United Airlines (NASDAQ:UAL) Shares Gap Down Following Analyst Downgrade

United Airlines Holdings, Inc. (NASDAQ:UAL - Get Free Report) shares gapped down prior to trading on Tuesday after Bank of America lowered their price target on the stock from $110.00 to $100.00. The stock had previously closed at $69.05, but opened at $67.45. Bank of America currently has a buy rating on the stock. United Airlines shares last traded at $65.66, with a volume of 1,850,742 shares changing hands.

Several other research analysts also recently issued reports on UAL. Morgan Stanley upped their price target on shares of United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased their target price on United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a research report on Thursday, January 9th. Raymond James cut United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday. Barclays set a $140.00 price objective on shares of United Airlines and gave the company an "overweight" rating in a report on Wednesday, March 12th. Finally, TD Cowen boosted their target price on shares of United Airlines from $142.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, United Airlines has an average rating of "Moderate Buy" and a consensus price target of $111.08.

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Hedge Funds Weigh In On United Airlines

Hedge funds have recently bought and sold shares of the company. Bank of Jackson Hole Trust acquired a new stake in United Airlines during the 4th quarter worth about $25,000. Hemington Wealth Management grew its stake in United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock worth $30,000 after purchasing an additional 131 shares during the period. Capital A Wealth Management LLC bought a new stake in United Airlines in the fourth quarter worth approximately $31,000. Roxbury Financial LLC acquired a new position in United Airlines in the fourth quarter valued at approximately $32,000. Finally, Whipplewood Advisors LLC bought a new position in shares of United Airlines during the 4th quarter worth approximately $32,000. Institutional investors own 69.69% of the company's stock.

United Airlines Trading Down 15.6 %

The firm's 50-day moving average price is $91.18 and its 200 day moving average price is $86.87. The company has a market cap of $19.72 billion, a price-to-earnings ratio of 6.39, a P/E/G ratio of 0.67 and a beta of 1.41. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99.

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

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.