United Airlines (NASDAQ:UAL) Upgraded to “Strong-Buy” at Dbs Bank

United Airlines (NASDAQ:UAL) was upgraded by equities research analysts at Dbs Bank from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. UBS Group reiterated a “buy” rating and set a $139.00 price objective on shares of United Airlines in a research note on Tuesday. Barclays increased their price target on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Sanford C. Bernstein boosted their price objective on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $119.00 target price on shares of United Airlines in a research report on Friday, November 15th. Finally, Bank of America upped their price target on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $96.15.

United Airlines Trading Up 0.5 %

NASDAQ:UAL opened at $96.83 on Tuesday. United Airlines has a 52 week low of $37.02 and a 52 week high of $101.60. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. The company has a market cap of $31.85 billion, a PE ratio of 11.68, a P/E/G ratio of 1.14 and a beta of 1.39. The business’s 50 day moving average is $75.84 and its two-hundred day moving average is $57.42.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.23. The firm had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.76 billion. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. During the same quarter in the previous year, the company posted $3.65 earnings per share. On average, analysts predict that United Airlines will post 10.23 EPS for the current year.

United Airlines announced that its board has authorized a share repurchase program on Tuesday, October 15th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, EVP Kate Gebo sold 17,500 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the completion of the sale, the executive vice president now directly owns 40,012 shares of the company’s stock, valued at $3,218,565.28. This represents a 30.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the completion of the transaction, the executive vice president now owns 63,599 shares in the company, valued at approximately $6,049,536.88. This trade represents a 48.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,000 shares of company stock worth $8,158,900 over the last ninety days. Company insiders own 0.63% of the company’s stock.

Institutional Investors Weigh In On United Airlines

Several large investors have recently modified their holdings of UAL. Charles Schwab Investment Management Inc. lifted its holdings in shares of United Airlines by 41.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after purchasing an additional 908,558 shares during the last quarter. Aigen Investment Management LP raised its holdings in United Airlines by 87.2% during the 3rd quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company’s stock worth $1,079,000 after buying an additional 8,808 shares during the period. Tidal Investments LLC boosted its holdings in shares of United Airlines by 16.4% in the first quarter. Tidal Investments LLC now owns 17,429 shares of the transportation company’s stock worth $835,000 after buying an additional 2,456 shares during the period. Icon Wealth Advisors LLC increased its position in shares of United Airlines by 1,886.6% in the third quarter. Icon Wealth Advisors LLC now owns 52,584 shares of the transportation company’s stock worth $3,000,000 after acquiring an additional 49,937 shares in the last quarter. Finally, Senator Investment Group LP raised its holdings in shares of United Airlines by 39.5% during the second quarter. Senator Investment Group LP now owns 1,046,051 shares of the transportation company’s stock valued at $50,901,000 after acquiring an additional 296,051 shares during the period. 69.69% of the stock is owned by institutional investors.

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.