United Airlines (NASDAQ:UAL) PT Raised to $70.00 at Bank of America

United Airlines (NASDAQ:UAL) had its price target increased by Bank of America from $60.00 to $70.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Bank of America‘s price objective indicates a potential upside of 36.24% from the stock’s current price.

UAL has been the subject of a number of other research reports. TD Cowen boosted their price objective on shares of United Airlines from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Raymond James lowered their price objective on shares of United Airlines from $68.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, December 20th. StockNews.com raised shares of United Airlines from a “sell” rating to a “hold” rating in a research report on Thursday. UBS Group began coverage on shares of United Airlines in a research report on Wednesday, March 20th. They set a “neutral” rating and a $47.00 price objective for the company. Finally, Susquehanna lowered their price objective on shares of United Airlines from $60.00 to $55.00 and set a “positive” rating for the company in a research report on Tuesday, April 9th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, United Airlines has a consensus rating of “Moderate Buy” and an average target price of $66.53.

United Airlines Stock Performance

Shares of United Airlines stock opened at $51.38 on Thursday. The firm has a market cap of $16.89 billion, a PE ratio of 6.35, a price-to-earnings-growth ratio of 0.70 and a beta of 1.55. The firm’s 50-day simple moving average is $44.47 and its 200-day simple moving average is $41.49. 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 has a 1 year low of $33.68 and a 1 year high of $58.23.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.39. The business had revenue of $13.63 billion for the quarter, compared to analyst estimates of $13.55 billion. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.46 EPS. Equities analysts forecast that United Airlines will post 9.3 earnings per share for the current fiscal year.

Institutional Trading of United Airlines

A number of institutional investors have recently made changes to their positions in UAL. Capital International Investors acquired a new stake in shares of United Airlines in the 1st quarter worth approximately $351,299,000. Altimeter Capital Management LP acquired a new stake in shares of United Airlines in the 1st quarter worth approximately $115,175,000. Ensign Peak Advisors Inc lifted its stake in shares of United Airlines by 1,248.8% in the 1st quarter. Ensign Peak Advisors Inc now owns 1,474,058 shares of the transportation company’s stock worth $68,337,000 after acquiring an additional 1,364,768 shares during the period. Man Group plc lifted its stake in shares of United Airlines by 347.1% in the 4th quarter. Man Group plc now owns 1,549,450 shares of the transportation company’s stock worth $58,414,000 after acquiring an additional 1,202,905 shares during the period. Finally, U S Global Investors Inc. lifted its stake in shares of United Airlines by 31.9% in the 4th quarter. U S Global Investors Inc. now owns 4,159,899 shares of the transportation company’s stock worth $171,637,000 after acquiring an additional 1,005,170 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

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.