United Airlines (NASDAQ:UAL) Price Target Raised to $140.00 at UBS Group

United Airlines (NASDAQ:UAL) had its target price hoisted by equities researchers at UBS Group from $139.00 to $140.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. UBS Group’s target price points to a potential upside of 42.03% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Melius Research upgraded shares of United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. TD Cowen raised their price target on shares of United Airlines from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Susquehanna raised their price target on shares of United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Thursday, October 17th. Raymond James raised their price target on shares of United Airlines from $90.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, December 30th. Finally, Dbs Bank upgraded shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, United Airlines presently has an average rating of “Buy” and an average target price of $102.35.

United Airlines Stock Up 3.0 %

NASDAQ UAL opened at $98.57 on Tuesday. 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 50-day simple moving average of $93.47 and a 200 day simple moving average of $65.78. United Airlines has a twelve month low of $37.02 and a twelve month high of $105.09. The stock has a market cap of $32.42 billion, a PE ratio of 11.89, a PEG ratio of 1.12 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.23. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The business had revenue of $14.84 billion during the quarter, compared to analysts’ expectations of $14.76 billion. During the same quarter last year, the company earned $3.65 earnings per share. On average, research analysts forecast that United Airlines will post 10.27 EPS for the current year.

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

Insider Activity

In other news, EVP Kate Gebo sold 17,500 shares of the business’s stock in a transaction on 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 completion of the transaction, the executive vice president now 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 sale 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 business’s stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 30,427 shares of the company’s stock, valued at $2,190,744. This trade represents a 32.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,000 shares of company stock valued at $8,158,900 in the last quarter. Company insiders own 0.63% of the company’s stock.

Hedge Funds Weigh In On United Airlines

Institutional investors and hedge funds have recently made changes to their positions in the company. Global Trust Asset Management LLC bought a new stake in United Airlines in the 3rd quarter valued at $29,000. Strategic Investment Solutions Inc. IL bought a new stake in United Airlines in the 2nd quarter valued at $30,000. Armstrong Advisory Group Inc. bought a new stake in United Airlines in the 3rd quarter valued at $36,000. Quest Partners LLC lifted its position in United Airlines by 3,504.8% in the 2nd quarter. Quest Partners LLC now owns 757 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 736 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in United Airlines by 108.6% in the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 392 shares in the last quarter. 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.