United Airlines (NASDAQ:UAL) Stock Price Expected to Rise, Barclays Analyst Says

Key Points

• Barclays has restated its "overweight" rating for United Airlines (NASDAQ: UAL) with an increased target price of $115.00, suggesting a potential upside of 22.71% from the current stock price.
• Other analysts have also set bullish targets for United Airlines, with estimates ranging from $109.00 to $131.00, while the consensus rating for the stock remains a solid "Buy."
• United Airlines reported $3.87 earnings per share for the latest quarter, exceeding analysts' expectations, although revenue was slightly below forecast at $15.24 billion.

United Airlines (NASDAQ:UAL - Get Free Report) had its price objective raised by research analysts at Barclays from $100.00 to $115.00 in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage presently has an "overweight" rating on the transportation company's stock. Barclays's price target points to a potential upside of 22.34% from the company's current price.

Several other research analysts have also recently issued reports on UAL. Cowen reissued a "buy" rating on shares of United Airlines in a research note on Tuesday, July 15th. Evercore ISI increased their target price on United Airlines from $105.00 to $135.00 and gave the company an "outperform" rating in a research report on Monday. TD Cowen increased their target price on United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Wall Street Zen cut United Airlines from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Finally, Jefferies Financial Group raised their price objective on United Airlines from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $120.21.

United Airlines Trading Up 0.9%

Shares of NASDAQ UAL traded up $0.85 during midday trading on Wednesday, hitting $94.00. The company's stock had a trading volume of 756,798 shares, compared to its average volume of 7,546,013. United Airlines has a 12-month low of $52.00 and a 12-month high of $116.00. The firm has a market cap of $30.43 billion, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 1.25 and a beta of 1.45. The business's 50 day moving average is $99.34 and its two-hundred day moving average is $83.89. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.56.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.81 by $0.06. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.The company had revenue of $15.24 billion for the quarter, compared to analysts' expectations of $15.31 billion. During the same quarter in the prior year, the firm earned $4.14 earnings per share. United Airlines's revenue was up 1.4% compared to the same quarter last year. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. As a group, equities research analysts expect that United Airlines will post 12.96 EPS for the current year.

Insider Buying and Selling at United Airlines

In other United Airlines news, Director Michelle Freyre sold 900 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $92.13, for a total transaction of $82,917.00. Following the sale, the director owned 829 shares in the company, valued at approximately $76,375.77. The trade was a 52.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barney Harford sold 9,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $97.76, for a total value of $879,840.00. Following the sale, the director owned 80,000 shares in the company, valued at approximately $7,820,800. The trade was a 10.11% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 106,791 shares of company stock worth $9,992,318. 0.71% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On United Airlines

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its holdings in shares of United Airlines by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,520,643 shares of the transportation company's stock valued at $105,000,000 after buying an additional 16,477 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of United Airlines in the 1st quarter valued at about $15,089,000. Generate Investment Management Ltd purchased a new position in shares of United Airlines in the 1st quarter valued at about $10,773,000. Exchange Traded Concepts LLC increased its stake in shares of United Airlines by 132.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 7,503 shares of the transportation company's stock valued at $518,000 after purchasing an additional 4,281 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of United Airlines by 7,225.9% in the 1st quarter. GAMMA Investing LLC now owns 360,579 shares of the transportation company's stock valued at $24,898,000 after purchasing an additional 355,657 shares in the last quarter. Institutional investors and hedge funds 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.