United Airlines (NASDAQ:UAL) Price Target Increased to $95.00 by Analysts at Jefferies Financial Group

United Airlines (NASDAQ:UAL) had its price objective boosted by Jefferies Financial Group from $75.00 to $95.00 in a research note released on Monday, Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

Several other research analysts have also recently weighed in on the company. Morgan Stanley boosted their price objective on United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Barclays boosted their price target on shares of United Airlines from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Susquehanna raised their price objective on shares of United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a report on Thursday, October 17th. TD Cowen boosted their target price on shares of United Airlines from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Finally, Bank of America raised their price target on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.94.

United Airlines Stock Performance

NASDAQ UAL opened at $74.00 on Monday. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.71. The company has a fifty day moving average price of $52.05 and a 200-day moving average price of $49.96. United Airlines has a 1 year low of $33.68 and a 1 year high of $74.96. The firm has a market cap of $24.34 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 0.98 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, beating the consensus estimate of $3.10 by $0.23. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The firm had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.76 billion. During the same quarter last year, the business posted $3.65 EPS. As a group, equities research analysts predict that United Airlines will post 10.05 EPS for the current fiscal year.

United Airlines announced that its Board of Directors has initiated a share repurchase program on Tuesday, October 15th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Transactions at United Airlines

In related news, EVP Torbjorn J. Enqvist sold 14,500 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the sale, the executive vice president now owns 30,427 shares of the company’s stock, valued at approximately $2,190,744. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.63% of the company’s stock.

Hedge Funds Weigh In On United Airlines

A number of institutional investors have recently added to or reduced their stakes in the business. BNP Paribas purchased a new position in shares of United Airlines during the first quarter worth approximately $25,000. Fidelis Capital Partners LLC purchased a new stake in United Airlines during the first quarter valued at about $27,000. Strategic Investment Solutions Inc. IL bought a new position in shares of United Airlines during the second quarter valued at about $30,000. Crewe Advisors LLC purchased a new stake in United Airlines during the 1st quarter valued at about $32,000. Finally, GoalVest Advisory LLC bought a new position in United Airlines during the 1st quarter worth approximately $33,000. 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.