Jefferies Financial Group Cuts United Airlines (NASDAQ:UAL) Price Target to $80.00

United Airlines (NASDAQ:UAL) had its price objective reduced by Jefferies Financial Group from $154.00 to $80.00 in a research note released on Tuesday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the transportation company’s stock.

Other analysts have also issued research reports about the stock. Morgan Stanley boosted their price target on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. UBS Group lowered their target price on shares of United Airlines from $140.00 to $107.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Barclays set a $140.00 price target on United Airlines and gave the stock an “overweight” rating in a report on Wednesday, March 12th. Susquehanna reiterated a “hold” rating on shares of United Airlines in a research note on Tuesday, February 25th. Finally, TD Cowen increased their price objective on United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $111.08.

United Airlines Trading Down 15.6 %

Shares of United Airlines stock opened at $60.23 on Tuesday. The stock has a fifty day moving average price of $90.32 and a 200-day moving average price of $86.68. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The firm has a market cap of $19.72 billion, a PE ratio of 6.39, a P/E/G ratio of 0.67 and a beta of 1.41. United Airlines has a 1 year low of $37.02 and a 1 year high of $116.00.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. The company had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. United Airlines’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.00 EPS. Equities research analysts anticipate that United Airlines will post 12.96 EPS for the current year.

Hedge Funds Weigh In On United Airlines

A number of institutional investors have recently made changes to their positions in UAL. Public Sector Pension Investment Board grew its position in United Airlines by 2.9% in the third quarter. Public Sector Pension Investment Board now owns 57,322 shares of the transportation company’s stock worth $3,271,000 after acquiring an additional 1,600 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of United Airlines by 16.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 233,464 shares of the transportation company’s stock worth $13,321,000 after purchasing an additional 32,725 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of United Airlines by 10.3% in the 3rd quarter. Captrust Financial Advisors now owns 16,104 shares of the transportation company’s stock worth $919,000 after purchasing an additional 1,499 shares in the last quarter. Holocene Advisors LP increased its position in shares of United Airlines by 529.7% during the 3rd quarter. Holocene Advisors LP now owns 822,861 shares of the transportation company’s stock valued at $46,952,000 after purchasing an additional 692,176 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of United Airlines by 187.1% during the 3rd quarter. Quantinno Capital Management LP now owns 103,049 shares of the transportation company’s stock valued at $5,880,000 after buying an additional 67,150 shares in the last quarter. 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.