Jefferies Financial Group Cuts United Airlines (NASDAQ:UAL) Price Target to $80.00

United Airlines (NASDAQ:UAL) had its price objective decreased by Jefferies Financial Group from $154.00 to $80.00 in a research note released on Tuesday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the transportation company’s stock.

A number of other brokerages also recently issued reports on UAL. Melius Research upgraded United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. TD Cowen upped their target price on United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. UBS Group dropped their price target on United Airlines from $140.00 to $107.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. Morgan Stanley boosted their price objective on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Susquehanna reaffirmed a “hold” rating on shares of United Airlines in a research report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, United Airlines presently has a consensus rating of “Moderate Buy” and an average price target of $111.08.

United Airlines Stock Performance

NASDAQ:UAL opened at $60.23 on Tuesday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. United Airlines has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The firm has a market cap of $19.72 billion, a PE ratio of 6.39, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. The business has a 50 day moving average price of $90.32 and a 200-day moving average price of $86.68.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the prior year, the company posted $2.00 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts predict that United Airlines will post 12.96 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UAL. Moody National Bank Trust Division increased its holdings in shares of United Airlines by 2.1% during the fourth quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock valued at $470,000 after acquiring an additional 98 shares in the last quarter. Diversify Advisory Services LLC grew its position in United Airlines by 2.2% during the 4th quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock valued at $508,000 after purchasing an additional 101 shares during the last quarter. Wahed Invest LLC grew its position in United Airlines by 5.4% during the 4th quarter. Wahed Invest LLC now owns 2,106 shares of the transportation company’s stock valued at $204,000 after purchasing an additional 108 shares during the last quarter. Metis Global Partners LLC raised its holdings in United Airlines by 2.0% in the fourth quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company’s stock worth $631,000 after buying an additional 129 shares during the last quarter. Finally, Hemington Wealth Management raised its holdings in United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after buying an additional 131 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.