United Airlines (NASDAQ:UAL) Downgraded by Wall Street Zen to Buy

United Airlines (NASDAQ:UAL - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Saturday.

A number of other research firms also recently issued reports on UAL. Evercore ISI dropped their target price on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Barclays dropped their target price on shares of United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Bank of America lowered their price objective on shares of United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Cowen reaffirmed a "buy" rating on shares of United Airlines in a research report on Tuesday, April 22nd. Finally, TD Cowen increased their price objective on shares of United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, United Airlines currently has an average rating of "Buy" and a consensus price target of $104.64.

United Airlines Trading Up 4.8%

NASDAQ UAL opened at $84.23 on Friday. The company has a 50-day moving average of $72.02 and a 200-day moving average of $87.35. The company has a market cap of $27.51 billion, a P/E ratio of 8.93, a P/E/G ratio of 0.67 and a beta of 1.45. United Airlines has a 12 month low of $37.02 and a 12 month high of $116.00. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.16. The firm had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. As a group, equities analysts predict that United Airlines will post 12.96 earnings per share for the current year.

Hedge Funds Weigh In On United Airlines

Several institutional investors and hedge funds have recently made changes to their positions in UAL. Blue Trust Inc. boosted its stake in shares of United Airlines by 25.0% during the 4th quarter. Blue Trust Inc. now owns 941 shares of the transportation company's stock valued at $91,000 after buying an additional 188 shares during the last quarter. abrdn plc boosted its stake in shares of United Airlines by 4.6% during the 4th quarter. abrdn plc now owns 57,694 shares of the transportation company's stock valued at $5,585,000 after buying an additional 2,528 shares during the last quarter. Mather Group LLC. boosted its stake in shares of United Airlines by 17.8% during the 4th quarter. Mather Group LLC. now owns 1,236 shares of the transportation company's stock valued at $120,000 after buying an additional 187 shares during the last quarter. Yousif Capital Management LLC boosted its stake in shares of United Airlines by 20.9% during the 4th quarter. Yousif Capital Management LLC now owns 49,131 shares of the transportation company's stock valued at $4,771,000 after buying an additional 8,499 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in United Airlines by 27.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,432 shares of the transportation company's stock worth $2,833,000 after purchasing an additional 6,056 shares during the last quarter. 69.69% of the stock is currently owned by hedge funds and other 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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