United Airlines (NASDAQ:UAL) Price Target Lowered to $80.00 at Jefferies Financial Group

United Airlines (NASDAQ:UAL) had its price objective cut by Jefferies Financial Group from $154.00 to $80.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

UAL has been the subject of several other reports. UBS Group reduced their price objective on United Airlines from $140.00 to $107.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. Morgan Stanley raised their price target on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Melius Research raised shares of United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Bank of America reduced their target price on shares of United Airlines from $125.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, March 12th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $130.00 price target (up from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $111.75.

United Airlines Stock Down 1.2 %

UAL stock opened at $68.20 on Tuesday. The stock has a market capitalization of $22.32 billion, a PE ratio of 7.23, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. United Airlines has a 52 week low of $37.02 and a 52 week 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. The firm has a 50 day moving average of $91.91 and a 200 day moving average of $86.98.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business 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 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Sell-side analysts forecast that United Airlines will post 12.96 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Moody National Bank Trust Division lifted its stake in United Airlines by 2.1% in the 4th quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock valued at $470,000 after buying an additional 98 shares in the last quarter. Diversify Advisory Services LLC raised its holdings in shares of United Airlines by 2.2% during the fourth quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock valued at $508,000 after acquiring an additional 101 shares during the last quarter. Wahed Invest LLC lifted its position in shares of United Airlines by 5.4% in the fourth quarter. Wahed Invest LLC now owns 2,106 shares of the transportation company’s stock valued at $204,000 after acquiring an additional 108 shares in the last quarter. Metis Global Partners LLC boosted its stake in shares of United Airlines by 2.0% in the fourth quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company’s stock worth $631,000 after acquiring an additional 129 shares during the last quarter. Finally, Hemington Wealth Management increased its position in shares of United Airlines by 70.8% during 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 in the last quarter. 69.69% of the stock is 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.