United Airlines - UAL Stock Forecast, Price & News

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, training, and maintenance services for third parties. The company was formerly known as United Continental Holdings, Inc. and changed its name to United Airlines Holdings, Inc. in June 2019. United Airlines Holdings, Inc. was incorporated in 1968 and is headquartered in Chicago, Illinois.

United Airlines Stock Performance

NASDAQ:UAL opened at $39.86 on Tuesday. The firm has a market cap of $13.02 billion, a PE ratio of -10.52 and a beta of 1.29. United Airlines has a fifty-two week low of $30.54 and a fifty-two week high of $54.52. The company has a debt-to-equity ratio of 7.41, a quick ratio of 0.99 and a current ratio of 1.04. The business has a 50 day moving average price of $38.01 and a 200-day moving average price of $42.20.

United Airlines (NASDAQ:UAL - Get Rating) last released its quarterly earnings data on Wednesday, July 20th. The transportation company reported $1.43 earnings per share for the quarter, missing analysts' consensus estimates of $1.77 by ($0.34). The company had revenue of $12.11 billion for the quarter, compared to analysts' expectations of $12.11 billion. United Airlines had a negative net margin of 3.43% and a negative return on equity of 38.92%. The business's revenue for the quarter was up 121.4% compared to the same quarter last year. During the same period last year, the company posted ($3.91) EPS. Equities research analysts predict that United Airlines will post 0.4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on UAL. The Goldman Sachs Group increased their price target on shares of United Airlines from $52.00 to $59.00 and gave the stock a "buy" rating in a report on Friday, April 22nd. Susquehanna cut shares of United Airlines from a "positive" rating to a "neutral" rating and set a $35.00 price objective on the stock. in a research report on Wednesday, August 3rd. Melius began coverage on shares of United Airlines in a research report on Monday. They issued a "buy" rating on the stock. Raymond James decreased their price objective on shares of United Airlines from $62.00 to $48.00 and set an "outperform" rating on the stock in a research report on Thursday, June 23rd. Finally, Cowen upped their price objective on shares of United Airlines from $78.00 to $86.50 and gave the stock an "outperform" rating in a research report on Friday, April 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, United Airlines presently has an average rating of "Hold" and a consensus price target of $53.47.

Insider Activity

In related news, Director Edward Shapiro acquired 50,000 shares of the company's stock in a transaction dated Monday, June 13th. The stock was purchased at an average price of $37.69 per share, with a total value of $1,884,500.00. Following the completion of the purchase, the director now owns 100,000 shares in the company, valued at approximately $3,769,000. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In other United Airlines news, Director Edward Shapiro purchased 50,000 shares of the company's stock in a transaction that occurred on Monday, June 13th. The stock was bought at an average price of $37.69 per share, with a total value of $1,884,500.00. Following the completion of the purchase, the director now directly owns 100,000 shares of the company's stock, valued at approximately $3,769,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Jonathan Roitman sold 13,939 shares of the firm's stock in a transaction on Tuesday, June 14th. The shares were sold at an average price of $36.85, for a total value of $513,652.15. Following the transaction, the chief operating officer now directly owns 13,938 shares of the company's stock, valued at approximately $513,615.30. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 100,000 shares of company stock valued at $3,910,500. 0.37% of the stock is currently owned by company insiders.