United Airlines (NASDAQ:UAL) Given New $100.00 Price Target at Evercore ISI

United Airlines (NASDAQ:UAL - Get Free Report) had its price target dropped by equities research analysts at Evercore ISI from $145.00 to $100.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "outperform" rating on the transportation company's stock. Evercore ISI's price objective would suggest a potential upside of 49.25% from the company's previous close.

Other equities analysts have also recently issued reports about the stock. Morgan Stanley raised their target price on shares of United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Jefferies Financial Group reduced their target price on United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. TD Cowen increased their price target on United Airlines from $142.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Barclays reduced their price objective on United Airlines from $140.00 to $94.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a report on Thursday, January 9th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $102.01.

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United Airlines Stock Performance

United Airlines stock traded up $1.31 during trading on Friday, reaching $67.00. The company had a trading volume of 12,647,661 shares, compared to its average volume of 7,985,676. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The firm's 50-day simple moving average is $82.35 and its 200 day simple moving average is $87.47. The firm has a market capitalization of $21.93 billion, a price-to-earnings ratio of 7.10, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. United Airlines has a 52 week low of $37.02 and a 52 week high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.01. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. Sell-side analysts forecast that United Airlines will post 12.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in UAL. Stifel Financial Corp lifted its position in shares of United Airlines by 0.5% during the third quarter. Stifel Financial Corp now owns 107,510 shares of the transportation company's stock valued at $6,135,000 after buying an additional 509 shares during the last quarter. Wellington Management Group LLP purchased a new position in United Airlines in the third quarter worth $2,776,000. Orion Portfolio Solutions LLC acquired a new position in shares of United Airlines during the third quarter worth $218,000. Nomura Asset Management Co. Ltd. boosted its position in shares of United Airlines by 24.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 5,165 shares of the transportation company's stock worth $295,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in United Airlines by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company's stock worth $477,526,000 after buying an additional 168,498 shares during the last quarter. 69.69% of the stock is owned by institutional investors.

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.