Jefferies Financial Group Issues Positive Forecast for United Airlines (NASDAQ:UAL) Stock Price

Key Points

• Jefferies Financial Group raised its price target for United Airlines (NASDAQ:UAL) from $115.00 to $125.00, indicating a potential upside of 31.12% from the current stock price.
• Other analysts have also increased their price targets, with UBS setting it at $131.00 and Evercore ISI at $135.00, collectively reflecting strong market confidence with a majority providing buy ratings.
• United Airlines reported earnings of $3.87 per share for the last quarter, surpassing expectations and showing a 1.4% year-over-year revenue increase to $15.24 billion despite a slight decline in EPS compared to the previous year.

United Airlines (NASDAQ:UAL - Get Free Report) had its price objective increased by research analysts at Jefferies Financial Group from $115.00 to $125.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the transportation company's stock. Jefferies Financial Group's price target suggests a potential upside of 31.12% from the company's current price.

Other analysts have also recently issued reports about the stock. UBS Group increased their target price on shares of United Airlines from $114.00 to $131.00 and gave the stock a "buy" rating in a research note on Friday, September 26th. Evercore ISI raised their price objective on shares of United Airlines from $105.00 to $135.00 and gave the company an "outperform" rating in a research report on Monday. TD Cowen raised their price objective on shares of United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Barclays set a $115.00 price objective on shares of United Airlines and gave the company an "overweight" rating in a research report on Wednesday. Finally, Bank of America raised their price objective on shares of United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $120.21.

United Airlines Stock Performance

UAL traded down $1.17 on Wednesday, hitting $95.33. The company's stock had a trading volume of 511,279 shares, compared to its average volume of 7,552,012. The company's 50 day simple moving average is $99.29 and its 200-day simple moving average is $83.82. The firm has a market cap of $30.86 billion, a P/E ratio of 9.54, a price-to-earnings-growth ratio of 1.28 and a beta of 1.47. United Airlines has a 12 month low of $52.00 and a 12 month high of $116.00. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.56.

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

Insiders Place Their Bets

In other United Airlines news, President Brett J. Hart sold 24,772 shares of United Airlines stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $89.50, for a total value of $2,217,094.00. Following the completion of the transaction, the president directly owned 283,638 shares of the company's stock, valued at approximately $25,385,601. The trade was a 8.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michelle Freyre sold 900 shares of United Airlines 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 completion of the transaction, the director directly owned 829 shares of the company's stock, valued at $76,375.77. This trade represents a 52.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 106,791 shares of company stock valued at $9,992,318. 0.63% of the stock is owned by company insiders.

Institutional Trading of United Airlines

Large investors have recently added to or reduced their stakes in the business. WPG Advisers LLC bought a new stake in United Airlines during the first quarter valued at approximately $32,000. Hemington Wealth Management boosted its position in shares of United Airlines by 50.6% in the first quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock worth $32,000 after purchasing an additional 160 shares during the period. Eastern Bank bought a new position in shares of United Airlines in the first quarter worth approximately $35,000. Banque Transatlantique SA bought a new position in shares of United Airlines in the first quarter worth approximately $35,000. Finally, Strategic Investment Solutions Inc. IL boosted its position in shares of United Airlines by 44.0% in the second quarter. Strategic Investment Solutions Inc. IL now owns 579 shares of the transportation company's stock worth $46,000 after purchasing an additional 177 shares during the period. 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.

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