Susquehanna Boosts United Airlines (NASDAQ:UAL) Price Target to $85.00

United Airlines (NASDAQ:UAL) had its price target lifted by Susquehanna from $70.00 to $85.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a positive rating on the transportation company’s stock.

Other equities analysts have also issued research reports about the stock. Barclays lifted their target price on shares of United Airlines from $66.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday. Morgan Stanley raised their price objective on United Airlines from $80.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday. Jefferies Financial Group upped their target price on United Airlines from $69.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. TD Cowen raised their price objective on shares of United Airlines from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Bank of America lifted their price target on United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.51.

United Airlines Stock Up 1.1 %

UAL opened at $74.15 on Thursday. The company has a market cap of $24.38 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 0.94 and a beta of 1.44. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.71 and a current ratio of 0.77. United Airlines has a one year low of $33.68 and a one year high of $74.95. The business’s fifty day moving average is $51.38 and its two-hundred day moving average is $49.71.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.23. The company had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. During the same period in the prior year, the firm earned $3.65 EPS. Analysts anticipate that United Airlines will post 9.88 EPS for the current fiscal year.

United Airlines announced that its Board of Directors has approved a stock buyback program on Tuesday, October 15th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the transportation company to buy up to 7.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On United Airlines

Large investors have recently added to or reduced their stakes in the company. BNP Paribas bought a new stake in United Airlines during the first quarter worth about $25,000. Fidelis Capital Partners LLC bought a new stake in United Airlines during the first quarter worth $27,000. Strategic Investment Solutions Inc. IL bought a new position in shares of United Airlines in the 2nd quarter valued at about $30,000. Crewe Advisors LLC acquired a new position in shares of United Airlines during the 1st quarter worth about $32,000. Finally, GoalVest Advisory LLC acquired a new stake in United Airlines in the 1st quarter valued at about $33,000. 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.