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

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

Several other research analysts have also recently weighed in on the company. Morgan Stanley boosted their price objective on United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday. Jefferies Financial Group increased their price objective on United Airlines from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Bank of America boosted their price objective on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday. TD Cowen increased their price objective on United Airlines from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Barclays raised their target price on United Airlines from $66.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, United Airlines has a consensus rating of “Moderate Buy” and a consensus target price of $77.51.

United Airlines Trading Up 1.1 %

Shares of United Airlines stock opened at $74.15 on Thursday. 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 1 year low of $33.68 and a 1 year high of $74.95. The firm has a market capitalization of $24.38 billion, a PE ratio of 9.17, a price-to-earnings-growth ratio of 0.94 and a beta of 1.44. The firm’s 50 day moving average is $51.38 and its 200 day moving average is $49.71.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 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 posted $3.65 EPS. Equities research analysts forecast that United Airlines will post 9.88 earnings per share for the current fiscal year.

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

Institutional Inflows and Outflows

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