United Airlines Holdings, Inc. (NASDAQ:UAL) Receives Average Rating of “Buy” from Brokerages

United Airlines Holdings, Inc. (NASDAQ:UAL) has been given an average recommendation of “Buy” by the eighteen research firms that are presently covering the stock, Marketbeat Ratings reports. Sixteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $106.45.

Several research analysts recently issued reports on UAL shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 target price on shares of United Airlines in a research report on Friday, November 15th. Raymond James upped their target price on shares of United Airlines from $90.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, December 30th. Barclays raised their price target on shares of United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Morgan Stanley upped their price objective on shares of United Airlines from $88.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Citigroup lifted their target price on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th.

Insiders Place Their Bets

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the completion of the transaction, the executive vice president now owns 63,599 shares of the company’s stock, valued at $6,049,536.88. The trade was a 48.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kate Gebo sold 17,500 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the completion of the sale, the executive vice president now directly owns 40,012 shares in the company, 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. Company insiders own 0.63% of the company’s stock.

Institutional Trading of United Airlines

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Moody National Bank Trust Division grew its position in shares of United Airlines by 2.1% during the 4th quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock valued at $470,000 after purchasing an additional 98 shares in the last quarter. Diversify Advisory Services LLC grew its position in United Airlines by 2.2% during the fourth quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock worth $508,000 after buying an additional 101 shares in the last quarter. Huntington National Bank increased its stake in United Airlines by 10.8% in the 3rd quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock worth $75,000 after acquiring an additional 129 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of United Airlines by 25.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the transportation company’s stock valued at $69,000 after acquiring an additional 142 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of United Airlines by 13.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock valued at $94,000 after acquiring an additional 189 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

United Airlines Trading Up 1.2 %

NASDAQ:UAL opened at $107.38 on Friday. The company has a market cap of $35.32 billion, a PE ratio of 12.95, a PEG ratio of 0.98 and a beta of 1.44. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72. United Airlines has a one year low of $37.02 and a one year high of $110.92. The firm has a 50-day moving average of $97.73 and a 200-day moving average of $69.09.

United Airlines announced that its board has approved a stock buyback 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 repurchase up to 7.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

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.