Zacks Research Analysts Decrease Earnings Estimates for United Airlines Holdings, Inc. (NASDAQ:UAL)

United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) - Equities research analysts at Zacks Research cut their Q3 2024 EPS estimates for United Airlines in a note issued to investors on Wednesday, May 1st. Zacks Research analyst M. Basu now expects that the transportation company will post earnings of $3.83 per share for the quarter, down from their prior estimate of $3.88. The consensus estimate for United Airlines' current full-year earnings is $9.93 per share. Zacks Research also issued estimates for United Airlines' Q4 2024 earnings at $1.88 EPS, FY2024 earnings at $9.50 EPS, Q3 2025 earnings at $3.23 EPS, Q4 2025 earnings at $1.11 EPS and FY2025 earnings at $10.54 EPS.

A number of other brokerages have also recently weighed in on UAL. Evercore ISI upgraded United Airlines from an "in-line" rating to an "outperform" rating and lifted their target price for the company from $58.00 to $65.00 in a report on Friday, February 9th. Morgan Stanley boosted their target price on United Airlines from $75.00 to $80.00 and gave the stock an "overweight" rating in a report on Thursday, April 18th. Bank of America lifted their price target on shares of United Airlines from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, April 18th. UBS Group initiated coverage on shares of United Airlines in a research report on Wednesday, March 20th. They issued a "neutral" rating and a $47.00 price objective for the company. Finally, Redburn Atlantic lowered shares of United Airlines from a "buy" rating to a "neutral" rating and set a $50.00 target price on the stock. in a report on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, United Airlines currently has an average rating of "Moderate Buy" and a consensus target price of $66.53.

United Airlines Trading Up 4.5 %

Shares of NASDAQ UAL traded up $2.32 during trading on Monday, hitting $53.97. 8,711,561 shares of the company traded hands, compared to its average volume of 10,249,930. The firm has a market capitalization of $17.75 billion, a P/E ratio of 6.67, a P/E/G ratio of 0.51 and a beta of 1.49. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 2.52. The company has a 50-day moving average price of $46.50 and a 200-day moving average price of $42.52. United Airlines has a 1 year low of $33.68 and a 1 year high of $58.23.

Insider Transactions at United Airlines

In other news, EVP Kate Gebo sold 15,000 shares of United Airlines stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $50.86, for a total value of $762,900.00. Following the completion of the transaction, the executive vice president now owns 57,512 shares in the company, valued at approximately $2,925,060.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.63% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UAL. BNP Paribas bought a new position in United Airlines during the 1st quarter worth $25,000. Fidelis Capital Partners LLC acquired a new stake in shares of United Airlines in the 1st quarter worth about $27,000. NBC Securities Inc. bought a new stake in United Airlines in the 3rd quarter valued at about $25,000. Loomis Sayles & Co. L P grew its position in United Airlines by 707.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company's stock worth $26,000 after purchasing an additional 545 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of United Airlines during the fourth quarter valued at approximately $27,000. 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.