Susquehanna Raises United Airlines (NASDAQ:UAL) Price Target to $120.00

United Airlines (NASDAQ:UAL) had its price target hoisted by Susquehanna from $85.00 to $120.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price would indicate a potential upside of 15.70% from the company’s current price.

UAL has been the subject of several other research reports. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 price objective on shares of United Airlines in a research report on Friday, November 15th. Morgan Stanley increased their target price on shares of United Airlines from $88.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. TD Cowen increased their target price on United Airlines from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Sanford C. Bernstein increased their target price on United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Finally, UBS Group raised their price target on shares of United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, United Airlines presently has an average rating of “Buy” and a consensus price target of $104.68.

United Airlines Trading Up 2.5 %

UAL stock opened at $103.72 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95. The firm has a market cap of $34.11 billion, a P/E ratio of 12.51, a P/E/G ratio of 1.12 and a beta of 1.44. United Airlines has a 1-year low of $37.02 and a 1-year high of $105.09. The business’s 50 day moving average is $94.42 and its 200-day moving average is $66.42.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $14.76 billion. During the same period in the previous year, the business earned $3.65 earnings per share. Equities analysts anticipate that United Airlines will post 10.27 earnings per share for the current fiscal year.

United Airlines announced that its board has initiated a share repurchase program on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the transportation company to reacquire up to 7.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP Kate Gebo sold 17,500 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $80.44, for a total value of $1,407,700.00. Following the transaction, the executive vice president now owns 40,012 shares in the company, valued at approximately $3,218,565.28. This trade represents a 30.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the company’s stock in a transaction dated Thursday, October 17th. The stock was 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 directly owns 30,427 shares of the company’s stock, valued at $2,190,744. This represents a 32.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,000 shares of company stock valued at $8,158,900. Company insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Global Trust Asset Management LLC bought a new position in United Airlines in the third quarter valued at about $29,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of United Airlines in the second quarter valued at approximately $30,000. Armstrong Advisory Group Inc. bought a new position in shares of United Airlines during the third quarter valued at $36,000. Quest Partners LLC lifted its holdings in shares of United Airlines by 3,504.8% during the second quarter. Quest Partners LLC now owns 757 shares of the transportation company’s stock worth $37,000 after purchasing an additional 736 shares during the period. Finally, Blue Trust Inc. grew its position in shares of United Airlines by 108.6% in the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock valued at $43,000 after buying an additional 392 shares during the last quarter. 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.