United Airlines (NASDAQ:UAL) Upgraded to “Outperform” at Wolfe Research

Wolfe Research upgraded shares of United Airlines (NASDAQ:UALFree Report) from a peer perform rating to an outperform rating in a report released on Friday morning, Marketbeat.com reports. The firm currently has $76.00 price objective on the transportation company’s stock.

A number of other research analysts have also issued reports on UAL. UBS Group initiated coverage on United Airlines in a research report on Wednesday, March 20th. They set a neutral rating and a $47.00 target price on the stock. Morgan Stanley raised their price objective on United Airlines from $75.00 to $80.00 and gave the company an overweight rating in a report on Thursday, April 18th. Raymond James raised their price objective on United Airlines from $66.00 to $70.00 and gave the company an outperform rating in a report on Thursday, April 18th. StockNews.com upgraded United Airlines from a sell rating to a hold rating in a report on Wednesday, April 24th. Finally, Susquehanna raised their price objective on United Airlines from $55.00 to $60.00 and gave the company a positive rating in a report on Thursday, April 18th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $67.25.

Read Our Latest Research Report on UAL

United Airlines Price Performance

Shares of NASDAQ:UAL traded up $0.19 during midday trading on Friday, reaching $54.97. 7,157,932 shares of the company’s stock traded hands, compared to its average volume of 8,293,021. United Airlines has a 1 year low of $33.68 and a 1 year high of $58.23. The company has a market cap of $18.07 billion, a P/E ratio of 6.79, a PEG ratio of 0.54 and a beta of 1.49. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.69 and a current ratio of 0.75. The company has a fifty day simple moving average of $48.22 and a two-hundred day simple moving average of $43.60.

United Airlines (NASDAQ:UALGet Free Report) last announced its earnings results on Tuesday, April 16th. The transportation company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.38. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. The firm had revenue of $12.54 billion for the quarter, compared to analyst estimates of $12.43 billion. Equities analysts predict that United Airlines will post 9.93 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Kate Gebo sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $50.86, for a total value of $762,900.00. Following the sale, the executive vice president now owns 57,512 shares of the company’s stock, valued at $2,925,060.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.63% of the company’s stock.

Institutional Trading of United Airlines

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas purchased a new stake in shares of United Airlines in the first quarter valued at about $25,000. Fidelis Capital Partners LLC acquired a new position in shares of United Airlines in the first quarter valued at approximately $27,000. NBC Securities Inc. purchased a new stake in shares of United Airlines during the third quarter worth approximately $25,000. Loomis Sayles & Co. L P lifted its holdings in shares of United Airlines by 707.8% during the third quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company’s stock worth $26,000 after purchasing an additional 545 shares during the period. Finally, Wetzel Investment Advisors Inc. purchased a new position in United Airlines in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

About United Airlines

(Get Free Report)

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.

Further Reading

Analyst Recommendations for United Airlines (NASDAQ:UAL)

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