Raymond James Increases United Airlines (NASDAQ:UAL) Price Target to $70.00

United Airlines (NASDAQ:UAL - Get Free Report) had its price objective lifted by analysts at Raymond James from $66.00 to $70.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an "outperform" rating on the transportation company's stock. Raymond James' target price would suggest a potential upside of 36.13% from the company's previous close.

Other analysts have also issued reports about the company. Evercore ISI raised United Airlines from an "in-line" rating to an "outperform" rating and raised their price objective for the company from $58.00 to $65.00 in a report on Friday, February 9th. Susquehanna lifted their price target on United Airlines from $55.00 to $60.00 and gave the stock a "positive" rating in a research note on Thursday. UBS Group started coverage on United Airlines in a research note on Wednesday, March 20th. They issued a "neutral" rating and a $47.00 price target on the stock. Bank of America lifted their price target on United Airlines from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, TD Cowen lifted their price objective on United Airlines from $55.00 to $65.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 24th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, United Airlines has a consensus rating of "Moderate Buy" and a consensus target price of $66.53.

United Airlines Stock Performance

UAL stock traded up $2.68 during trading on Thursday, hitting $51.42. 38,625,511 shares of the company traded hands, compared to its average volume of 10,297,553. The stock's 50-day simple moving average is $44.09 and its 200 day simple moving average is $41.35. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.83 and a quick ratio of 0.76. The company has a market cap of $16.91 billion, a PE ratio of 6.33, a P/E/G ratio of 0.58 and a beta of 1.55. United Airlines has a 1 year low of $33.68 and a 1 year high of $58.23.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.61 by $0.39. United Airlines had a return on equity of 40.50% and a net margin of 4.90%. The company had revenue of $13.63 billion for the quarter, compared to analyst estimates of $13.55 billion. During the same period last year, the company earned $2.46 earnings per share. United Airlines's quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities analysts expect that United Airlines will post 9.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On United Airlines

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Czech National Bank grew its stake in United Airlines by 0.5% during the 1st quarter. Czech National Bank now owns 57,714 shares of the transportation company's stock worth $2,763,000 after purchasing an additional 271 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of United Airlines by 72.1% during the 4th quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company's stock worth $27,000 after acquiring an additional 274 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of United Airlines by 1.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 19,416 shares of the transportation company's stock worth $930,000 after acquiring an additional 287 shares in the last quarter. 180 Wealth Advisors LLC boosted its position in shares of United Airlines by 2.2% during the 1st quarter. 180 Wealth Advisors LLC now owns 13,847 shares of the transportation company's stock worth $663,000 after acquiring an additional 304 shares in the last quarter. Finally, New York Life Investment Management LLC boosted its position in shares of United Airlines by 0.7% during the 3rd quarter. New York Life Investment Management LLC now owns 45,927 shares of the transportation company's stock worth $1,943,000 after acquiring an additional 308 shares in 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, 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.