United Airlines Holdings Inc (NASDAQ:UAL) Stock Has Average Target Price of $156.19 According to Brokerages

Key Points

• Analysts maintain a positive outlook: Eighteen brokerages give United Airlines a consensus “Moderate Buy” rating, with 16 buys, one hold and one sell. The average 12-month price target is $156.19, although several firms recently lowered their targets.
• United Airlines shares opened at $104.24, near their 50-day and 200-day moving averages. The company reported quarterly EPS of $2.54, slightly below the $2.57 consensus, while revenue rose 17.4% year over year to $17.88 billion.
• Institutional investors hold 69.69% of the stock, with several funds recently increasing or initiating positions. An executive sold 5,000 shares, reducing his ownership by 2.27%.

United Airlines Holdings Inc (NASDAQ:UAL - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eighteen brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and sixteen have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $156.19.

Several equities analysts recently commented on UAL shares. Susquehanna dropped their target price on United Airlines from $150.00 to $130.00 and set a "positive" rating for the company in a research note on Thursday, October 22nd. Barclays decreased their price target on United Airlines from $175.00 to $160.00 and set an "overweight" rating on the stock in a research note on Friday, September 11th. Jefferies Financial Group restated a "buy" rating and issued a $142.00 price target on shares of United Airlines in a report on Wednesday, October 21st. Wells Fargo & Company dropped their price objective on shares of United Airlines from $160.00 to $155.00 and set an "overweight" rating for the company in a research note on Thursday, October 22nd. Finally, Rothschild & Co Redburn cut their price objective on shares of United Airlines from $165.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, September 18th.

United Airlines Trading Down 0.9%

Shares of United Airlines stock opened at $104.24 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.75 and a quick ratio of 0.68. United Airlines has a 1 year low of $84.64 and a 1 year high of $138.77. The company has a market capitalization of $33.87 billion, a P/E ratio of 9.54, a P/E/G ratio of 1.33 and a beta of 1.30. The business has a 50 day moving average price of $107.65 and a 200 day moving average price of $108.27.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The transportation company reported $2.54 earnings per share for the quarter, missing the consensus estimate of $2.57 by ($0.03). United Airlines had a return on equity of 17.59% and a net margin of 5.46%. The company had revenue of $17.88 billion for the quarter, compared to analysts' expectations of $17.89 billion. During the same period in the previous year, the business posted $2.78 EPS. The business's quarterly revenue was up 17.4% on a year-over-year basis. Sell-side analysts anticipate that United Airlines will post 7.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other United Airlines news, EVP Andrew Nocella sold 5,000 shares of the business's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $117.00, for a total transaction of $585,000.00. Following the completion of the sale, the executive vice president owned 214,955 shares of the company's stock, valued at approximately $25,149,735. The trade was a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.86% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of UAL. Royal Bank of Canada increased its position in United Airlines by 11.2% in the first quarter. Royal Bank of Canada now owns 418,647 shares of the transportation company's stock worth $38,544,000 after buying an additional 42,111 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of United Airlines in the 2nd quarter worth about $7,671,000. State Street Corp lifted its position in United Airlines by 1.4% in the 2nd quarter. State Street Corp now owns 11,788,111 shares of the transportation company's stock valued at $1,603,065,000 after purchasing an additional 162,283 shares during the last quarter. Junto Capital Management LP bought a new position in United Airlines in the 2nd quarter worth about $37,460,000. Finally, Y Intercept Hong Kong Ltd grew its position in United Airlines by 432.2% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 96,592 shares of the transportation company's stock worth $8,893,000 after purchasing an additional 78,442 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Company Profile

United Airlines Holdings, Inc is the parent company of United Airlines, a major U.S. commercial airline headquartered in Chicago, Illinois. The company provides scheduled passenger air transportation and air cargo services, connecting customers across the United States and to international destinations.

United operates a broad network serving North America, Latin America, Europe, Asia, Africa and Oceania. Its operations are supported by hubs in major U.S. cities, including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco and Washington, DC, as well as an extensive network of regional carriers operating under the United Express brand.

The company offers several travel classes and related services, including premium-cabin seating, onboard amenities, airport lounges and the MileagePlus customer loyalty program.

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