United Airlines (NASDAQ:UAL) had its price target cut by MKM Partners from $65.00 to $61.00 in a research note issued to investors on Thursday, The Fly reports. The firm currently has a "neutral" rating on the transportation company's stock. MKM Partners' price objective indicates a potential upside of 29.05% from the stock's current price.
A number of other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of United Airlines from $43.00 to $58.00 and gave the company an "underweight" rating in a research report on Wednesday, April 14th. Argus cut shares of United Airlines from a "buy" rating to a "hold" rating in a report on Tuesday, July 13th. Raymond James decreased their target price on shares of United Airlines from $80.00 to $78.00 and set an "outperform" rating for the company in a report on Wednesday, April 21st. Barclays lifted their target price on shares of United Airlines from $44.00 to $62.00 in a report on Thursday, April 15th. Finally, Wolfe Research upgraded shares of United Airlines from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 18th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. United Airlines currently has a consensus rating of "Hold" and a consensus target price of $56.26.
Shares of UAL opened at $47.27 on Thursday. The company's 50-day moving average is $54.01. The company has a market cap of $15.30 billion, a price-to-earnings ratio of -2.58 and a beta of 1.61. The company has a debt-to-equity ratio of 5.01, a current ratio of 1.13 and a quick ratio of 1.07. United Airlines has a 1-year low of $30.32 and a 1-year high of $63.70.
United Airlines (NASDAQ:UAL) last announced its earnings results on Monday, July 19th. The transportation company reported ($3.91) earnings per share for the quarter, beating analysts' consensus estimates of ($4.17) by $0.26. United Airlines had a negative net margin of 37.89% and a negative return on equity of 133.58%. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.33 billion. During the same quarter in the previous year, the firm posted ($9.31) EPS. The company's revenue for the quarter was up 270.9% compared to the same quarter last year. As a group, sell-side analysts expect that United Airlines will post -13.23 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System raised its stake in United Airlines by 7.1% during the first quarter. California State Teachers Retirement System now owns 542,919 shares of the transportation company's stock valued at $31,240,000 after purchasing an additional 36,097 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of United Airlines by 2,048.5% in the first quarter. Federated Hermes Inc. now owns 269,878 shares of the transportation company's stock valued at $15,529,000 after acquiring an additional 257,317 shares during the period. Standard Life Aberdeen plc raised its stake in shares of United Airlines by 14.7% in the first quarter. Standard Life Aberdeen plc now owns 101,181 shares of the transportation company's stock valued at $5,822,000 after acquiring an additional 12,962 shares during the period. American International Group Inc. raised its stake in shares of United Airlines by 27.2% in the first quarter. American International Group Inc. now owns 118,070 shares of the transportation company's stock valued at $6,794,000 after acquiring an additional 25,219 shares during the period. Finally, Kestra Advisory Services LLC raised its stake in shares of United Airlines by 10.2% in the first quarter. Kestra Advisory Services LLC now owns 23,810 shares of the transportation company's stock valued at $1,370,000 after acquiring an additional 2,202 shares during the period. 62.16% of the stock is currently owned by institutional investors.
About United Airlines
United Airlines Holdings, Inc is a holding company, which offers satellite based Wi-Fi, including on long-haul overseas routes. It transports people and cargo throughout North America and to destinations in Asia, Europe, Africa, the Pacific, the Middle East and Latin America. UAL, through United and its regional carriers.
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