United Airlines Holdings, Inc. (NASDAQ:UAL) Given Consensus Recommendation of “Moderate Buy” by Analysts

United Airlines Holdings, Inc. (NASDAQ:UAL) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $71.68.

A number of equities analysts have weighed in on UAL shares. TD Cowen lifted their price target 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. Citigroup upped their price objective on shares of United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Jefferies Financial Group upgraded shares of United Airlines from a “hold” rating to a “buy” rating and lifted their price target for the stock from $54.00 to $65.00 in a research note on Wednesday, May 29th. Finally, Redburn Atlantic upgraded United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Thursday, June 6th.

Hedge Funds Weigh In On United Airlines

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of United Airlines by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,161,931 shares of the transportation company’s stock valued at $55,634,000 after buying an additional 64,542 shares during the last quarter. Bessemer Group Inc. lifted its position in United Airlines by 47.4% in the first quarter. Bessemer Group Inc. now owns 5,471 shares of the transportation company’s stock worth $261,000 after purchasing an additional 1,759 shares during the period. Tidal Investments LLC lifted its holdings in shares of United Airlines by 16.4% during the 1st quarter. Tidal Investments LLC now owns 17,429 shares of the transportation company’s stock worth $835,000 after acquiring an additional 2,456 shares during the period. Jade Capital Advisors LLC acquired a new stake in United Airlines during the fourth quarter valued at approximately $7,145,000. Finally, Texas Permanent School Fund Corp boosted its stake in United Airlines by 1.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 67,719 shares of the transportation company’s stock valued at $3,242,000 after buying an additional 669 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Stock Performance

Shares of UAL opened at $50.22 on Monday. The company has a 50-day moving average of $44.38 and a two-hundred day moving average of $47.29. The stock has a market cap of $16.51 billion, a P/E ratio of 6.21, a PEG ratio of 1.04 and a beta of 1.43. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 2.07. United Airlines has a 12-month low of $33.68 and a 12-month high of $56.17.

United Airlines (NASDAQ:UAL) last released its earnings results on Wednesday, July 17th. The transportation company reported $4.14 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $15.04 billion. During the same period in the previous year, the company earned $5.03 EPS. United Airlines’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, research analysts predict that United Airlines will post 9.73 EPS for the current fiscal year.

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.