Susquehanna Issues Positive Forecast for United Airlines (NASDAQ:UAL) Stock Price

United Airlines (NASDAQ:UAL - Free Report) had its target price upped by Susquehanna from $85.00 to $120.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a positive rating on the transportation company's stock.

Several other analysts have also issued reports on UAL. Bank of America increased their price target on shares of United Airlines from $70.00 to $84.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. Jefferies Financial Group lifted their price objective on United Airlines from $75.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Melius Research raised United Airlines to a "strong-buy" rating in a research report on Monday, December 2nd. Barclays lifted their price target on shares of United Airlines from $75.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Finally, Sanford C. Bernstein upped their target price on shares of United Airlines from $68.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, October 17th. One research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $104.68.

United Airlines Price Performance

NASDAQ UAL traded up $2.64 on Tuesday, hitting $101.21. 4,988,692 shares of the company were exchanged, compared to its average volume of 4,906,120. The firm has a 50 day moving average of $93.47 and a two-hundred day moving average of $65.78. The company has a market cap of $33.29 billion, a P/E ratio of 12.21, a P/E/G ratio of 1.12 and a beta of 1.44. United Airlines has a 1-year low of $37.02 and a 1-year high of $105.09. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, topping analysts' consensus estimates of $3.10 by $0.23. The business had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. During the same period last year, the business posted $3.65 earnings per share. On average, equities analysts predict that United Airlines will post 10.27 EPS for the current year.

United Airlines declared that its board has approved a stock buyback plan on Tuesday, October 15th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its stock is undervalued.

Insider Activity

In related news, EVP Linda P. Jojo sold 60,000 shares of the company's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the transaction, the executive vice president now directly owns 63,599 shares of the company's stock, valued at approximately $6,049,536.88. The trade was a 48.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the transaction, the executive vice president now owns 30,427 shares in the company, valued at approximately $2,190,744. This trade represents a 32.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 92,000 shares of company stock valued at $8,158,900. 0.63% of the stock is currently owned by insiders.

Institutional Investors Weigh In On United Airlines

A number of hedge funds have recently made changes to their positions in the company. State Street Corp grew its holdings in shares of United Airlines by 0.8% during the third quarter. State Street Corp now owns 10,320,253 shares of the transportation company's stock worth $588,874,000 after buying an additional 78,470 shares in the last quarter. Sanders Capital LLC boosted its holdings in United Airlines by 12.4% in the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company's stock valued at $539,650,000 after purchasing an additional 1,040,589 shares during the period. Geode Capital Management LLC raised its position in shares of United Airlines by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company's stock valued at $477,526,000 after buying an additional 168,498 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of United Airlines by 29.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company's stock valued at $272,559,000 after purchasing an additional 1,263,604 shares during the last quarter. Finally, Castle Hook Partners LP grew its stake in shares of United Airlines by 176.1% in the third quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company's stock worth $242,227,000 after purchasing an additional 2,707,442 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.

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. 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.