United Airlines (NASDAQ:UAL) Stock Price Expected to Rise, TD Cowen Analyst Says

United Airlines (NASDAQ:UAL) had its price target lifted by research analysts at TD Cowen from $100.00 to $125.00 in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the transportation company’s stock. TD Cowen’s target price points to a potential upside of 32.09% from the stock’s previous close.

Several other equities research analysts have also commented on the company. Jefferies Financial Group upped their price target on United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. The Goldman Sachs Group restated a “buy” rating and set a $119.00 price objective on shares of United Airlines in a research note on Friday, November 15th. Bank of America raised their target price on United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Barclays increased their price objective on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Susquehanna upped their price target on shares of United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $88.28.

United Airlines Trading Up 0.4 %

NASDAQ:UAL opened at $94.63 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. The stock has a fifty day simple moving average of $69.62 and a 200-day simple moving average of $55.35. United Airlines has a 52-week low of $37.02 and a 52-week high of $95.19. The company has a market capitalization of $31.12 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 1.08 and a beta of 1.39.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.23. The company had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same quarter last year, the business posted $3.65 earnings per share. On average, equities research analysts expect that United Airlines will post 10.23 earnings per share for the current fiscal year.

United Airlines declared that its Board of Directors has authorized a share repurchase plan on Tuesday, October 15th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the transportation company to buy up to 7.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Insider Activity at United Airlines

In other United Airlines news, EVP Torbjorn J. Enqvist sold 14,500 shares of United Airlines stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.00, for a total value of $1,044,000.00. Following the transaction, the executive vice president now directly owns 30,427 shares of the company’s stock, valued at $2,190,744. The trade was a 32.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kate Gebo sold 17,500 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the transaction, the executive vice president now owns 40,012 shares of the company’s stock, valued at approximately $3,218,565.28. The trade was a 30.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by insiders.

Institutional Trading of United Airlines

Several institutional investors have recently made changes to their positions in UAL. Geode Capital Management LLC lifted its holdings in United Airlines by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company’s stock valued at $477,526,000 after purchasing an additional 168,498 shares during the last quarter. MidWestOne Financial Group Inc. lifted its stake in shares of United Airlines by 28.0% during the third quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock valued at $3,064,000 after acquiring an additional 11,743 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of United Airlines by 24.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 5,165 shares of the transportation company’s stock valued at $295,000 after purchasing an additional 1,000 shares during the last quarter. Orion Portfolio Solutions LLC acquired a new stake in United Airlines during the 3rd quarter worth $218,000. Finally, XTX Topco Ltd increased its holdings in United Airlines by 177.6% in the third quarter. XTX Topco Ltd now owns 18,191 shares of the transportation company’s stock valued at $1,038,000 after purchasing an additional 11,639 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

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.