United Airlines Holdings Inc (NASDAQ:UAL) Receives Consensus Recommendation of "Buy" from Brokerages

Key Points

• United Airlines has received an average rating of "Buy" from sixteen research firms, with an estimated target price of $111.43 for the next year.
• Recent insider trading shows sales by executives, with EVP Kate Gebo selling nearly 30,000 shares and President Brett Hart selling around 24,000 shares at average prices of $97.59 and $89.50 respectively.
• The company's latest earnings report showed $3.87 earnings per share, exceeding estimates, with year-over-year revenue growth of 1.4%.

United Airlines Holdings Inc (NASDAQ:UAL - Get Free Report) has been assigned an average rating of "Buy" from the sixteen research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $111.4286.

UAL has been the topic of a number of recent analyst reports. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of United Airlines in a research note on Tuesday, May 13th. UBS Group increased their price target on shares of United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a research report on Tuesday, July 15th. TD Cowen increased their price target on shares of United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Cowen reiterated a "buy" rating on shares of United Airlines in a research report on Tuesday, July 15th. Finally, Barclays reiterated an "overweight" rating and set a $100.00 price target (up from $94.00) on shares of United Airlines in a research report on Tuesday, July 15th.

Insider Buying and Selling at United Airlines

In other United Airlines news, EVP Kate Gebo sold 29,953 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 45,496 shares in the company, valued at $4,439,954.64. This trade represents a 39.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Brett J. Hart sold 24,772 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $89.50, for a total transaction of $2,217,094.00. Following the transaction, the president owned 283,638 shares in the company, valued at $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. Over the last three months, insiders sold 106,791 shares of company stock valued at $9,992,318. 0.63% of the stock is currently owned by corporate insiders.

Institutional Trading of United Airlines

A number of institutional investors have recently made changes to their positions in UAL. Comerica Bank lifted its stake in United Airlines by 13.5% in the fourth quarter. Comerica Bank now owns 62,154 shares of the transportation company's stock worth $6,035,000 after acquiring an additional 7,403 shares during the period. Bison Wealth LLC purchased a new position in United Airlines during the fourth quarter valued at $246,000. Mercer Global Advisors Inc. ADV increased its holdings in shares of United Airlines by 5.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 70,779 shares of the transportation company's stock valued at $6,873,000 after acquiring an additional 3,450 shares in the last quarter. Aptus Capital Advisors LLC bought a new position in shares of United Airlines during the fourth quarter valued at $221,000. Finally, Beck Bode LLC bought a new position in shares of United Airlines during the fourth quarter valued at $15,751,000. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Trading Down 0.1%

Shares of UAL opened at $105.00 on Monday. The firm's 50 day simple moving average is $90.36 and its 200 day simple moving average is $81.68. The company has a market capitalization of $33.99 billion, a P/E ratio of 10.52, a P/E/G ratio of 1.36 and a beta of 1.47. 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 has a 1-year low of $41.63 and a 1-year high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share for the quarter, beating analysts' consensus estimates of $3.81 by $0.06. The business 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%. United Airlines's quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $4.14 earnings per share. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Sell-side analysts forecast 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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