United Airlines (NASDAQ:UAL) Price Target Raised to $165.00

United Airlines (NASDAQ:UAL) had its target price increased by TD Cowen from $142.00 to $165.00 in a report published on Friday morning, MarketBeat reports. TD Cowen currently has a buy rating on the transportation company’s stock.

A number of other equities analysts also recently weighed in on the stock. Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Bank of America lifted their price objective on United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Morgan Stanley raised their target price on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday. Jefferies Financial Group boosted their price target on United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Sanford C. Bernstein raised their price objective on shares of United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, United Airlines presently has a consensus rating of “Buy” and an average price target of $110.20.

United Airlines Stock Performance

NASDAQ UAL opened at $105.00 on Friday. The company has a market capitalization of $34.53 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 0.77 and a beta of 1.44. United Airlines has a twelve month low of $37.02 and a twelve month high of $116.00. The stock has a fifty day simple moving average of $99.39 and a 200 day simple moving average of $71.30. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. The company had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $2.00 earnings per share. Sell-side analysts expect that United Airlines will post 12.7 EPS for the current year.

United Airlines declared that its board has authorized a share buyback plan on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the transportation company to reacquire up to 7.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at United Airlines

In related news, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the sale, the executive vice president now directly owns 63,599 shares in the company, valued at approximately $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kate Gebo sold 17,500 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.44, for a total value of $1,407,700.00. Following the completion of the transaction, the executive vice president now owns 40,012 shares of the company’s stock, valued at $3,218,565.28. This trade represents a 30.43 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is owned by insiders.

Institutional Investors Weigh In On United Airlines

A number of hedge funds have recently modified their holdings of the stock. Sei Investments Co. lifted its position in shares of United Airlines by 1.7% during the 2nd quarter. Sei Investments Co. now owns 146,621 shares of the transportation company’s stock valued at $7,135,000 after buying an additional 2,471 shares during the last quarter. Marshall Wace LLP purchased a new stake in United Airlines during the second quarter valued at about $9,026,000. Dark Forest Capital Management LP increased its stake in shares of United Airlines by 108.9% in the second quarter. Dark Forest Capital Management LP now owns 8,950 shares of the transportation company’s stock worth $436,000 after purchasing an additional 4,666 shares in the last quarter. Susquehanna Fundamental Investments LLC raised its position in shares of United Airlines by 28.4% in the second quarter. Susquehanna Fundamental Investments LLC now owns 236,943 shares of the transportation company’s stock valued at $11,530,000 after purchasing an additional 52,458 shares during the period. Finally, Driehaus Capital Management LLC purchased a new stake in shares of United Airlines during the 2nd quarter valued at approximately $670,000. 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.