United Airlines (NASDAQ:UAL) Price Target Increased to $70.00 by Analysts at Raymond James

United Airlines (NASDAQ:UAL) had its price target increased by research analysts at Raymond James from $66.00 to $70.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Raymond James’ price objective points to a potential upside of 37.28% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. Susquehanna increased their target price on United Airlines from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Thursday. TD Cowen boosted their price target on United Airlines from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Evercore ISI raised United Airlines from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $58.00 to $65.00 in a research report on Friday, February 9th. Redburn Atlantic cut United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 price target on the stock. in a research report on Tuesday, February 13th. Finally, StockNews.com upgraded shares of United Airlines from a “sell” rating to a “hold” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.53.

United Airlines Stock Up 4.6 %

UAL traded up $2.25 during midday trading on Thursday, reaching $50.99. 24,394,355 shares of the company were exchanged, compared to its average volume of 10,112,362. The company has a market cap of $16.77 billion, a price-to-earnings ratio of 6.33, a price-to-earnings-growth ratio of 0.58 and a beta of 1.55. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.76 and a current ratio of 0.83. The company’s fifty day moving average price is $44.09 and its 200 day moving average price is $41.35. United Airlines has a one year low of $33.68 and a one year high of $58.23.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.61 by $0.39. The business had revenue of $13.63 billion for the quarter, compared to the consensus estimate of $13.55 billion. United Airlines had a return on equity of 40.50% and a net margin of 4.90%. United Airlines’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.46 earnings per share. As a group, analysts expect that United Airlines will post 9.46 EPS for the current year.

Institutional Trading of United Airlines

A number of institutional investors and hedge funds have recently modified their holdings of UAL. PNC Financial Services Group Inc. boosted its holdings in United Airlines by 7.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 22,619 shares of the transportation company’s stock valued at $1,048,000 after purchasing an additional 1,663 shares during the last quarter. Panagora Asset Management Inc. purchased a new stake in shares of United Airlines in the 1st quarter valued at approximately $482,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of United Airlines by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 43,326 shares of the transportation company’s stock valued at $2,009,000 after purchasing an additional 2,683 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of United Airlines by 2.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 72,334 shares of the transportation company’s stock valued at $3,503,000 after purchasing an additional 1,438 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its holdings in shares of United Airlines by 81.9% in the 1st quarter. Vontobel Holding Ltd. now owns 14,960 shares of the transportation company’s stock valued at $694,000 after buying an additional 6,737 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

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.