United Airlines (NASDAQ:UAL) Lifted to Hold at StockNews.com

United Airlines (NASDAQ:UAL) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

A number of other research analysts have also issued reports on UAL. TD Cowen lifted their target price on United Airlines from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. UBS Group started coverage on United Airlines in a report on Wednesday, March 20th. They issued a “neutral” rating and a $47.00 target price for the company. Susquehanna decreased their target price on United Airlines from $60.00 to $55.00 and set a “positive” rating for the company in a report on Tuesday, April 9th. Evercore ISI upgraded United Airlines from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $58.00 to $65.00 in a report on Friday, February 9th. Finally, Redburn Atlantic lowered United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 target price for the company. in a report on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $66.53.

United Airlines Trading Down 0.1 %

UAL opened at $51.38 on Thursday. United Airlines has a 52 week low of $33.68 and a 52 week high of $58.23. The business has a fifty day simple moving average of $44.47 and a 200-day simple moving average of $41.49. The firm has a market cap of $16.89 billion, a P/E ratio of 6.35, a P/E/G ratio of 0.70 and a beta of 1.55. The company has a quick ratio of 0.76, a current ratio of 0.75 and a debt-to-equity ratio of 2.52.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.61 by $0.39. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. The business had revenue of $13.63 billion during the quarter, compared to analyst estimates of $13.55 billion. During the same period last year, the business posted $2.46 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities analysts expect that United Airlines will post 9.3 earnings per share for the current year.

Institutional Trading of United Airlines

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Kovack Advisors Inc. acquired a new stake in United Airlines in the first quarter valued at $266,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of United Airlines by 7.2% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 33,491 shares of the transportation company’s stock worth $1,604,000 after purchasing an additional 2,254 shares in the last quarter. tru Independence LLC increased its position in shares of United Airlines by 0.3% during the first quarter. tru Independence LLC now owns 118,230 shares of the transportation company’s stock worth $5,661,000 after purchasing an additional 353 shares in the last quarter. SteelPeak Wealth LLC acquired a new stake in shares of United Airlines during the first quarter worth about $219,000. Finally, Richardson Capital Management LLC acquired a new stake in shares of United Airlines during the first quarter worth about $37,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

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.