United Airlines (NASDAQ:UAL) Shares Gap Down - Time to Sell?

United Airlines Holdings, Inc. (NASDAQ:UAL - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $77.43, but opened at $73.18. United Airlines shares last traded at $73.62, with a volume of 2,560,532 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on UAL shares. Susquehanna reduced their price target on shares of United Airlines from $90.00 to $81.00 and set a "positive" rating for the company in a report on Thursday, April 17th. Wall Street Zen downgraded shares of United Airlines from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 7th. TD Cowen increased their target price on United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Barclays reduced their price target on United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of United Airlines in a research report on Tuesday, May 13th. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, United Airlines presently has a consensus rating of "Buy" and an average target price of $104.64.

United Airlines Stock Performance

The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The company has a market cap of $25.64 billion, a PE ratio of 8.33, a P/E/G ratio of 0.67 and a beta of 1.45. The firm's 50-day simple moving average is $73.87 and its two-hundred day simple moving average is $86.65.

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 (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.16. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm had revenue of $13.21 billion for the quarter, compared to the consensus estimate of $13.47 billion. As a group, research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On United Airlines

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Wahed Invest LLC raised its holdings in shares of United Airlines by 5.4% during the fourth quarter. Wahed Invest LLC now owns 2,106 shares of the transportation company's stock worth $204,000 after purchasing an additional 108 shares during the last quarter. Metis Global Partners LLC raised its stake in shares of United Airlines by 2.0% during the 4th quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company's stock valued at $631,000 after buying an additional 129 shares during the last quarter. Bell Investment Advisors Inc lifted its holdings in shares of United Airlines by 60.3% in the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock valued at $35,000 after buying an additional 135 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of United Airlines by 3.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,702 shares of the transportation company's stock worth $359,000 after buying an additional 135 shares during the last quarter. Finally, Modera Wealth Management LLC boosted its position in United Airlines by 3.2% in the 4th quarter. Modera Wealth Management LLC now owns 4,442 shares of the transportation company's stock worth $431,000 after purchasing an additional 137 shares in the last quarter. Institutional investors and hedge funds 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.