United Airlines (NASDAQ:UAL) Price Target Raised to $165.00

United Airlines (NASDAQ:UAL) had its price target raised by equities researchers at TD Cowen from $142.00 to $165.00 in a note issued to investors on Friday,Briefing.com Automated Import reports. The brokerage currently has a “buy” rating on the transportation company’s stock. TD Cowen’s price target points to a potential upside of 60.19% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Melius Research upgraded United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. Sanford C. Bernstein lifted their price objective on shares of United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Morgan Stanley increased their price objective on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday. Jefferies Financial Group boosted their target price on shares of United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, Citigroup increased their price target on United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $110.20.

United Airlines Stock Performance

Shares of United Airlines stock opened at $103.00 on Friday. The firm has a market capitalization of $33.87 billion, a P/E ratio of 10.92, a PEG ratio of 0.77 and a beta of 1.44. United Airlines has a 52 week low of $37.02 and a 52 week high of $116.00. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The company has a 50 day moving average price of $98.88 and a 200 day moving average price of $70.51.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping the consensus estimate of $2.96 by $0.30. The business had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.00 earnings per share. Sell-side analysts expect that United Airlines will post 12.7 EPS for the current year.

United Airlines declared that its board has authorized a share buyback program on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at United Airlines

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the completion of the transaction, the executive vice president now owns 63,599 shares of the company’s stock, valued at $6,049,536.88. This represents a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kate Gebo sold 17,500 shares of United Airlines stock in a transaction that occurred 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 directly owns 40,012 shares in the company, valued at $3,218,565.28. This represents a 30.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

Hedge Funds Weigh In On United Airlines

Hedge funds and other institutional investors have recently modified their holdings of the business. Chicago Partners Investment Group LLC lifted its stake in United Airlines by 7.1% in the 4th quarter. Chicago Partners Investment Group LLC now owns 3,650 shares of the transportation company’s stock worth $379,000 after purchasing an additional 243 shares in the last quarter. TriaGen Wealth Management LLC purchased a new position in United Airlines during the fourth quarter worth approximately $644,000. Caprock Group LLC acquired a new position in United Airlines during the fourth quarter worth $227,000. Cibc World Market Inc. grew its holdings in United Airlines by 3,383.2% in the 4th quarter. Cibc World Market Inc. now owns 188,753 shares of the transportation company’s stock valued at $18,328,000 after buying an additional 183,334 shares in the last quarter. Finally, Busey Bank acquired a new stake in shares of United Airlines in the 4th quarter worth $220,000. 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.