Bank of America Increases United Airlines (NASDAQ:UAL) Price Target to $70.00

United Airlines (NASDAQ:UAL) had its target price raised by Bank of America from $60.00 to $70.00 in a report issued on Thursday morning, Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

UAL has been the topic of several other research reports. TD Cowen increased their price objective on United Airlines from $55.00 to $65.00 and gave the stock an outperform rating in a research note on Wednesday, January 24th. Redburn Atlantic cut United Airlines from a buy rating to a neutral rating and set a $50.00 price objective on the stock. in a research note on Tuesday, February 13th. Susquehanna dropped their price objective on United Airlines from $60.00 to $55.00 and set a positive rating on the stock in a research note on Tuesday, April 9th. UBS Group assumed coverage on United Airlines in a research note on Wednesday, March 20th. They issued a neutral rating and a $47.00 price objective on the stock. Finally, StockNews.com raised United Airlines from a sell rating to a hold rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $66.53.

United Airlines Trading Down 0.1 %

Shares of NASDAQ UAL opened at $51.38 on Thursday. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.76 and a current ratio of 0.75. The business’s 50 day moving average price is $44.47 and its 200-day moving average price is $41.50. United Airlines has a fifty-two week low of $33.68 and a fifty-two week high of $58.23. The company has a market cap of $16.89 billion, a price-to-earnings ratio of 6.35, a PEG ratio of 0.52 and a beta of 1.55.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.39. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. The company had revenue of $13.63 billion for the quarter, compared to analysts’ expectations of $13.55 billion. During the same quarter in the prior year, the firm earned $2.46 earnings per share. United Airlines’s revenue was up 9.9% compared to the same quarter last year. On average, sell-side analysts expect that United Airlines will post 9.78 earnings per share for the current year.

Institutional Trading of United Airlines

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