UBS Group Increases United Airlines (NASDAQ:UAL) Price Target to $131.00

Key Points

• UBS Group has raised United Airlines' price target from $114.00 to $131.00, suggesting a potential upside of 31.70% from its current stock price.
• United Airlines reported $3.87 EPS for the last quarter, surpassing analysts' expectations, although its revenue of $15.24 billion fell slightly short of estimates.
• Several research firms have differing ratings for United Airlines, with most analysts maintaining a Buy rating and a consensus target price of $113.79.

United Airlines (NASDAQ:UAL - Get Free Report) had its price objective hoisted by investment analysts at UBS Group from $114.00 to $131.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the transportation company's stock. UBS Group's price objective would indicate a potential upside of 31.70% from the stock's current price.

UAL has been the topic of several other research reports. Susquehanna upped their price target on United Airlines from $81.00 to $109.00 and gave the company a "positive" rating in a research note on Tuesday, July 15th. Wall Street Zen downgraded United Airlines from a "buy" rating to a "hold" rating in a report on Friday, July 18th. TD Cowen upped their target price on United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Evercore ISI reaffirmed an "outperform" rating and set a $105.00 price objective on shares of United Airlines in a research report on Thursday, July 17th. Finally, Bank of America lifted their price objective on United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $113.79.

United Airlines Stock Up 0.3%

NASDAQ UAL traded up $0.32 during trading on Friday, hitting $99.47. The company's stock had a trading volume of 597,361 shares, compared to its average volume of 7,579,848. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65. The company has a market cap of $32.20 billion, a PE ratio of 9.98, a P/E/G ratio of 1.32 and a beta of 1.47. The business's 50 day simple moving average is $98.94 and its 200-day simple moving average is $83.24. United Airlines has a fifty-two week low of $52.00 and a fifty-two week high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last released its earnings results on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, topping analysts' consensus estimates of $3.81 by $0.06. The firm had revenue of $15.24 billion during the quarter, compared to the consensus estimate of $15.31 billion. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.The company's revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.14 earnings per share. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. On average, equities analysts anticipate that United Airlines will post 12.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other United Airlines news, EVP Kate Gebo sold 29,953 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $97.59, for a total transaction of $2,923,113.27. Following the completion of the sale, the executive vice president directly owned 45,496 shares in the company, valued at $4,439,954.64. This represents a 39.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michelle Freyre sold 900 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $92.13, for a total transaction of $82,917.00. Following the completion of the sale, the director owned 829 shares of the company's stock, valued at approximately $76,375.77. The trade was a 52.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 106,791 shares of company stock valued at $9,992,318 in the last three months. Company insiders own 0.71% of the company's stock.

Institutional Trading of United Airlines

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in United Airlines by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 37,330,017 shares of the transportation company's stock valued at $2,972,589,000 after buying an additional 368,401 shares during the last quarter. State Street Corp boosted its position in United Airlines by 4.4% in the 2nd quarter. State Street Corp now owns 11,571,093 shares of the transportation company's stock valued at $921,406,000 after buying an additional 489,795 shares during the last quarter. Geode Capital Management LLC boosted its position in United Airlines by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 8,819,876 shares of the transportation company's stock valued at $704,994,000 after buying an additional 90,350 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in United Airlines by 2.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,010,293 shares of the transportation company's stock valued at $415,011,000 after buying an additional 125,284 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in United Airlines by 10,777.6% in the 1st quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company's stock valued at $349,953,000 after buying an additional 5,021,511 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.

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