Bank of America Has Lowered Expectations for United Airlines (NASDAQ:UAL) Stock Price

United Airlines (NASDAQ:UAL) had its target price cut by stock analysts at Bank of America from $125.00 to $110.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Bank of America‘s price objective would indicate a potential upside of 57.37% from the stock’s current price.

Other analysts also recently issued reports about the company. Susquehanna restated a “hold” rating on shares of United Airlines in a research report on Tuesday, February 25th. Dbs Bank upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. UBS Group upped their price objective on United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Morgan Stanley upped their price objective on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Barclays increased their target price on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $114.95.

United Airlines Stock Down 3.5 %

UAL opened at $69.90 on Wednesday. The business’s fifty day moving average is $99.88 and its two-hundred day moving average is $83.84. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The company has a market cap of $22.88 billion, a price-to-earnings ratio of 7.41, a PEG ratio of 0.67 and a beta of 1.41. United Airlines has a one year low of $37.02 and a one year high of $116.00.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. The company had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. United Airlines’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.00 earnings per share. Analysts anticipate that United Airlines will post 12.96 EPS for the current fiscal year.

Institutional Investors Weigh In On United Airlines

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust acquired a new stake in shares of United Airlines in the fourth quarter valued at about $25,000. Hemington Wealth Management grew its stake in shares of United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after buying an additional 131 shares in the last quarter. Capital A Wealth Management LLC acquired a new stake in shares of United Airlines in the fourth quarter valued at about $31,000. Roxbury Financial LLC acquired a new stake in shares of United Airlines in the fourth quarter valued at about $32,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of United Airlines in the fourth quarter valued at about $32,000. 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.