Wolfe Research Upgrades United Airlines (NASDAQ:UAL) to Outperform

United Airlines (NASDAQ:UAL) was upgraded by equities research analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a report released on Friday, Marketbeat reports. The firm presently has a $76.00 price target on the transportation company’s stock. Wolfe Research’s price objective would indicate a potential upside of 38.26% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. HSBC started coverage on United Airlines in a research note on Monday, May 13th. They issued a “buy” rating and a $69.20 target price on the stock. Morgan Stanley boosted their price target on United Airlines from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Evercore ISI raised United Airlines from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $58.00 to $65.00 in a research report on Friday, February 9th. Raymond James boosted their price target on United Airlines from $66.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Finally, TD Cowen boosted their price target on United Airlines from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, United Airlines currently has a consensus rating of “Moderate Buy” and an average price target of $67.25.

United Airlines Trading Up 0.3 %

NASDAQ UAL opened at $54.97 on Friday. The stock’s 50-day moving average is $48.22 and its 200-day moving average is $43.66. United Airlines has a one year low of $33.68 and a one year high of $58.23. The firm has a market cap of $18.07 billion, a P/E ratio of 6.79, a P/E/G ratio of 0.54 and a beta of 1.49. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.75 and a quick ratio of 0.69.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, April 16th. The transportation company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.53) by $0.38. The firm had revenue of $12.54 billion for the quarter, compared to analysts’ expectations of $12.43 billion. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. Sell-side analysts anticipate that United Airlines will post 9.93 earnings per share for the current fiscal year.

Insider Buying and Selling at United Airlines

In other news, EVP Kate Gebo sold 15,000 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $50.86, for a total transaction of $762,900.00. Following the completion of the sale, the executive vice president now directly owns 57,512 shares in the company, valued at approximately $2,925,060.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.63% of the company’s stock.

Institutional Trading of United Airlines

A number of institutional investors have recently modified their holdings of the stock. Wahed Invest LLC lifted its position in shares of United Airlines by 13.7% during the 1st quarter. Wahed Invest LLC now owns 1,591 shares of the transportation company’s stock valued at $76,000 after acquiring an additional 192 shares during the period. Heartland Bank & Trust Co bought a new stake in shares of United Airlines during the 1st quarter worth $245,000. XML Financial LLC lifted its position in shares of United Airlines by 2.3% during the 1st quarter. XML Financial LLC now owns 11,970 shares of the transportation company’s stock worth $573,000 after buying an additional 272 shares during the last quarter. Comerica Bank lifted its position in shares of United Airlines by 8.3% during the 1st quarter. Comerica Bank now owns 52,457 shares of the transportation company’s stock worth $2,512,000 after buying an additional 4,002 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in shares of United Airlines by 16.4% during the 1st quarter. Tidal Investments LLC now owns 17,429 shares of the transportation company’s stock worth $835,000 after buying an additional 2,456 shares during the last quarter. 69.69% of the stock is currently owned by 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.