United Airlines Holdings Inc (NASDAQ:UAL) Given Average Rating of "Buy" by Brokerages

Shares of United Airlines Holdings Inc (NASDAQ:UAL - Get Free Report) have been given an average rating of "Buy" by the sixteen research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $104.50.

Several research firms have recently weighed in on UAL. TD Cowen boosted their price objective on shares of United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a report on Tuesday, April 22nd. Cowen reissued a "buy" rating on shares of United Airlines in a report on Tuesday, April 22nd. Wall Street Zen cut shares of United Airlines from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 7th. Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. Finally, Jefferies Financial Group decreased their price objective on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday, April 1st.

Hedge Funds Weigh In On United Airlines

A number of hedge funds have recently modified their holdings of UAL. Capital A Wealth Management LLC bought a new position in shares of United Airlines in the fourth quarter worth approximately $31,000. Hemington Wealth Management boosted its position in shares of United Airlines by 50.6% in the first quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock worth $32,000 after purchasing an additional 160 shares during the period. WPG Advisers LLC bought a new position in shares of United Airlines in the first quarter worth approximately $32,000. Eastern Bank bought a new position in shares of United Airlines during the first quarter worth $35,000. Finally, Banque Transatlantique SA bought a new position in shares of United Airlines during the first quarter worth $35,000. 69.69% of the stock is currently owned by institutional investors.

United Airlines Price Performance

UAL opened at $87.69 on Friday. The stock has a 50-day moving average price of $78.78 and a 200-day moving average price of $84.25. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.78 and a quick ratio of 0.72. The firm has a market cap of $28.64 billion, a PE ratio of 7.99, a P/E/G ratio of 1.47 and a beta of 1.42. United Airlines has a 1 year low of $37.02 and a 1 year high of $116.00.

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

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.

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