Shares of United Airlines Holdings, Inc. (NASDAQ:UAL) have earned an average recommendation of "Hold" from the twenty-two brokerages that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $51.73.
Several equities research analysts recently weighed in on UAL shares. JPMorgan Chase & Co. upgraded United Airlines from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $44.00 to $52.00 in a research report on Wednesday, October 7th. Goldman Sachs Group boosted their target price on United Airlines from $40.00 to $61.00 and gave the stock a "buy" rating in a report on Monday, June 29th. BidaskClub downgraded United Airlines from a "sell" rating to a "strong sell" rating in a report on Friday, October 16th. Zacks Investment Research downgraded United Airlines from a "hold" rating to a "sell" rating and set a $38.00 price target on the stock. in a report on Thursday, September 10th. Finally, ValuEngine raised United Airlines from a "buy" rating to a "strong-buy" rating in a report on Thursday, July 2nd.
In other news, Director Edward Shapiro sold 157,707 shares of the company's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $33.26, for a total value of $5,245,334.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.40% of the company's stock.
A number of institutional investors have recently made changes to their positions in the stock. Retirement Systems of Alabama boosted its stake in United Airlines by 8.6% during the third quarter. Retirement Systems of Alabama now owns 117,282 shares of the transportation company's stock valued at $4,076,000 after buying an additional 9,245 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in United Airlines by 15.2% during the third quarter. Nisa Investment Advisors LLC now owns 39,421 shares of the transportation company's stock valued at $1,370,000 after buying an additional 5,200 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in United Airlines during the third quarter valued at approximately $468,000. Gateway Investment Advisers LLC boosted its stake in United Airlines by 22.2% during the third quarter. Gateway Investment Advisers LLC now owns 236,443 shares of the transportation company's stock valued at $8,216,000 after buying an additional 42,936 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in United Airlines by 35.8% during the third quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the transportation company's stock valued at $514,000 after buying an additional 3,900 shares during the last quarter. 60.61% of the stock is owned by institutional investors.
UAL opened at $35.54 on Thursday. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.55 and a current ratio of 1.04. United Airlines has a 52-week low of $17.80 and a 52-week high of $95.16. The stock has a market capitalization of $9.94 billion, a PE ratio of -2.16 and a beta of 1.51. The stock's 50 day moving average price is $35.97 and its 200-day moving average price is $32.76.
United Airlines (NASDAQ:UAL) last posted its earnings results on Wednesday, October 14th. The transportation company reported ($8.16) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($7.63) by ($0.53). United Airlines had a negative net margin of 19.85% and a negative return on equity of 54.29%. The business had revenue of $2.49 billion for the quarter, compared to analysts' expectations of $2.54 billion. During the same period last year, the firm posted $4.07 earnings per share. United Airlines's quarterly revenue was down 78.1% on a year-over-year basis. Research analysts forecast that United Airlines will post -24.86 EPS for the current fiscal year.
About United Airlines
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. It transports people and cargo through its mainline and regional fleets. As of February 28, 2020, the company operated approximately 791 mainline aircraft.
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