UBS Group Cuts United Airlines (NASDAQ:UAL) Price Target to $107.00

United Airlines (NASDAQ:UAL - Free Report) had its price objective trimmed by UBS Group from $140.00 to $107.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a buy rating on the transportation company's stock.

A number of other analysts have also recently commented on UAL. Susquehanna reiterated a "hold" rating on shares of United Airlines in a research report on Tuesday, February 25th. Dbs Bank raised shares of United Airlines from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 26th. Raymond James reissued an "outperform" rating and issued a $130.00 price objective (up previously from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. TD Cowen upped their target price on shares of United Airlines from $142.00 to $165.00 and gave the company a "buy" rating in a report on Friday, January 24th. Finally, Morgan Stanley increased their price target on shares of United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $112.75.

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United Airlines Stock Performance

Shares of NASDAQ UAL traded up $5.35 during trading on Thursday, reaching $80.22. 8,774,522 shares of the company traded hands, compared to its average volume of 7,682,101. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The firm has a 50 day simple moving average of $96.04 and a 200-day simple moving average of $85.95. United Airlines has a 52-week low of $37.02 and a 52-week high of $116.00. The stock has a market capitalization of $26.26 billion, a PE ratio of 8.51, a P/E/G ratio of 0.67 and a beta of 1.41.

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

Institutional Trading of United Airlines

Several institutional investors have recently made changes to their positions in UAL. Moody National Bank Trust Division increased its holdings in shares of United Airlines by 2.1% in the fourth quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company's stock worth $470,000 after purchasing an additional 98 shares during the last quarter. Diversify Advisory Services LLC raised its stake in United Airlines by 2.2% during the fourth quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company's stock valued at $508,000 after purchasing an additional 101 shares in the last quarter. Wahed Invest LLC lifted its position in United Airlines by 5.4% during the fourth quarter. Wahed Invest LLC now owns 2,106 shares of the transportation company's stock valued at $204,000 after purchasing an additional 108 shares during the last quarter. Metis Global Partners LLC grew its stake in shares of United Airlines by 2.0% in the 4th quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company's stock worth $631,000 after buying an additional 129 shares in the last quarter. Finally, Hemington Wealth Management grew its stake in shares of United Airlines by 70.8% in the 4th 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. Hedge funds and other institutional investors own 69.69% of the company's stock.

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.