United Airlines (NASDAQ:UAL) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan Chase & Co. has increased its price target for United Airlines from $122.00 to $149.00, indicating a potential upside of 36.25% from the current stock price.
• United Airlines reported $3.87 earnings per share for the last quarter, surpassing analysts' expectations of $3.81, with a 1.4% revenue growth compared to the previous year.
• Currently, United Airlines has an average rating of "Buy" from analysts, with several firms raising their target prices recently, though one analyst downgraded the stock to a "Hold" rating.

United Airlines (NASDAQ:UAL - Get Free Report) had its price target upped by stock analysts at JPMorgan Chase & Co. from $122.00 to $149.00 in a research report issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the transportation company's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 36.25% from the stock's current price.

Other research analysts also recently issued reports about the company. TD Cowen lifted their target price on United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Wall Street Zen downgraded United Airlines from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Bank of America upped their price objective on United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Susquehanna increased their target price on United Airlines from $81.00 to $109.00 and gave the company a "positive" rating in a research report on Tuesday, July 15th. Finally, UBS Group raised their target price on United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, United Airlines currently has an average rating of "Buy" and an average price target of $112.57.

United Airlines Trading Up 1.7%

NASDAQ UAL opened at $109.36 on Friday. The firm has a market cap of $35.40 billion, a P/E ratio of 10.96, a P/E/G ratio of 1.39 and a beta of 1.47. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65. The stock's 50-day moving average is $95.29 and its 200-day moving average is $82.23. United Airlines has a one year low of $47.46 and a one year high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its earnings results 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 return on equity of 30.09% and a net margin of 5.71%.The business had revenue of $15.24 billion for the quarter, compared to analyst estimates of $15.31 billion. During the same quarter last year, the firm earned $4.14 EPS. United Airlines's revenue for the quarter was up 1.4% compared to the same quarter last year. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Sell-side analysts anticipate that United Airlines will post 12.96 earnings per share for the current fiscal year.

Insider Activity at United Airlines

In related news, Director Barney Harford sold 9,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $97.76, for a total transaction of $879,840.00. Following the completion of the sale, the director directly owned 80,000 shares of the company's stock, valued at approximately $7,820,800. This trade represents a 10.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Brett J. Hart sold 24,772 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $89.50, for a total value of $2,217,094.00. Following the sale, the president directly owned 283,638 shares of the company's stock, valued at $25,385,601. The trade was a 8.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,791 shares of company stock valued at $9,992,318 in the last ninety days. Insiders own 0.71% of the company's stock.

Institutional Trading of United Airlines

A number of large investors have recently bought and sold shares of UAL. Rosenberg Matthew Hamilton grew its position in shares of United Airlines by 14.2% in the second quarter. Rosenberg Matthew Hamilton now owns 935 shares of the transportation company's stock valued at $74,000 after purchasing an additional 116 shares in the last quarter. Pinnacle Associates Ltd. lifted its stake in United Airlines by 1.1% during the second quarter. Pinnacle Associates Ltd. now owns 10,286 shares of the transportation company's stock worth $819,000 after purchasing an additional 116 shares during the last quarter. AXA S.A. lifted its stake in United Airlines by 0.8% during the second quarter. AXA S.A. now owns 15,465 shares of the transportation company's stock worth $1,231,000 after purchasing an additional 121 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in United Airlines by 8.8% during the second quarter. Parkside Financial Bank & Trust now owns 1,759 shares of the transportation company's stock worth $140,000 after purchasing an additional 143 shares during the last quarter. Finally, Wedbush Securities Inc. lifted its stake in shares of United Airlines by 3.3% in the 1st quarter. Wedbush Securities Inc. now owns 4,651 shares of the transportation company's stock valued at $321,000 after acquiring an additional 147 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

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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