Analysts Set United Airlines Holdings, Inc. (NASDAQ:UAL) Price Target at $70.89

Shares of United Airlines Holdings, Inc. (NASDAQ:UAL) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $70.89.

A number of research firms have weighed in on UAL. Raymond James upped their target price on United Airlines from $66.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Jefferies Financial Group upgraded United Airlines from a “hold” rating to a “buy” rating and upped their target price for the stock from $54.00 to $65.00 in a report on Wednesday, May 29th. StockNews.com upgraded United Airlines from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Bank of America upped their target price on United Airlines from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Finally, HSBC started coverage on United Airlines in a report on Monday, May 13th. They set a “buy” rating and a $69.20 target price on the stock.

United Airlines Price Performance

NASDAQ:UAL opened at $47.20 on Wednesday. The firm has a market capitalization of $15.52 billion, a price-to-earnings ratio of 5.83, a P/E/G ratio of 0.46 and a beta of 1.44. United Airlines has a 52-week low of $33.68 and a 52-week high of $58.23. The stock has a fifty day moving average of $51.26 and a 200 day moving average of $46.49. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.69 and a current ratio of 0.75.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, April 16th. The transportation company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.53) by $0.38. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. The firm had revenue of $12.54 billion during the quarter, compared to analyst estimates of $12.43 billion. On average, research analysts expect that United Airlines will post 9.97 EPS for the current fiscal year.

Insider Activity at United Airlines

In related news, EVP Kate Gebo sold 15,000 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $50.86, for a total transaction of $762,900.00. Following the completion of the transaction, the executive vice president now directly owns 57,512 shares in the company, valued at $2,925,060.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.63% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UAL. BNP Paribas acquired a new stake in United Airlines in the 1st quarter valued at about $25,000. Venturi Wealth Management LLC boosted its position in United Airlines by 72.1% in the 4th quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock valued at $27,000 after buying an additional 274 shares during the period. Wetzel Investment Advisors Inc. purchased a new position in United Airlines in the 4th quarter valued at approximately $27,000. Fidelis Capital Partners LLC purchased a new position in United Airlines in the 1st quarter valued at approximately $27,000. Finally, Crewe Advisors LLC purchased a new position in United Airlines in the 1st quarter valued at approximately $32,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

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.