TD Cowen Raises United Airlines (NASDAQ:UAL) Price Target to $88.00

United Airlines (NASDAQ:UAL - Get Free Report) had its target price boosted by TD Cowen from $73.00 to $88.00 in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage presently has a "buy" rating on the transportation company's stock. TD Cowen's target price indicates a potential upside of 29.03% from the stock's current price.

A number of other equities research analysts have also recently issued reports on UAL. Bank of America lowered their price objective on United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Barclays reduced their price objective on shares of United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Evercore ISI dropped their target price on United Airlines from $145.00 to $100.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. lifted their price target on United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a research report on Thursday, January 9th. Finally, Raymond James cut United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $96.60.

United Airlines Stock Performance

UAL stock traded down $0.85 during midday trading on Tuesday, hitting $68.20. The company's stock had a trading volume of 5,613,237 shares, compared to its average volume of 7,543,078. The stock's 50-day moving average price is $75.55 and its 200 day moving average price is $87.85. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The stock has a market cap of $22.27 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 0.67 and a beta of 1.19. 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 released its earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.16. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. On average, equities analysts forecast that United Airlines will post 12.96 EPS for the current year.

Hedge Funds Weigh In On United Airlines

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Jackson Hole Trust bought a new position in United Airlines in the fourth quarter valued at $25,000. Hemington Wealth Management lifted its position in United Airlines by 70.8% in the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock worth $30,000 after buying an additional 131 shares during the last quarter. Capital A Wealth Management LLC purchased a new stake in United Airlines in the fourth quarter worth approximately $31,000. Roxbury Financial LLC purchased a new position in shares of United Airlines during the fourth quarter worth approximately $32,000. Finally, Whipplewood Advisors LLC bought a new position in shares of United Airlines during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 69.69% of the company's stock.

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.