United Airlines Holdings, Inc. (NASDAQ:UAL) Receives Average Rating of “Buy” from Analysts

United Airlines Holdings, Inc. (NASDAQ:UAL) has earned a consensus recommendation of “Buy” from the seventeen brokerages that are covering the stock, Marketbeat Ratings reports. Fifteen investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $113.88.

A number of analysts have recently commented on the stock. Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Melius Research raised United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Morgan Stanley boosted their price objective on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Barclays raised their price target on shares of United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. upped their target price on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th.

United Airlines Trading Up 3.2 %

NASDAQ:UAL opened at $106.51 on Thursday. The business’s 50-day simple moving average is $102.64 and its 200-day simple moving average is $78.67. United Airlines has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The stock has a market capitalization of $35.03 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 0.68 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the previous year, the firm posted $2.00 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. Sell-side analysts expect that United Airlines will post 12.96 earnings per share for the current fiscal year.

Insider Buying and Selling at United Airlines

In other news, EVP Linda P. Jojo sold 60,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $95.12, for a total value of $5,707,200.00. Following the completion of the sale, the executive vice president now directly owns 63,599 shares in the company, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of United Airlines by 0.8% during the third quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock valued at $588,874,000 after buying an additional 78,470 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in United Airlines by 41.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after acquiring an additional 908,558 shares in the last quarter. MidWestOne Financial Group Inc. boosted its stake in United Airlines by 28.0% during the 3rd quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock valued at $3,064,000 after purchasing an additional 11,743 shares during the last quarter. KBC Group NV bought a new stake in United Airlines during the 4th quarter worth approximately $485,000. Finally, Aigen Investment Management LP lifted its holdings in shares of United Airlines by 87.2% in the third quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company’s stock valued at $1,079,000 after purchasing an additional 8,808 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

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.