United Airlines (NASDAQ:UAL) Given New $122.00 Price Target at Citigroup

United Airlines (NASDAQ:UAL) had its price target hoisted by stock analysts at Citigroup from $98.00 to $122.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Citigroup’s price target would suggest a potential upside of 26.62% from the stock’s previous close.

Other research analysts have also issued reports about the company. Jefferies Financial Group increased their price objective on United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. The Goldman Sachs Group reiterated a “buy” rating and set a $119.00 price target on shares of United Airlines in a report on Friday, November 15th. Sanford C. Bernstein raised their price objective on United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Morgan Stanley upped their target price on shares of United Airlines from $80.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, TD Cowen lifted their price target on shares of United Airlines from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, United Airlines has a consensus rating of “Moderate Buy” and a consensus target price of $96.15.

United Airlines Stock Down 0.2 %

NASDAQ UAL opened at $96.35 on Tuesday. The business’s fifty day simple moving average is $74.07 and its 200-day simple moving average is $56.85. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. The firm has a market cap of $31.69 billion, a PE ratio of 11.62, a P/E/G ratio of 1.15 and a beta of 1.39. United Airlines has a 52 week low of $37.02 and a 52 week high of $101.60.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.23. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The company had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.76 billion. During the same period in the previous year, the firm earned $3.65 earnings per share. As a group, equities analysts anticipate that United Airlines will post 10.23 earnings per share for the current year.

United Airlines declared that its Board of Directors has approved a share buyback program on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other news, EVP Kate Gebo sold 17,500 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.44, for a total value of $1,407,700.00. Following the completion of the sale, the executive vice president now directly owns 40,012 shares of the company’s stock, valued at approximately $3,218,565.28. The trade was a 30.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Linda P. Jojo sold 60,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total value of $5,707,200.00. Following the completion of the sale, the executive vice president now directly owns 63,599 shares of the company’s stock, valued at $6,049,536.88. The trade was a 48.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,000 shares of company stock worth $8,158,900. Company insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Global Trust Asset Management LLC acquired a new position in United Airlines during the third quarter worth $29,000. Strategic Investment Solutions Inc. IL purchased a new stake in United Airlines in the 2nd quarter valued at about $30,000. UMB Bank n.a. grew its stake in shares of United Airlines by 59.7% during the 2nd quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock valued at $33,000 after buying an additional 255 shares during the period. Armstrong Advisory Group Inc. acquired a new stake in United Airlines during the third quarter worth about $36,000. Finally, Quest Partners LLC raised its stake in shares of United Airlines by 3,504.8% in the 2nd quarter. Quest Partners LLC now owns 757 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 736 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

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.