United Airlines Holdings Inc (NASDAQ:UAL) Receives Average Rating of "Buy" from Analysts

Key Points

• United Airlines Holdings Inc has received a consensus rating of "Buy" from analysts, with a price target averaging around $111.43.
• The company reported a quarterly earnings per share (EPS) of $3.87, exceeding analyst expectations and marking a 1.4% year-over-year revenue increase.
• Insider transactions show significant selling, with UAL directors and executives divesting a total of $4.14 million in shares over the last 90 days.

Shares of United Airlines Holdings Inc (NASDAQ:UAL - Get Free Report) have been given a consensus rating of "Buy" by the sixteen analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $111.4286.

A number of equities research analysts have commented on UAL shares. UBS Group raised their price target on United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, July 15th. Susquehanna lifted their target price on United Airlines from $81.00 to $109.00 and gave the company a "positive" rating in a research note on Tuesday, July 15th. Evercore ISI restated an "outperform" rating and issued a $105.00 price target on shares of United Airlines in a research note on Thursday, July 17th. Bank of America increased their price objective on shares of United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, Cantor Fitzgerald set a $88.00 target price on shares of United Airlines in a report on Tuesday, April 22nd.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $88.87 on Thursday. The company has a market capitalization of $28.77 billion, a P/E ratio of 8.90, a P/E/G ratio of 1.13 and a beta of 1.48. United Airlines has a 1-year low of $38.65 and a 1-year high of $116.00. The firm's 50 day simple moving average is $83.32 and its two-hundred day simple moving average is $82.85. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.81 by $0.06. The firm had revenue of $15.24 billion for the quarter, compared to the consensus estimate of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The company's revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm earned $4.14 EPS. Research analysts expect that United Airlines will post 12.96 EPS for the current fiscal year.

Insider Buying and Selling at United Airlines

In other news, Director Michelle Freyre sold 900 shares of United Airlines stock in a transaction on Monday, July 28th. The stock was sold at an average price of $92.13, for a total transaction of $82,917.00. Following the completion of the sale, the director directly owned 829 shares in the company, valued at approximately $76,375.77. This trade represents a 52.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Brett J. Hart sold 24,772 shares of the company's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $89.50, for a total transaction of $2,217,094.00. Following the completion of the transaction, the president owned 283,638 shares in the company, valued at approximately $25,385,601. The trade was a 8.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,672 shares of company stock worth $4,144,411 over the last 90 days. Company insiders own 0.71% of the company's stock.

Hedge Funds Weigh In On United Airlines

A number of hedge funds have recently added to or reduced their stakes in UAL. Capital A Wealth Management LLC purchased a new stake in United Airlines in the fourth quarter worth about $31,000. WPG Advisers LLC bought a new stake in shares of United Airlines in the 1st quarter valued at about $32,000. Hemington Wealth Management lifted its position in shares of United Airlines by 50.6% in the 1st 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. Eastern Bank bought a new position in shares of United Airlines during the first quarter valued at approximately $35,000. Finally, Banque Transatlantique SA purchased a new position in United Airlines during the first quarter valued at approximately $35,000. 69.69% of the stock is currently owned by institutional investors.

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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