Bank of America Cuts United Airlines (NASDAQ:UAL) Price Target to $100.00

United Airlines (NASDAQ:UAL - Get Free Report) had its target price dropped by Bank of America from $110.00 to $100.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the transportation company's stock. Bank of America's price target indicates a potential upside of 73.40% from the stock's previous close.

UAL has been the topic of several other reports. Morgan Stanley lifted their price target on United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Raymond James lowered shares of United Airlines from an "outperform" rating to a "market perform" rating in a research report on Wednesday. Susquehanna reissued a "hold" rating on shares of United Airlines in a report on Tuesday, February 25th. TD Cowen boosted their price objective on shares of United Airlines from $142.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, Barclays set a $140.00 target price on shares of United Airlines and gave the company an "overweight" rating in a research note on Wednesday, March 12th. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $111.08.

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United Airlines Stock Performance

UAL stock traded down $2.56 during midday trading on Thursday, hitting $57.67. 18,018,345 shares of the company traded hands, compared to its average volume of 7,824,470. The business has a 50 day simple moving average of $89.38 and a 200-day simple moving average of $86.97. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. United Airlines has a twelve month low of $37.02 and a twelve month high of $116.00. The stock has a market capitalization of $18.88 billion, a price-to-earnings ratio of 6.12, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Bank of Jackson Hole Trust acquired a new position in United Airlines in the fourth quarter valued at about $25,000. Hemington Wealth Management increased its holdings in shares of United Airlines by 70.8% during 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 in the last quarter. Capital A Wealth Management LLC bought a new position in shares of United Airlines in the fourth quarter valued at approximately $31,000. Roxbury Financial LLC acquired a new position in shares of United Airlines in the 4th quarter worth approximately $32,000. Finally, Whipplewood Advisors LLC acquired a new position in United Airlines in the fourth quarter worth $32,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

About United Airlines

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.