first quarter valued at approximately $103,354,000. Point72 Asset Management L.P. raised its holdings in United Airlines by 489.2% in the second quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company’s stock valued at $111,687,000 after acquiring an additional 1,905,664 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in United Airlines by 29.1% in the second quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock valued at $272,559,000 after purchasing an additional 1,263,604 shares during the last quarter. Senator Investment Group LP purchased a new position in United Airlines in the first quarter valued at approximately $35,910,000. Finally, Canada Pension Plan Investment Board increased its stake in United Airlines by 452.0% in the first quarter. Canada Pension Plan Investment Board now owns 713,800 shares of the transportation company’s stock valued at $34,177,000 after purchasing an additional 584,500 shares during the last quarter. Institutional investors and hedge funds 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.