United Airlines (NASDAQ:UAL) Trading Down 4.1% - Here's Why

United Airlines Holdings Inc (NASDAQ:UAL - Get Free Report) dropped 4.1% on Friday . The stock traded as low as $88.39 and last traded at $87.93. Approximately 1,446,442 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 7,710,108 shares. The stock had previously closed at $91.67.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Susquehanna decreased their target price on United Airlines from $90.00 to $81.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. UBS Group lowered their price objective on United Airlines from $105.00 to $103.00 and set a "buy" rating on the stock in a research report on Monday, July 7th. Bank of America cut their target price on United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Jefferies Financial Group decreased their price target on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Finally, Raymond James Financial lowered shares of United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $104.50.

United Airlines Price Performance

The stock has a fifty day moving average of $78.78 and a two-hundred day moving average of $84.13. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $29.05 billion, a price-to-earnings ratio of 8.11, a PEG ratio of 1.47 and a beta of 1.42.

United Airlines (NASDAQ:UAL - Get Free Report) last announced 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 return on equity of 32.90% and a net margin of 6.34%. The company had revenue of $13.21 billion during the quarter, compared to analyst estimates of $13.47 billion. As a group, equities research analysts forecast that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Institutional Trading of United Airlines

A number of hedge funds and other institutional investors have recently modified their holdings of UAL. Capital A Wealth Management LLC acquired a new position in shares of United Airlines during the fourth quarter valued at $31,000. Murphy & Mullick Capital Management Corp bought a new position in shares of United Airlines in the 4th quarter valued at about $36,000. WPG Advisers LLC acquired a new stake in shares of United Airlines during the 1st quarter worth approximately $32,000. Hemington Wealth Management raised its stake in shares of United Airlines by 50.6% during the first quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock worth $32,000 after buying an additional 160 shares during the last quarter. Finally, Eastern Bank acquired a new position in United Airlines in the first quarter valued at approximately $35,000. Institutional investors and hedge funds 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.