Susquehanna Boosts United Airlines (NASDAQ:UAL) Price Target to $70.00

United Airlines (NASDAQ:UAL) had its price objective hoisted by analysts at Susquehanna from $60.00 to $70.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “positive” rating on the transportation company’s stock. Susquehanna’s price objective would suggest a potential upside of 15.00% from the stock’s current price.

Other equities analysts have also issued reports about the stock. TD Cowen lifted their target price on shares of United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Jefferies Financial Group lifted their price objective on United Airlines from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, United Airlines currently has an average rating of “Moderate Buy” and an average target price of $74.32.

United Airlines Stock Up 1.4 %

UAL stock traded up $0.86 during midday trading on Wednesday, hitting $60.87. The stock had a trading volume of 497,052 shares, compared to its average volume of 8,470,520. The business has a 50-day moving average of $47.33 and a two-hundred day moving average of $48.64. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.77 and a quick ratio of 0.71. The firm has a market cap of $20.02 billion, a price-to-earnings ratio of 7.52, a price-to-earnings-growth ratio of 1.23 and a beta of 1.44. United Airlines has a 52-week low of $33.68 and a 52-week high of $61.62.

United Airlines (NASDAQ:UAL) last released its earnings results on Wednesday, July 17th. The transportation company reported $4.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.97 by $0.17. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The firm had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $15.04 billion. During the same period in the prior year, the firm earned $5.03 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. As a group, equities research analysts forecast that United Airlines will post 9.8 earnings per share for the current fiscal year.

Institutional Trading of United Airlines

A number of institutional investors have recently made changes to their positions in UAL. Wahed Invest LLC raised its holdings in shares of United Airlines by 13.7% during the first quarter. Wahed Invest LLC now owns 1,591 shares of the transportation company’s stock valued at $76,000 after purchasing an additional 192 shares during the last quarter. Mather Group LLC. lifted its holdings in shares of United Airlines by 26.6% during the 2nd quarter. Mather Group LLC. now owns 1,174 shares of the transportation company’s stock valued at $56,000 after buying an additional 247 shares during the period. UMB Bank n.a. boosted its stake in shares of United Airlines by 59.7% in the 2nd quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock worth $33,000 after buying an additional 255 shares during the last quarter. Czech National Bank grew its holdings in shares of United Airlines by 0.5% in the first quarter. Czech National Bank now owns 57,714 shares of the transportation company’s stock worth $2,763,000 after acquiring an additional 271 shares during the period. Finally, XML Financial LLC increased its position in United Airlines by 2.3% during the first quarter. XML Financial LLC now owns 11,970 shares of the transportation company’s stock valued at $573,000 after acquiring an additional 272 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

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.