Morgan Stanley Increases United Airlines (NASDAQ:UAL) Price Target to $80.00

United Airlines (NASDAQ:UAL) had its price target raised by stock analysts at Morgan Stanley from $75.00 to $80.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. Morgan Stanley’s price target indicates a potential upside of 55.70% from the stock’s current price.

A number of other equities analysts also recently weighed in on UAL. StockNews.com raised shares of United Airlines from a “sell” rating to a “hold” rating in a research note on Thursday. Susquehanna increased their price target on shares of United Airlines from $55.00 to $60.00 and gave the stock a “positive” rating in a research note on Thursday. Raymond James cut their price target on shares of United Airlines from $68.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 20th. Redburn Atlantic downgraded shares of United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 price target on the stock. in a research note on Tuesday, February 13th. Finally, UBS Group started coverage on shares of United Airlines in a research note on Wednesday, March 20th. They issued a “neutral” rating and a $47.00 target price on the stock. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.53.

United Airlines Stock Down 0.1 %

Shares of NASDAQ UAL opened at $51.38 on Thursday. United Airlines has a 1 year low of $33.68 and a 1 year high of $58.23. The firm’s 50 day moving average price is $44.47 and its 200 day moving average price is $41.49. The firm has a market cap of $16.89 billion, a P/E ratio of 6.35, a price-to-earnings-growth ratio of 0.70 and a beta of 1.55. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.76 and a current ratio of 0.75.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.39. The company had revenue of $13.63 billion for the quarter, compared to the consensus estimate of $13.55 billion. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. United Airlines’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.46 earnings per share. As a group, sell-side analysts anticipate that United Airlines will post 9.3 earnings per share for the current year.

Institutional Investors Weigh In On United Airlines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JB Capital LLC purchased a new stake in United Airlines during the 4th quarter worth $201,000. NWI Management LP increased its position in shares of United Airlines by 69.6% in the 3rd quarter. NWI Management LP now owns 195,000 shares of the transportation company’s stock worth $8,249,000 after purchasing an additional 80,000 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of United Airlines by 3,636.1% in the 4th quarter. International Assets Investment Management LLC now owns 82,231 shares of the transportation company’s stock worth $3,393,000 after purchasing an additional 80,030 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of United Airlines by 43.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 295,615 shares of the transportation company’s stock worth $12,197,000 after purchasing an additional 89,106 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its position in shares of United Airlines by 1,993.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 861,835 shares of the transportation company’s stock worth $36,456,000 after purchasing an additional 820,660 shares during the last quarter. Hedge funds and other 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.