United Airlines (NASDAQ:UAL) Downgraded to Neutral at Redburn Atlantic

United Airlines (NASDAQ:UALGet Free Report) was downgraded by equities researchers at Redburn Atlantic from a “buy” rating to a “neutral” rating in a research report issued on Tuesday, Briefing.com reports. They presently have a $50.00 price objective on the transportation company’s stock. Redburn Atlantic’s price objective indicates a potential upside of 16.23% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. TD Cowen lifted their target price on shares of United Airlines from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. TheStreet cut shares of United Airlines from a “b-” rating to a “c+” rating in a research report on Tuesday, October 31st. Bank of America raised shares of United Airlines from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $40.00 to $56.00 in a research report on Tuesday, January 9th. JPMorgan Chase & Co. lifted their target price on shares of United Airlines from $93.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, October 19th. Finally, Susquehanna raised shares of United Airlines from a “neutral” rating to a “positive” rating and lifted their price target for the stock from $40.00 to $60.00 in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $66.47.

View Our Latest Research Report on United Airlines

United Airlines Stock Performance

Shares of UAL opened at $43.02 on Tuesday. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.83 and a quick ratio of 0.76. The stock has a 50-day moving average of $41.41 and a 200-day moving average of $42.81. The company has a market cap of $14.11 billion, a PE ratio of 5.46, a P/E/G ratio of 0.57 and a beta of 1.53. United Airlines has a one year low of $33.68 and a one year high of $58.23.

United Airlines (NASDAQ:UALGet Free Report) last released its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.39. The business had revenue of $13.63 billion during the quarter, compared to the consensus estimate of $13.55 billion. United Airlines had a return on equity of 41.01% and a net margin of 4.87%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.46 EPS. On average, equities research analysts predict that United Airlines will post 9.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Alberta Investment Management Corp purchased a new position in shares of United Airlines during the 4th quarter valued at $507,000. Scotia Capital Inc. purchased a new position in United Airlines in the fourth quarter worth $206,000. Jade Capital Advisors LLC purchased a new position in United Airlines in the fourth quarter worth $7,145,000. TFO Wealth Partners LLC grew its position in United Airlines by 34,342.9% in the fourth quarter. TFO Wealth Partners LLC now owns 2,411 shares of the transportation company’s stock worth $99,000 after acquiring an additional 2,404 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its position in United Airlines by 0.9% in the fourth quarter. Treasurer of the State of North Carolina now owns 153,660 shares of the transportation company’s stock worth $6,340,000 after acquiring an additional 1,437 shares in the last quarter. 70.37% of the stock is currently owned by hedge funds and other institutional investors.

About United Airlines

(Get Free Report)

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.

Further Reading

Analyst Recommendations for United Airlines (NASDAQ:UAL)

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