United Airlines (NASDAQ:UAL) Rating Lowered to "Market Perform" at Raymond James

United Airlines (NASDAQ:UAL - Get Free Report) was downgraded by equities researchers at Raymond James from an "outperform" rating to a "market perform" rating in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports.

Several other equities analysts have also weighed in on the stock. Jefferies Financial Group cut their price objective on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday. UBS Group cut their price target on shares of United Airlines from $140.00 to $107.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. JPMorgan Chase & Co. upped their price objective on shares of United Airlines from $108.00 to $133.00 and gave the stock an "overweight" rating in a report on Thursday, January 9th. Morgan Stanley increased their target price 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. Finally, Susquehanna reaffirmed a "hold" rating on shares of United Airlines in a research report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $111.08.

United Airlines Stock Down 4.3 %

Shares of NASDAQ:UAL traded down $2.56 during trading on Wednesday, reaching $57.67. 18,018,345 shares of the company traded hands, compared to its average volume of 7,823,233. The firm has a fifty day simple moving average of $89.38 and a 200 day simple moving average of $86.73. 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 1-year low of $37.02 and a 1-year high of $116.00. The firm has a market cap of $18.88 billion, a P/E ratio of 6.12, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19.

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

Hedge Funds Weigh In On United Airlines

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of Jackson Hole Trust bought a new stake in United Airlines in the 4th quarter valued at $25,000. Hemington Wealth Management raised its position 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 valued at $30,000 after buying an additional 131 shares during the last quarter. Capital A Wealth Management LLC bought a new stake in shares of United Airlines in the fourth quarter valued at about $31,000. Roxbury Financial LLC acquired a new stake in United Airlines during the fourth quarter worth about $32,000. Finally, Whipplewood Advisors LLC bought a new position in United Airlines during the fourth quarter valued at about $32,000. Institutional investors own 69.69% of the company's stock.

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.