Susquehanna Lowers United Airlines (NASDAQ:UAL) Price Target to $90.00

United Airlines (NASDAQ:UAL) had its target price reduced by stock analysts at Susquehanna from $130.00 to $90.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price would indicate a potential upside of 54.10% from the stock’s current price.

A number of other research analysts have also recently commented on the stock. Jefferies Financial Group dropped their target price on shares of United Airlines from $154.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, April 1st. Bank of America cut their target price on shares of United Airlines from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday. Morgan Stanley upped their price target on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Finally, UBS Group downgraded United Airlines from a “buy” rating to a “neutral” rating and dropped their target price for the company from $107.00 to $59.00 in a research report on Monday. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $105.21.

United Airlines Price Performance

Shares of NASDAQ:UAL traded up $0.73 during midday trading on Monday, hitting $58.40. The stock had a trading volume of 4,939,401 shares, compared to its average volume of 7,815,262. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The company has a market capitalization of $19.12 billion, a P/E ratio of 6.31, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. The company’s 50-day moving average price is $89.38 and its 200-day moving average price is $87.21. United Airlines has a fifty-two week low of $37.02 and a fifty-two week high of $116.00.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter last year, the business posted $2.00 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. As a group, equities research analysts predict that United Airlines will post 12.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Proficio Capital Partners LLC bought a new position in shares of United Airlines during the 4th quarter worth about $137,000. State Street Corp raised its stake in United Airlines by 0.8% during the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock worth $588,874,000 after buying an additional 78,470 shares during the period. Longbow Finance SA bought a new position in United Airlines in the fourth quarter worth approximately $9,359,000. MidWestOne Financial Group Inc. grew its stake in United Airlines by 28.0% in the third quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock valued at $3,064,000 after acquiring an additional 11,743 shares during the period. Finally, KBC Group NV acquired a new position in shares of United Airlines during the fourth quarter worth approximately $485,000. 69.69% of the stock is owned by institutional investors.

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.