United Airlines (NASDAQ:UAL) Price Target Raised to $108.00 at Bank of America

United Airlines (NASDAQ:UAL - Get Free Report) had its price objective hoisted by analysts at Bank of America from $90.00 to $108.00 in a report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the transportation company's stock. Bank of America's target price indicates a potential upside of 19.23% from the stock's previous close.

UAL has been the subject of a number of other reports. Jefferies Financial Group decreased their price target on United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Wall Street Zen lowered shares of United Airlines from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 7th. TD Cowen upped their price objective on shares of United Airlines from $73.00 to $88.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Susquehanna reaffirmed a "positive" rating on shares of United Airlines in a research report on Tuesday. Finally, Barclays upped their price objective on shares of United Airlines from $94.00 to $100.00 and gave the stock an "overweight" rating in a research report on Tuesday. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $105.86.

United Airlines Stock Performance

Shares of UAL traded down $0.64 during mid-day trading on Friday, hitting $90.58. 1,599,514 shares of the company's stock were exchanged, compared to its average volume of 8,399,515. United Airlines has a 52 week low of $37.02 and a 52 week high of $116.00. The stock's 50-day simple moving average is $79.81 and its 200-day simple moving average is $84.05. The firm has a market cap of $29.58 billion, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 1.48 and a beta of 1.42. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 1.93.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.81 by $0.06. United Airlines had a net margin of 5.71% and a return on equity of 30.79%. The business had revenue of $15.24 billion for the quarter, compared to analysts' expectations of $15.31 billion. During the same period last year, the firm posted $4.14 earnings per share. The firm's quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities research analysts expect that United Airlines will post 12.96 EPS for the current year.

Institutional Trading of United Airlines

Several institutional investors and hedge funds have recently made changes to their positions in UAL. Proficio Capital Partners LLC bought a new stake in United Airlines in the 4th quarter worth $137,000. Natixis Advisors LLC grew its holdings in United Airlines by 5.4% in the 4th quarter. Natixis Advisors LLC now owns 90,301 shares of the transportation company's stock worth $8,768,000 after acquiring an additional 4,621 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in United Airlines in the 4th quarter worth $804,000. Cibc World Markets Corp grew its holdings in United Airlines by 45.1% in the 4th quarter. Cibc World Markets Corp now owns 36,985 shares of the transportation company's stock worth $3,591,000 after acquiring an additional 11,496 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of United Airlines by 7.4% in the 4th quarter. Parallel Advisors LLC now owns 4,970 shares of the transportation company's stock worth $483,000 after purchasing an additional 342 shares during the period. Hedge funds and other institutional investors own 69.69% of the company's stock.

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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