United Airlines (NASDAQ:UAL) Price Target Raised to $133.00 at JPMorgan Chase & Co.

United Airlines (NASDAQ:UAL) had its price target hoisted by JPMorgan Chase & Co. from $108.00 to $133.00 in a report published on Thursday,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

Several other brokerages also recently weighed in on UAL. Sanford C. Bernstein boosted their price objective on shares of United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Morgan Stanley upped their price objective on shares of United Airlines from $88.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Raymond James boosted their target price on United Airlines from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, December 30th. Bank of America raised their price target on United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Finally, Jefferies Financial Group boosted their price objective on United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 21st. One analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Airlines presently has a consensus rating of “Buy” and a consensus price target of $106.45.

United Airlines Stock Performance

Shares of UAL stock opened at $103.72 on Thursday. The company has a market cap of $34.11 billion, a P/E ratio of 12.51, a PEG ratio of 1.12 and a beta of 1.44. The firm has a fifty day moving average price of $94.93 and a 200 day moving average price of $66.68. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95. United Airlines has a 12 month low of $37.02 and a 12 month high of $105.09.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.23. The business had revenue of $14.84 billion during the quarter, compared to analysts’ expectations of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same period in the prior year, the firm posted $3.65 EPS. Sell-side analysts predict that United Airlines will post 10.27 earnings per share for the current fiscal year.

United Airlines announced that its board has approved a stock repurchase plan on Tuesday, October 15th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at United Airlines

In related news, EVP Kate Gebo sold 17,500 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $80.44, for a total value of $1,407,700.00. Following the sale, the executive vice president now directly owns 40,012 shares in the company, valued at $3,218,565.28. The trade was a 30.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the transaction, the executive vice president now owns 30,427 shares of the company’s stock, valued at $2,190,744. This trade represents a 32.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 92,000 shares of company stock worth $8,158,900 over the last 90 days. Company insiders own 0.63% of the company’s stock.

Institutional Trading of United Airlines

Several large investors have recently modified their holdings of the business. Castle Hook Partners LP grew its holdings in United Airlines by 176.1% during the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock valued at $242,227,000 after buying an additional 2,707,442 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in shares of United Airlines by 489.2% during 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 during the last quarter. Dimensional Fund Advisors LP increased its position in United Airlines by 29.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock worth $272,559,000 after purchasing an additional 1,263,604 shares in the last quarter. Rubric Capital Management LP acquired a new position in United Airlines in the 3rd quarter valued at about $63,486,000. Finally, Sanders Capital LLC lifted its holdings in United Airlines by 12.4% in the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock valued at $539,650,000 after purchasing an additional 1,040,589 shares in the last quarter. 69.69% of the stock is currently 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.