United Airlines Holdings, Inc. (NASDAQ:UAL) Receives Average Rating of "Moderate Buy" from Brokerages

United Airlines Holdings, Inc. (NASDAQ:UAL - Get Free Report) has received a consensus rating of "Moderate Buy" from the fourteen analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $78.94.

Several research analysts have weighed in on the company. Bank of America lifted their target price on United Airlines from $70.00 to $84.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. Jefferies Financial Group raised their price target on United Airlines from $75.00 to $95.00 and gave the company a "buy" rating in a report on Monday, October 21st. Barclays raised their price target on United Airlines from $66.00 to $75.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Sanford C. Bernstein raised their price target on United Airlines from $68.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, October 17th. Finally, TD Cowen raised their price target on United Airlines from $80.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, October 17th.

Insider Transactions at United Airlines

In other news, EVP Kate Gebo sold 17,500 shares of the business's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $80.44, for a total value of $1,407,700.00. Following the completion of the transaction, the executive vice president now directly owns 40,012 shares of the company's stock, valued at $3,218,565.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of United Airlines stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $72.00, for a total value of $1,044,000.00. Following the completion of the sale, the executive vice president now owns 30,427 shares of the company's stock, valued at $2,190,744. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kate Gebo sold 17,500 shares of United Airlines stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.44, for a total value of $1,407,700.00. Following the completion of the sale, the executive vice president now directly owns 40,012 shares of the company's stock, valued at approximately $3,218,565.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.63% of the company's stock.

Institutional Investors Weigh In On United Airlines

A number of hedge funds and other institutional investors have recently made changes to their positions in UAL. Price T Rowe Associates Inc. MD grew its position in United Airlines by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,161,931 shares of the transportation company's stock valued at $55,634,000 after acquiring an additional 64,542 shares during the period. Bessemer Group Inc. grew its position in United Airlines by 47.4% during the first quarter. Bessemer Group Inc. now owns 5,471 shares of the transportation company's stock valued at $261,000 after acquiring an additional 1,759 shares during the period. Tidal Investments LLC grew its position in United Airlines by 16.4% during the first quarter. Tidal Investments LLC now owns 17,429 shares of the transportation company's stock valued at $835,000 after acquiring an additional 2,456 shares during the period. Texas Permanent School Fund Corp grew its position in United Airlines by 1.0% during the first quarter. Texas Permanent School Fund Corp now owns 67,719 shares of the transportation company's stock valued at $3,242,000 after acquiring an additional 669 shares during the period. Finally, Senator Investment Group LP grew its position in United Airlines by 39.5% during the second quarter. Senator Investment Group LP now owns 1,046,051 shares of the transportation company's stock valued at $50,901,000 after acquiring an additional 296,051 shares during the period. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Stock Performance

Shares of UAL stock traded up $2.78 during midday trading on Tuesday, hitting $80.03. The company had a trading volume of 4,428,515 shares, compared to its average volume of 8,559,784. The company's 50 day simple moving average is $59.75 and its 200 day simple moving average is $52.47. United Airlines has a 52-week low of $36.23 and a 52-week high of $81.35. The stock has a market cap of $26.32 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 0.96 and a beta of 1.39. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its 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 return on equity of 30.72% and a net margin of 4.94%. The company had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.76 billion. During the same period last year, the business posted $3.65 EPS. Research analysts anticipate that United Airlines will post 10.18 earnings per share for the current fiscal year.

United Airlines declared that its board has authorized a share buyback program on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

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.