Citigroup Increases United Airlines (NASDAQ:UAL) Price Target to $96.00

United Airlines (NASDAQ:UALGet Free Report) had its target price boosted by stock analysts at Citigroup from $80.00 to $96.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Citigroup’s price objective indicates a potential upside of 86.99% from the stock’s current price.

Several other equities analysts have also commented on UAL. UBS Group started coverage on shares of United Airlines in a research report on Wednesday, March 20th. They set a “neutral” rating and a $47.00 price target for the company. StockNews.com raised shares of United Airlines from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Raymond James upped their price target on shares of United Airlines from $66.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. HSBC started coverage on shares of United Airlines in a research report on Monday, May 13th. They set a “buy” rating and a $69.20 price target for the company. Finally, Susquehanna upped their price target on shares of United Airlines from $55.00 to $60.00 and gave the stock a “positive” rating in a research report on Thursday, April 18th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $69.72.

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United Airlines Stock Performance

NASDAQ:UAL opened at $51.34 on Wednesday. The firm has a 50 day simple moving average of $49.71 and a 200-day simple moving average of $44.57. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.75 and a quick ratio of 0.69. The firm has a market cap of $16.88 billion, a PE ratio of 6.35, a P/E/G ratio of 0.50 and a beta of 1.49. United Airlines has a 1-year low of $33.68 and a 1-year high of $58.23.

United Airlines (NASDAQ:UALGet Free Report) last posted its quarterly earnings data on Tuesday, April 16th. The transportation company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.38. The business had revenue of $12.54 billion during the quarter, compared to analyst estimates of $12.43 billion. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. On average, equities analysts expect that United Airlines will post 9.93 EPS for the current year.

Insider Activity

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UAL. NBC Securities Inc. bought a new position in United Airlines during the 3rd quarter valued at $25,000. BNP Paribas bought a new position in United Airlines during the 1st quarter valued at $25,000. Loomis Sayles & Co. L P boosted its stake in United Airlines by 707.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 545 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in 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 acquiring an additional 274 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new position in United Airlines during the 4th quarter valued at $27,000. 69.69% of the stock is currently owned by institutional investors.

United Airlines Company Profile

(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, flight academy, and maintenance services for third parties.

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