United Airlines (NASDAQ:UAL) Upgraded at StockNews.com

United Airlines (NASDAQ:UAL) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Wednesday.

A number of other analysts have also weighed in on UAL. TD Cowen raised their target price on shares of United Airlines from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Raymond James raised their target price on shares of United Airlines from $66.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Redburn Atlantic lowered shares of United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 target price on the stock. in a research report on Tuesday, February 13th. Bank of America raised their target price on shares of United Airlines from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, UBS Group started coverage on shares of United Airlines in a report on Wednesday, March 20th. They set a “neutral” rating and a $47.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.53.

United Airlines Stock Up 0.2 %

Shares of UAL opened at $54.03 on Wednesday. United Airlines has a 12 month low of $33.68 and a 12 month high of $58.23. The firm’s 50 day moving average is $44.93 and its 200-day moving average is $41.67. The stock has a market capitalization of $17.77 billion, a PE ratio of 6.68, a P/E/G ratio of 0.52 and a beta of 1.55. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 2.52.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $13.55 billion. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted $2.46 earnings per share. Equities research analysts forecast that United Airlines will post 9.78 EPS for the current year.

Insider Buying and Selling

In related news, EVP Kate Gebo sold 15,000 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $50.86, for a total transaction of $762,900.00. Following the transaction, the executive vice president now directly owns 57,512 shares in the company, valued at $2,925,060.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.63% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UAL. Czech National Bank lifted its stake in shares of United Airlines by 0.5% during the 1st quarter. Czech National Bank now owns 57,714 shares of the transportation company’s stock valued at $2,763,000 after buying an additional 271 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of United Airlines by 72.1% during the 4th quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock valued at $27,000 after buying an additional 274 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of United Airlines by 1.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 19,416 shares of the transportation company’s stock valued at $930,000 after buying an additional 287 shares in the last quarter. 180 Wealth Advisors LLC lifted its stake in shares of United Airlines by 2.2% during the 1st quarter. 180 Wealth Advisors LLC now owns 13,847 shares of the transportation company’s stock valued at $663,000 after buying an additional 304 shares in the last quarter. Finally, New York Life Investment Management LLC lifted its stake in shares of United Airlines by 0.7% during the 3rd quarter. New York Life Investment Management LLC now owns 45,927 shares of the transportation company’s stock valued at $1,943,000 after buying an additional 308 shares in the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

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.