United Airlines (NASDAQ:UAL) Price Target Raised to $125.00

United Airlines (NASDAQ:UAL) had its price target raised by research analysts at TD Cowen from $100.00 to $125.00 in a note issued to investors on Tuesday, Marketbeat reports. The firm presently has a “buy” rating on the transportation company’s stock. TD Cowen’s price objective points to a potential upside of 38.30% from the stock’s previous close.

Several other equities analysts also recently weighed in on the stock. Barclays lifted their price target on shares of United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Sanford C. Bernstein boosted their target price on shares of United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Bank of America boosted their target price on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Susquehanna boosted their target price on shares of United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a report on Thursday, October 17th. Finally, Jefferies Financial Group boosted their target price on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $88.28.

United Airlines Stock Performance

Shares of NASDAQ UAL opened at $90.38 on Tuesday. The firm has a 50 day moving average of $67.78 and a 200 day moving average of $54.77. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $29.72 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 1.08 and a beta of 1.39. United Airlines has a 12-month low of $37.02 and a 12-month high of $93.33.

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

United Airlines announced that its board has initiated a share buyback plan on Tuesday, October 15th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at United Airlines

In other United Airlines news, EVP Torbjorn J. Enqvist sold 14,500 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $72.00, for a total transaction 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. The trade was a 32.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kate Gebo sold 17,500 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 40,012 shares in the company, 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 Inflows and Outflows

A number of hedge funds have recently made changes to their positions in UAL. US Bancorp DE grew its holdings in United Airlines by 16.8% during the 1st quarter. US Bancorp DE now owns 11,425 shares of the transportation company’s stock worth $547,000 after acquiring an additional 1,641 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in United Airlines in the 1st quarter worth approximately $261,000. Edgestream Partners L.P. acquired a new position in United Airlines in the 1st quarter worth approximately $314,000. UniSuper Management Pty Ltd increased its holdings in United Airlines by 1,155.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 20,363 shares of the transportation company’s stock worth $975,000 after buying an additional 18,741 shares during the period. Finally, Bessemer Group Inc. increased its holdings in United Airlines by 47.4% in the 1st quarter. Bessemer Group Inc. now owns 5,471 shares of the transportation company’s stock worth $261,000 after buying an additional 1,759 shares during the period. 69.69% of the stock is currently owned by institutional investors.

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.