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

Key Points

• United Airlines has received an average rating of "Buy" from 16 analysts, with a 12-month price target averaging $112.57.
• Recent insider transactions include EVP Torbjorn J. Enqvist selling 20,000 shares, resulting in a 24.28% decrease in his position.
• The company reported earnings of $3.87 per share in its latest quarterly report, exceeding analysts' expectations of $3.81.

Shares of United Airlines Holdings Inc (NASDAQ:UAL - Get Free Report) have earned an average rating of "Buy" from the sixteen analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $112.5714.

Several research analysts recently weighed in on UAL shares. Bank of America upped their price target on shares of United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Cowen restated a "buy" rating on shares of United Airlines in a research report on Tuesday, July 15th. Barclays reaffirmed an "overweight" rating and set a $100.00 price objective (up previously from $94.00) on shares of United Airlines in a research note on Tuesday, July 15th. TD Cowen upped their price objective on shares of United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $105.00 price objective on shares of United Airlines in a research note on Thursday, July 17th.

Insider Activity at United Airlines

In related news, EVP Torbjorn J. Enqvist sold 20,000 shares of the company's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $92.22, for a total transaction of $1,844,400.00. Following the completion of the sale, the executive vice president owned 62,358 shares of the company's stock, valued at approximately $5,750,654.76. This represents a 24.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kate Gebo sold 6,343 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $97.81, for a total transaction of $620,408.83. Following the sale, the executive vice president directly owned 69,106 shares of the company's stock, valued at approximately $6,759,257.86. This represents a 8.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,791 shares of company stock worth $9,992,318 in the last 90 days. 0.71% of the stock is owned by insiders.

Institutional Trading of United Airlines

Hedge funds have recently made changes to their positions in the company. Hemington Wealth Management grew its stake 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 valued at $32,000 after buying an additional 160 shares during the period. WPG Advisers LLC purchased a new stake in shares of United Airlines in the 1st quarter valued at approximately $32,000. Eastern Bank purchased a new stake in shares of United Airlines in the 1st quarter valued at approximately $35,000. Banque Transatlantique SA purchased a new stake in shares of United Airlines in the 1st quarter valued at approximately $35,000. Finally, Strategic Investment Solutions Inc. IL grew its stake in shares of United Airlines by 44.0% in the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 579 shares of the transportation company's stock valued at $46,000 after buying an additional 177 shares during the period. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Trading Down 2.2%

Shares of United Airlines stock opened at $99.15 on Friday. The firm has a 50-day simple moving average of $98.94 and a two-hundred day simple moving average of $83.24. The company has a market cap of $32.10 billion, a P/E ratio of 9.93, a price-to-earnings-growth ratio of 1.32 and a beta of 1.47. United Airlines has a fifty-two week low of $52.00 and a fifty-two week high of $116.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.65 and a current ratio of 0.70.

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

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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