United Airlines Holdings, Inc. (NASDAQ:UAL) Receives Average Recommendation of “Buy” from Analysts


Shares of United Airlines Holdings, Inc. (NASDAQ:UAL – Get Rating) have received an average recommendation of “Hold” from the eighteen ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $63.33.

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of United Airlines from $62.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, April 22nd. UBS Group downgraded shares of United Airlines from a “buy” rating to a “neutral” rating and set a $51.00 price target on the stock. in a report on Monday, April 18th. Barclays raised their price target on shares of United Airlines from $50.00 to $58.00 and gave the company an “equal weight” rating in a report on Thursday, April 21st. Raymond James cut their price target on shares of United Airlines from $67.00 to $62.00 and set an “outperform” rating on the stock in a report on Monday, March 21st. Finally, Susquehanna Bancshares cut their price target on shares of United Airlines from $60.00 to $55.00 in a report on Friday, January 21st.

In other United Airlines news, EVP Torbjorn J. Enqvist sold 8,900 shares of the firm’s stock in a transaction on Friday, April 22nd. The shares were sold at an average price of $51.33, for a total value of $456,837.00. Following the sale, the executive vice president now directly owns 19,190 shares in the company, valued at approximately $985,022.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.37% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of UAL. The Manufacturers Life Insurance Company boosted its position in shares of United Airlines by 403.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,240,877 shares of the transportation company’s stock valued at $57,527,000 after acquiring an additional 994,335 shares in the last quarter. Toroso Investments LLC boosted its position in shares of United Airlines by 17.4% during the 1st quarter. Toroso Investments LLC now owns 14,257 shares of the transportation company’s stock valued at $661,000 after acquiring an additional 2,115 shares in the last quarter. Capital Group International Inc. CA acquired a new stake in shares of United Airlines during the 1st quarter valued at about $28,518,000. Capital International Investors acquired a new stake in shares of United Airlines during the 1st quarter valued at about $351,299,000. Finally, Capital Group Private Client Services Inc. acquired a new stake in shares of United Airlines during the 1st quarter valued at about $22,398,000. Institutional investors own 57.92% of the company’s stock.

UAL stock traded down $0.85 during midday trading on Friday, reaching $43.36. The company had a trading volume of 479,601 shares, compared to its average volume of 15,880,675. United Airlines has a 1 year low of $30.54 and a 1 year high of $60.58. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 8.24. The company has a market capitalization of $14.08 billion, a P/E ratio of -7.16 and a beta of 1.23. The company has a 50 day moving average of $45.06 and a two-hundred day moving average of $44.77.

United Airlines (NASDAQ:UAL – Get Rating) last released its earnings results on Wednesday, April 20th. The transportation company reported ($4.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($4.19) by ($0.05). United Airlines had a negative return on equity of 73.54% and a negative net margin of 6.85%. The company had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $7.68 billion. During the same quarter in the previous year, the company earned ($7.50) EPS. The firm’s quarterly revenue was up 134.9% compared to the same quarter last year. On average, sell-side analysts anticipate that United Airlines will post -0.67 earnings per share for the current year.

About United Airlines (GetRated)

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, training, and maintenance services for third parties.

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Analyst Recommendations for United Airlines (NASDAQ:UAL)



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