United Airlines (NASDAQ:UAL) Upgraded at Dbs Bank

Dbs Bank upgraded shares of United Airlines (NASDAQ:UAL) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

A number of other research analysts have also weighed in on UAL. Citigroup raised their price objective on United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a report on Tuesday. Barclays lifted their price target on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Bank of America lifted their price target on United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Morgan Stanley lifted their price target on United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Finally, TD Cowen lifted their price target on United Airlines from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $96.15.

United Airlines Trading Up 0.5 %

Shares of UAL stock opened at $96.83 on Tuesday. The stock’s fifty day moving average is $75.84 and its two-hundred day moving average is $57.42. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79. The firm has a market capitalization of $31.85 billion, a P/E ratio of 11.68, a PEG ratio of 1.14 and a beta of 1.39. United Airlines has a fifty-two week low of $37.02 and a fifty-two week high of $101.60.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.23. The company had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same quarter last year, the firm posted $3.65 EPS. Research analysts expect that United Airlines will post 10.23 earnings per share for the current fiscal year.

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

Insider Buying and Selling at United Airlines

In other United Airlines news, EVP Kate Gebo sold 17,500 shares of United Airlines stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.44, for a total value of $1,407,700.00. Following the completion of the transaction, the executive vice president now directly owns 40,012 shares of the company’s stock, valued at $3,218,565.28. The trade was a 30.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $95.12, for a total value of $5,707,200.00. Following the completion of the transaction, the executive vice president now directly owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. This represents a 48.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 92,000 shares of company stock valued at $8,158,900 in the last three months. 0.63% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On United Airlines

Several hedge funds and other institutional investors have recently made changes to their positions in UAL. Global Trust Asset Management LLC purchased a new position in shares of United Airlines in the 3rd quarter valued at about $29,000. Strategic Investment Solutions Inc. IL purchased a new stake in United Airlines during the second quarter worth approximately $30,000. UMB Bank n.a. lifted its stake in United Airlines by 59.7% during the second quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock worth $33,000 after purchasing an additional 255 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new stake in United Airlines during the third quarter worth approximately $36,000. Finally, Quest Partners LLC lifted its stake in United Airlines by 3,504.8% during the second quarter. Quest Partners LLC now owns 757 shares of the transportation company’s stock worth $37,000 after purchasing an additional 736 shares during the last quarter. Hedge funds and other 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.