Jefferies Financial Group Increases United Airlines (NASDAQ:UAL) Price Target to $75.00

United Airlines (NASDAQ:UAL) had its target price hoisted by Jefferies Financial Group from $69.00 to $75.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Jefferies Financial Group’s price target suggests a potential upside of 34.84% from the company’s current price.

A number of other research firms have also recently issued reports on UAL. TD Cowen increased their price target on United Airlines from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Redburn Atlantic upgraded United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Thursday, June 6th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.59.

United Airlines Stock Performance

Shares of UAL stock opened at $55.62 on Wednesday. The business’s 50 day simple moving average is $46.58 and its 200 day simple moving average is $48.30. United Airlines has a one year low of $33.68 and a one year high of $60.23. The stock has a market capitalization of $18.29 billion, a PE ratio of 6.88, a PEG ratio of 1.21 and a beta of 1.44. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.77 and a quick ratio of 0.71.

United Airlines (NASDAQ:UAL) last announced its earnings results on Wednesday, July 17th. The transportation company reported $4.14 EPS for the quarter, beating the consensus estimate of $3.97 by $0.17. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. The business had revenue of $14.99 billion for the quarter, compared to analysts’ expectations of $15.04 billion. During the same period in the prior year, the business posted $5.03 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. As a group, research analysts forecast that United Airlines will post 9.78 earnings per share for the current year.

Institutional Investors Weigh In On United Airlines

A number of institutional investors and hedge funds have recently bought and sold shares of UAL. BNP Paribas purchased a new stake in United Airlines in the 1st quarter valued at $25,000. Fidelis Capital Partners LLC purchased a new stake in shares of United Airlines during the 1st quarter valued at $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of United Airlines during the 2nd quarter valued at $30,000. Crewe Advisors LLC purchased a new stake in shares of United Airlines during the 1st quarter valued at $32,000. Finally, GoalVest Advisory LLC purchased a new stake in shares of United Airlines during the 1st quarter valued at $33,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

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.