StockNews.com Lowers United Airlines (NASDAQ:UAL) to Sell

StockNews.com cut shares of United Airlines (NASDAQ:UALFree Report) from a hold rating to a sell rating in a report issued on Friday morning.

Other analysts have also recently issued reports about the company. Susquehanna reduced their price objective on United Airlines from $60.00 to $55.00 and set a positive rating on the stock in a research note on Tuesday. Redburn Atlantic cut United Airlines from a buy rating to a neutral rating and set a $50.00 price target on the stock. in a research note on Tuesday, February 13th. Raymond James cut their price target on United Airlines from $68.00 to $65.00 and set an outperform rating on the stock in a research note on Wednesday, December 20th. Bank of America upgraded United Airlines from an underperform rating to a buy rating and raised their price target for the company from $40.00 to $56.00 in a research note on Tuesday, January 9th. Finally, Evercore ISI upgraded United Airlines from an in-line rating to an outperform rating and lifted their target price for the stock from $58.00 to $65.00 in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $64.60.

View Our Latest Stock Report on United Airlines

United Airlines Trading Down 2.9 %

UAL opened at $41.80 on Friday. The firm has a market cap of $13.71 billion, a P/E ratio of 5.30, a P/E/G ratio of 0.60 and a beta of 1.55. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 2.70. United Airlines has a 52 week low of $33.68 and a 52 week high of $58.23. The business has a fifty day simple moving average of $43.92 and a 200-day simple moving average of $41.33.

United Airlines (NASDAQ:UALGet Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.39. The business had revenue of $13.63 billion for the quarter, compared to analysts’ expectations of $13.55 billion. United Airlines had a return on equity of 41.01% and a net margin of 4.87%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm earned $2.46 earnings per share. On average, equities analysts expect that United Airlines will post 9.55 earnings per share for the current year.

Institutional Investors Weigh In On United Airlines

A number of institutional investors have recently added to or reduced their stakes in UAL. JB Capital LLC acquired a new stake in shares of United Airlines during the 4th quarter valued at approximately $201,000. NWI Management LP lifted its position in shares of United Airlines by 69.6% during the 3rd quarter. NWI Management LP now owns 195,000 shares of the transportation company’s stock valued at $8,249,000 after acquiring an additional 80,000 shares during the period. Los Angeles Capital Management LLC lifted its position in shares of United Airlines by 1,993.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 861,835 shares of the transportation company’s stock valued at $36,456,000 after acquiring an additional 820,660 shares during the period. O Shaughnessy Asset Management LLC lifted its position in shares of United Airlines by 145.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 20,396 shares of the transportation company’s stock valued at $863,000 after acquiring an additional 12,070 shares during the period. Finally, Phoenix Holdings Ltd. lifted its position in shares of United Airlines by 173.9% during the 3rd quarter. Phoenix Holdings Ltd. now owns 37,744 shares of the transportation company’s stock valued at $1,597,000 after acquiring an additional 23,966 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

About United Airlines

(Get Free Report)

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.

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Analyst Recommendations for United Airlines (NASDAQ:UAL)

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