United Airlines (NASDAQ:UAL) Lifted to C- at TheStreet

TheStreet upgraded shares of United Airlines (NASDAQ:UALGet Rating) from a d+ rating to a c- rating in a research note published on Tuesday, TheStreetRatingsTable reports.

UAL has been the topic of several other reports. BNP Paribas lowered shares of United Airlines from a neutral rating to an underperform rating and decreased their price objective for the stock from $38.00 to $33.00 in a research report on Thursday, July 7th. Evercore ISI reduced their target price on shares of United Airlines to $38.00 in a report on Friday, July 22nd. Citigroup reduced their target price on shares of United Airlines from $71.00 to $56.00 and set a buy rating on the stock in a report on Monday, July 25th. Raymond James reduced their target price on shares of United Airlines from $62.00 to $48.00 and set an outperform rating on the stock in a report on Thursday, June 23rd. Finally, Cowen reduced their target price on shares of United Airlines from $86.50 to $75.00 and set an outperform rating on the stock in a report on Friday, July 22nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, United Airlines currently has an average rating of Hold and an average price target of $53.47.

United Airlines Stock Down 4.6 %

UAL opened at $34.45 on Tuesday. The business has a 50 day moving average price of $37.73 and a two-hundred day moving average price of $40.81. United Airlines has a 52 week low of $30.54 and a 52 week high of $54.52. The company has a market cap of $11.26 billion, a PE ratio of -9.09 and a beta of 1.28. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 7.41.

United Airlines (NASDAQ:UALGet Rating) last posted its quarterly earnings results 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). United Airlines had a negative return on equity of 38.92% and a negative net margin of 3.43%. The company had revenue of $12.11 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same period last year, the company earned ($3.91) earnings per share. The business’s revenue for the quarter was up 121.4% compared to the same quarter last year. As a group, research analysts anticipate that United Airlines will post 0.44 EPS for the current year.

Insider Activity

In related news, Director Edward Shapiro bought 25,000 shares of the business’s stock in a transaction dated Monday, July 25th. The shares were acquired at an average price of $35.84 per share, for a total transaction of $896,000.00. Following the purchase, the director now owns 125,000 shares in the company, valued at approximately $4,480,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On United Airlines

Several institutional investors and hedge funds have recently bought and sold shares of UAL. Capital International Investors bought a new position in United Airlines in the 1st quarter worth about $351,299,000. Altimeter Capital Management LP bought a new position in United Airlines in the 1st quarter worth about $115,175,000. Neuberger Berman Group LLC grew its position in United Airlines by 35.7% in the 1st quarter. Neuberger Berman Group LLC now owns 5,505,255 shares of the transportation company’s stock worth $255,183,000 after purchasing an additional 1,448,947 shares during the last quarter. Ensign Peak Advisors Inc grew its position in United Airlines by 1,248.8% in the 1st quarter. Ensign Peak Advisors Inc now owns 1,474,058 shares of the transportation company’s stock worth $68,337,000 after purchasing an additional 1,364,768 shares during the last quarter. Finally, U S Global Investors Inc. grew its position in United Airlines by 17.4% in the 1st quarter. U S Global Investors Inc. now owns 8,690,336 shares of the transportation company’s stock worth $402,884,000 after purchasing an additional 1,286,491 shares during the last quarter. Institutional investors and hedge funds own 63.72% of the company’s stock.

United Airlines Company Profile

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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.

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Analyst Recommendations for United Airlines (NASDAQ:UAL)

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