United Airlines (NASDAQ:UAL) Price Target Cut to $80.00 by Analysts at Jefferies Financial Group

United Airlines (NASDAQ:UAL - Get Free Report) had its price objective reduced by equities researchers at Jefferies Financial Group from $154.00 to $80.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the transportation company's stock. Jefferies Financial Group's price target points to a potential upside of 38.72% from the stock's previous close.

A number of other research firms also recently weighed in on UAL. Morgan Stanley boosted their target price on United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. UBS Group cut their price objective on shares of United Airlines from $140.00 to $107.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. JPMorgan Chase & Co. lifted their target price on shares of United Airlines from $108.00 to $133.00 and gave the stock an "overweight" rating in a research report on Thursday, January 9th. Susquehanna restated a "hold" rating on shares of United Airlines in a research report on Tuesday, February 25th. Finally, Melius Research upgraded United Airlines to a "strong-buy" rating in a report on Monday, December 2nd. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $111.08.

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United Airlines Price Performance

UAL stock traded down $2.56 during midday trading on Tuesday, reaching $57.67. The company had a trading volume of 18,012,086 shares, compared to its average volume of 7,829,220. The firm has a 50-day moving average price of $90.32 and a 200-day moving average price of $86.68. The company has a market capitalization of $18.88 billion, a P/E ratio of 6.12, a P/E/G ratio of 0.67 and a beta of 1.19. United Airlines has a 1 year low of $37.02 and a 1 year high of $116.00. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74.

United Airlines (NASDAQ:UAL - Get Free Report) last announced 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. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same period in the previous year, the business earned $2.00 earnings per share. The firm's quarterly revenue was up 7.8% compared to the same quarter last year. On average, research analysts anticipate that United Airlines will post 12.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in UAL. MassMutual Private Wealth & Trust FSB lifted its position in United Airlines by 45.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,034 shares of the transportation company's stock valued at $71,000 after buying an additional 324 shares during the period. 111 Capital purchased a new position in United Airlines during the 4th quarter valued at about $206,000. Wealth Enhancement Advisory Services LLC boosted its stake in United Airlines by 9.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 23,340 shares of the transportation company's stock worth $2,266,000 after acquiring an additional 2,108 shares in the last quarter. Centaurus Financial Inc. grew its holdings in United Airlines by 106.4% in the fourth quarter. Centaurus Financial Inc. now owns 12,773 shares of the transportation company's stock worth $1,240,000 after purchasing an additional 6,585 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of United Airlines during the fourth quarter valued at approximately $5,817,000. 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.