United Airlines Holdings, Inc. (NASDAQ:UAL) Receives $113.88 Average PT from Brokerages

United Airlines Holdings, Inc. (NASDAQ:UAL) has received an average recommendation of “Buy” from the seventeen brokerages that are presently covering the firm, MarketBeat.com reports. Fifteen equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $113.88.

A number of brokerages have recently issued reports on UAL. Jefferies Financial Group raised their price objective on United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Susquehanna lifted their target price on shares of United Airlines from $120.00 to $130.00 and gave the company a “positive” rating in a research note on Tuesday, February 4th. Citigroup increased their price objective on United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group reissued a “buy” rating and issued a $119.00 price target on shares of United Airlines in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $104.26 on Thursday. The firm has a market capitalization of $34.29 billion, a PE ratio of 11.06, a P/E/G ratio of 0.71 and a beta of 1.43. The company has a 50-day moving average price of $102.34 and a two-hundred day moving average price of $77.35. United Airlines has a twelve month low of $37.02 and a twelve month high of $116.00. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the previous year, the firm posted $2.00 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. Equities analysts forecast that United Airlines will post 13.09 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Linda P. Jojo sold 60,000 shares of the 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 sale, the executive vice president now owns 63,599 shares in the company, valued at approximately $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.63% of the company’s stock.

Hedge Funds Weigh In On United Airlines

Several hedge funds have recently modified their holdings of UAL. Bank of Jackson Hole Trust purchased a new stake in shares of United Airlines during the 4th quarter worth approximately $25,000. Hemington Wealth Management lifted its stake in United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after purchasing an additional 131 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in United Airlines during the 4th quarter valued at $32,000. Roxbury Financial LLC bought a new position in shares of United Airlines in the fourth quarter worth about $32,000. Finally, Bell Investment Advisors Inc increased its position in shares of United Airlines by 60.3% during the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock worth $35,000 after acquiring an additional 135 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

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.