United Airlines (NASDAQ:UAL - Get Free Report) updated its second quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 3.750-4.250 for the period, compared to the consensus earnings per share estimate of 3.710. The company issued revenue guidance of -.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. TD Cowen raised their price target on United Airlines from $55.00 to $65.00 and gave the stock an outperform rating in a research note on Wednesday, January 24th. Susquehanna raised 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. Evercore ISI upgraded United Airlines from an in-line rating to an outperform rating and raised their price target for the stock from $58.00 to $65.00 in a research note on Friday, February 9th. Morgan Stanley increased their price objective on United Airlines from $75.00 to $80.00 and gave the stock an overweight rating in a research report on Thursday. Finally, Redburn Atlantic cut United Airlines from a buy rating to a neutral rating and set a $50.00 price objective for the company. in a research report on Tuesday, February 13th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, United Airlines has an average rating of Moderate Buy and an average price target of $66.53.
Check Out Our Latest Stock Analysis on United Airlines
United Airlines Price Performance
NASDAQ UAL traded up $2.68 during mid-day trading on Thursday, hitting $51.42. The stock had a trading volume of 38,625,511 shares, compared to its average volume of 10,297,553. United Airlines has a 52-week low of $33.68 and a 52-week high of $58.23. The company has a market cap of $16.91 billion, a price-to-earnings ratio of 6.33, a P/E/G ratio of 0.58 and a beta of 1.55. The company has a 50 day simple moving average of $44.09 and a 200 day simple moving average of $41.35. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 2.70.
United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.39. The firm had revenue of $13.63 billion during the quarter, compared to the consensus estimate of $13.55 billion. United Airlines had a return on equity of 40.50% and a net margin of 4.90%. United Airlines's quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the business posted $2.46 EPS. Equities analysts forecast that United Airlines will post 9.46 EPS for the current fiscal year.
Institutional Investors Weigh In On United Airlines
Hedge funds and other institutional investors have recently made changes to their positions in the business. Clear Street Markets LLC grew its position in shares of United Airlines by 101.8% in the first quarter. Clear Street Markets LLC now owns 642 shares of the transportation company's stock valued at $28,000 after purchasing an additional 36,811 shares during the period. Groupama Asset Managment acquired a new position in United Airlines in the fourth quarter valued at $47,000. Coppell Advisory Solutions Corp. acquired a new position in United Airlines in the fourth quarter valued at $45,000. LM Advisors LLC acquired a new position in United Airlines in the fourth quarter valued at $50,000. Finally, Parkside Financial Bank & Trust lifted its stake in shares of United Airlines by 151.3% during the first quarter. Parkside Financial Bank & Trust now owns 1,606 shares of the transportation company's stock worth $74,000 after purchasing an additional 967 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.
About United Airlines
(
Get Free Report)
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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