UBS Group Forecasts Strong Price Appreciation for United Airlines (NASDAQ:UAL) Stock

United Airlines (NASDAQ:UAL) had its price target increased by UBS Group from $59.00 to $67.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. UBS Group’s price target would indicate a potential upside of 0.81% from the stock’s previous close.

A number of other research analysts have also commented on the stock. Morgan Stanley upped their price target on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Barclays lowered their target price on United Airlines from $140.00 to $94.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Jefferies Financial Group decreased their price objective on United Airlines from $154.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. TD Cowen lifted their target price on United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, Evercore ISI decreased their price target on shares of United Airlines from $145.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $101.95.

United Airlines Stock Down 0.8 %

Shares of NASDAQ:UAL traded down $0.53 during midday trading on Thursday, hitting $66.46. The stock had a trading volume of 7,013,798 shares, compared to its average volume of 8,002,011. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The business’s 50-day simple moving average is $80.67 and its 200-day simple moving average is $87.19. United Airlines has a 12 month low of $37.02 and a 12 month high of $116.00. The company has a market cap of $21.76 billion, a P/E ratio of 7.05, a PEG ratio of 0.67 and a beta of 1.19.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.16. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. On average, sell-side analysts forecast that United Airlines will post 12.96 earnings per share for the current fiscal year.

Institutional Trading of United Airlines

Institutional investors and hedge funds have recently modified their holdings of the business. Proficio Capital Partners LLC bought a new stake in shares of United Airlines during the 4th quarter valued at approximately $137,000. Longbow Finance SA bought a new stake in shares of United Airlines during the fourth quarter worth $9,359,000. KBC Group NV bought a new position in shares of United Airlines in the 4th quarter valued at $485,000. Bleakley Financial Group LLC boosted its holdings in shares of United Airlines by 293.7% during the 4th quarter. Bleakley Financial Group LLC now owns 23,458 shares of the transportation company’s stock valued at $2,278,000 after acquiring an additional 17,499 shares in the last quarter. Finally, Islay Capital Management LLC bought a new stake in United Airlines during the 4th quarter worth $790,000. 69.69% of the stock is currently owned by 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.