UBS Group Lowers United Airlines (NASDAQ:UAL) Price Target to $107.00

United Airlines (NASDAQ:UAL) had its price objective reduced by UBS Group from $140.00 to $107.00 in a report published on Thursday morning,Benzinga reports. UBS Group currently has a buy rating on the transportation company’s stock.

A number of other research analysts have also recently weighed in on UAL. Dbs Bank upgraded shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Barclays set a $140.00 target price on shares of United Airlines and gave the company an “overweight” rating in a research note on Wednesday, March 12th. Susquehanna restated a “hold” rating on shares of United Airlines in a research note on Tuesday, February 25th. Raymond James restated an “outperform” rating and set a $130.00 target price (up previously from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Finally, TD Cowen lifted their target price on shares of United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, United Airlines currently has a consensus rating of “Buy” and an average price target of $112.75.

United Airlines Trading Up 1.1 %

Shares of United Airlines stock opened at $74.87 on Thursday. The company’s fifty day simple moving average is $96.52 and its 200-day simple moving average is $85.41. The stock has a market capitalization of $24.51 billion, a PE ratio of 7.94, a P/E/G ratio of 0.67 and a beta of 1.41. United Airlines has a 1-year low of $37.02 and a 1-year 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.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter last year, the company posted $2.00 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts anticipate that United Airlines will post 12.96 earnings per share for the current year.

Institutional Investors Weigh In On United Airlines

Several large investors have recently added to or reduced their stakes in UAL. Natixis Advisors LLC boosted its position in United Airlines by 18.9% in the 3rd quarter. Natixis Advisors LLC now owns 85,680 shares of the transportation company’s stock valued at $4,889,000 after buying an additional 13,642 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of United Airlines by 1,464.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 207,603 shares of the transportation company’s stock worth $11,846,000 after purchasing an additional 194,337 shares during the period. Quest Partners LLC lifted its position in shares of United Airlines by 268.7% in the 3rd quarter. Quest Partners LLC now owns 2,791 shares of the transportation company’s stock worth $159,000 after purchasing an additional 2,034 shares during the period. Commerce Bank lifted its position in shares of United Airlines by 1.1% in the 3rd quarter. Commerce Bank now owns 17,620 shares of the transportation company’s stock worth $1,005,000 after purchasing an additional 196 shares during the period. Finally, Landscape Capital Management L.L.C. lifted its position in shares of United Airlines by 190.6% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 106,645 shares of the transportation company’s stock worth $6,085,000 after purchasing an additional 69,945 shares during the period. 69.69% of the stock is owned by hedge funds and other institutional investors.

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.