United Airlines (NASDAQ:UAL) Stock Price Expected to Rise, Raymond James Analyst Says

United Airlines (NASDAQ:UAL) had its target price boosted by stock analysts at Raymond James from $90.00 to $120.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Raymond James’ target price would indicate a potential upside of 20.42% from the company’s current price.

A number of other equities analysts have also commented on UAL. Sanford C. Bernstein raised their price target on United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. UBS Group reaffirmed a “buy” rating and set a $139.00 target price on shares of United Airlines in a report on Tuesday, November 26th. Citigroup upped their price target on United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Susquehanna lifted their price objective on United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $119.00 target price on shares of United Airlines in a research note on Friday, November 15th. One research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, United Airlines has a consensus rating of “Buy” and an average target price of $102.28.

United Airlines Trading Down 1.2 %

Shares of United Airlines stock opened at $99.65 on Monday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79. The stock has a market capitalization of $32.77 billion, a P/E ratio of 12.02, a P/E/G ratio of 1.12 and a beta of 1.44. United Airlines has a 52-week low of $37.02 and a 52-week high of $105.09. The stock’s 50-day simple moving average is $90.77 and its 200 day simple moving average is $63.80.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, beating 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 analysts’ expectations of $14.76 billion. During the same period in the prior year, the company posted $3.65 EPS. As a group, research analysts anticipate that United Airlines will post 10.27 EPS for the current year.

United Airlines announced that its Board of Directors has initiated a share repurchase program on Tuesday, October 15th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the transportation company to buy up to 7.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at United Airlines

In other news, EVP Kate Gebo sold 17,500 shares of United Airlines stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the sale, the executive vice president now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.00, for a total value of $1,044,000.00. Following the transaction, the executive vice president now owns 30,427 shares in the company, valued at $2,190,744. This trade represents a 32.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,000 shares of company stock worth $8,158,900. 0.63% of the stock is currently owned by company insiders.

Institutional Trading of United Airlines

A number of hedge funds have recently modified their holdings of UAL. Huntington National Bank lifted its position in United Airlines by 10.8% during the 3rd quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock valued at $75,000 after acquiring an additional 129 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of United Airlines by 13.0% during the third quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock valued at $94,000 after purchasing an additional 189 shares during the last quarter. Commerce Bank boosted its position in shares of United Airlines by 1.1% in the 3rd quarter. Commerce Bank now owns 17,620 shares of the transportation company’s stock worth $1,005,000 after purchasing an additional 196 shares in the last quarter. Cromwell Holdings LLC grew its stake in shares of United Airlines by 31.4% in the 3rd quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock worth $53,000 after buying an additional 222 shares during the last quarter. Finally, Wahed Invest LLC increased its position in United Airlines by 12.6% during the 3rd quarter. Wahed Invest LLC now owns 1,998 shares of the transportation company’s stock valued at $114,000 after buying an additional 223 shares in 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.