Susquehanna Upgrades United Airlines (NASDAQ:UAL) to Positive

United Airlines (NASDAQ:UAL) was upgraded by research analysts at Susquehanna from a “neutral” rating to a “positive” rating in a note issued to investors on Thursday, The Fly reports. The firm currently has a $60.00 price objective on the transportation company’s stock, up from their prior price objective of $50.00. Susquehanna’s price objective points to a potential upside of 28.37% from the company’s previous close.

A number of other equities analysts also recently commented on UAL. Cowen raised their price objective on shares of United Airlines from $72.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, October 21st. MKM Partners raised shares of United Airlines from a “neutral” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Monday, January 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $63.92.

Shares of United Airlines stock opened at $46.74 on Thursday. The company has a debt-to-equity ratio of 5.85, a current ratio of 1.36 and a quick ratio of 1.31. United Airlines has a fifty-two week low of $38.88 and a fifty-two week high of $63.70. The firm has a fifty day moving average price of $45.39 and a two-hundred day moving average price of $46.84. The company has a market cap of $15.13 billion, a PE ratio of -4.42 and a beta of 1.48.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Monday, October 18th. The transportation company reported ($1.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.65) by $0.63. United Airlines had a negative net margin of 16.19% and a negative return on equity of 112.46%. The firm had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.64 billion. During the same period in the prior year, the firm earned ($8.16) EPS. The business’s revenue was up 211.4% on a year-over-year basis. Analysts expect that United Airlines will post -14.55 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Parisi Gray Wealth Management acquired a new stake in shares of United Airlines during the 2nd quarter worth about $26,000. Atwood & Palmer Inc. acquired a new stake in United Airlines in the 3rd quarter valued at about $26,000. Strategic Asset Management LLC acquired a new stake in United Airlines in the 3rd quarter valued at about $30,000. Koshinski Asset Management Inc. acquired a new stake in United Airlines in the 3rd quarter valued at about $37,000. Finally, Hudock Inc. increased its position in United Airlines by 33.9% in the 3rd quarter. Hudock Inc. now owns 790 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 58.13% of the company’s stock.

United Airlines Company Profile

United Airlines Holdings, Inc is a holding company, which offers satellite based Wi-Fi, including on long-haul overseas routes. It transports people and cargo throughout North America and to destinations in Asia, Europe, Africa, the Pacific, the Middle East and Latin America. UAL, through United and its regional carriers.

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Analyst Recommendations for United Airlines (NASDAQ:UAL)

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