United Airlines (NASDAQ:UAL) Raised to Strong-Buy 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 released on Tuesday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Sanford C. Bernstein boosted their price objective on shares of United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Susquehanna upped their price target on United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a report on Thursday, October 17th. UBS Group reiterated a “buy” rating and issued a $139.00 price objective on shares of United Airlines in a report on Tuesday. Bank of America upped their target price on shares of United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Finally, Morgan Stanley lifted their price target on shares of United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $96.15.

United Airlines Trading Up 0.5 %

United Airlines stock opened at $96.83 on Tuesday. United Airlines has a 12 month low of $37.02 and a 12 month high of $101.60. The company has a market capitalization of $31.85 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 1.14 and a beta of 1.39. The business’s fifty day simple moving average is $75.84 and its two-hundred day simple moving average is $57.42. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.23. The company had revenue of $14.84 billion for the quarter, compared to analysts’ expectations of $14.76 billion. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. During the same quarter in the previous year, the business posted $3.65 EPS. As a group, equities analysts predict 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 buyback plan on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at United Airlines

In other United Airlines news, EVP Kate Gebo sold 17,500 shares of the stock in a transaction on 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 sale, the executive vice president now owns 40,012 shares in the company, valued at approximately $3,218,565.28. This represents a 30.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the business’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $72.00, for a total value of $1,044,000.00. Following the completion of the transaction, the executive vice president now owns 30,427 shares in the company, valued at $2,190,744. The trade was a 32.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,000 shares of company stock valued at $8,158,900. Company insiders own 0.63% of the company’s stock.

Institutional Trading of United Airlines

Several institutional investors and hedge funds have recently added to or reduced their stakes in UAL. Franklin Resources Inc. increased its holdings in United Airlines by 214.7% in the 3rd quarter. Franklin Resources Inc. now owns 202,552 shares of the transportation company’s stock valued at $11,558,000 after acquiring an additional 138,191 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of United Airlines during the third quarter valued at about $129,000. Geode Capital Management LLC increased its holdings in shares of United Airlines by 2.1% in the third quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company’s stock worth $477,526,000 after purchasing an additional 168,498 shares during the last quarter. MidWestOne Financial Group Inc. lifted its position in shares of United Airlines by 28.0% in the third quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock worth $3,064,000 after buying an additional 11,743 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in United Airlines by 24.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 5,165 shares of the transportation company’s stock valued at $295,000 after buying an additional 1,000 shares during the last quarter. Institutional investors 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.