UBS Group Cuts United Airlines (NASDAQ:UAL) Price Target to $103.00

United Airlines (NASDAQ:UAL - Get Free Report) had its price objective decreased by stock analysts at UBS Group from $105.00 to $103.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the transportation company's stock. UBS Group's price objective would indicate a potential upside of 26.83% from the stock's previous close.

UAL has been the topic of a number of other reports. Susquehanna dropped their price objective on shares of United Airlines from $90.00 to $81.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. Cantor Fitzgerald set a $88.00 price target on United Airlines in a research note on Tuesday, April 22nd. Cowen reaffirmed a "buy" rating on shares of United Airlines in a research report on Tuesday, April 22nd. Finally, Wall Street Zen downgraded United Airlines from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 7th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, United Airlines has a consensus rating of "Buy" and a consensus price target of $104.50.

United Airlines Stock Up 0.1%

Shares of NASDAQ UAL traded up $0.10 during mid-day trading on Monday, hitting $81.21. The company had a trading volume of 5,440,609 shares, compared to its average volume of 7,672,874. The company has a market capitalization of $26.52 billion, a PE ratio of 7.40, a price-to-earnings-growth ratio of 1.39 and a beta of 1.42. The business's 50-day simple moving average is $77.83 and its 200 day simple moving average is $84.54. United Airlines has a 1-year low of $37.02 and a 1-year high of $116.00. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.78 and a quick ratio of 0.72.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.16. The company had revenue of $13.21 billion for the quarter, compared to the consensus estimate of $13.47 billion. United Airlines had a return on equity of 32.90% and a net margin of 6.34%. On average, analysts predict that United Airlines will post 12.96 earnings per share for the current year.

Hedge Funds Weigh In On United Airlines

Institutional investors have recently modified their holdings of the business. Wahed Invest LLC grew its stake in shares of United Airlines by 5.4% in the 4th quarter. Wahed Invest LLC now owns 2,106 shares of the transportation company's stock valued at $204,000 after purchasing an additional 108 shares during the last quarter. Bell Investment Advisors Inc lifted its holdings in shares of United Airlines by 60.3% during the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock worth $35,000 after purchasing an additional 135 shares during the period. EverSource Wealth Advisors LLC grew its position in United Airlines by 3.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,702 shares of the transportation company's stock valued at $359,000 after buying an additional 135 shares during the last quarter. Wedbush Securities Inc. grew its position in United Airlines by 3.3% in the 1st quarter. Wedbush Securities Inc. now owns 4,651 shares of the transportation company's stock valued at $321,000 after buying an additional 147 shares during the last quarter. Finally, Forum Financial Management LP increased its stake in United Airlines by 2.7% in the 4th quarter. Forum Financial Management LP now owns 5,723 shares of the transportation company's stock valued at $556,000 after buying an additional 148 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

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.