Brokerages Set United Airlines Holdings, Inc. (NASDAQ:UAL) Target Price at $113.88

United Airlines Holdings, Inc. (NASDAQ:UAL) has earned an average rating of “Buy” from the seventeen brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $114.95.

Several equities research analysts recently weighed in on UAL shares. Raymond James reaffirmed an “outperform” rating and set a $130.00 target price (up from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. The Goldman Sachs Group reissued a “buy” rating and issued a $119.00 price objective on shares of United Airlines in a research report on Friday, November 15th. Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Susquehanna reissued a “hold” rating on shares of United Airlines in a research report on Tuesday, February 25th. Finally, Barclays set a $140.00 price objective on shares of United Airlines and gave the company an “overweight” rating in a research report on Wednesday.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in UAL. Bank of Jackson Hole Trust acquired a new position in United Airlines in the fourth quarter worth approximately $25,000. Hemington Wealth Management grew its position in United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after purchasing an additional 131 shares in the last quarter. Capital A Wealth Management LLC purchased a new position in United Airlines during the 4th quarter worth approximately $31,000. Roxbury Financial LLC purchased a new position in United Airlines during the 4th quarter worth approximately $32,000. Finally, Whipplewood Advisors LLC purchased a new position in United Airlines during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Price Performance

Shares of UAL opened at $73.67 on Monday. United Airlines has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The firm’s 50 day moving average price is $99.44 and its 200 day moving average price is $84.05. The company has a market cap of $24.12 billion, a P/E ratio of 7.81, a PEG ratio of 0.67 and a beta of 1.41. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL) last announced its 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 firm had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the prior year, the firm earned $2.00 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, research analysts forecast that United Airlines will post 12.96 earnings per share for the current fiscal year.

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.