Brokerages Set United Airlines Holdings, Inc. (NASDAQ:UAL) Target Price at $96.15

Shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Get Free Report) have received an average recommendation of "Buy" from the sixteen research firms that are currently covering the stock, MarketBeat Ratings reports. Fifteen investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $96.15.

A number of brokerages have commented on UAL. Citigroup boosted their price target on shares of United Airlines from $98.00 to $122.00 and gave the company a "buy" rating in a research note on Tuesday. Jefferies Financial Group upped 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. Susquehanna lifted their price target on United Airlines from $70.00 to $85.00 and gave the company a "positive" rating in a research note on Thursday, October 17th. Bank of America increased their price objective on United Airlines from $70.00 to $84.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. Finally, Dbs Bank upgraded United Airlines from a "hold" rating to a "strong-buy" rating in a report on Tuesday.

Insider Buying and Selling at United Airlines

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of the business's stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the completion of the transaction, the executive vice president now owns 30,427 shares of the company's stock, valued at approximately $2,190,744. The trade was a 32.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kate Gebo sold 17,500 shares of United Airlines stock in a transaction that occurred 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 sale, the executive vice president now owns 40,012 shares of the company's stock, valued at approximately $3,218,565.28. The trade was a 30.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 92,000 shares of company stock valued at $8,158,900 in the last three months. Company insiders own 0.63% of the company's stock.

Institutional Trading of United Airlines

Hedge funds and other institutional investors have recently bought and sold shares of the company. Castle Hook Partners LP grew its stake in shares of United Airlines by 176.1% during the third quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company's stock valued at $242,227,000 after buying an additional 2,707,442 shares during the last quarter. Point72 Asset Management L.P. grew its position in United Airlines by 489.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company's stock worth $111,687,000 after acquiring an additional 1,905,664 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in United Airlines by 29.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company's stock worth $272,559,000 after purchasing an additional 1,263,604 shares during the period. Rubric Capital Management LP bought a new stake in United Airlines in the third quarter valued at approximately $63,486,000. Finally, Sanders Capital LLC boosted its stake in shares of United Airlines by 12.4% during the third quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company's stock valued at $539,650,000 after purchasing an additional 1,040,589 shares during the period. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Trading Up 0.5 %

United Airlines stock traded up $0.48 during trading hours on Friday, reaching $96.83. 1,522,897 shares of the company's stock were exchanged, compared to its average volume of 8,357,400. The firm's 50 day simple moving average is $75.84 and its 200 day simple moving average is $57.44. United Airlines has a twelve month low of $37.02 and a twelve month high of $101.60. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $31.85 billion, a PE ratio of 11.68, a PEG ratio of 1.14 and a beta of 1.39.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, topping 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 company had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.76 billion. During the same quarter last year, the firm posted $3.65 EPS. Research analysts predict that United Airlines will post 10.23 earnings per share for the current year.

United Airlines announced that its Board of Directors has initiated a share repurchase program on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the transportation company to buy up to 7.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

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.