United Airlines (NASDAQ:UAL) Upgraded to Hold by StockNews.com

StockNews.com upgraded shares of United Airlines (NASDAQ:UAL) from a sell rating to a hold rating in a report issued on Thursday.

A number of other research firms also recently issued reports on UAL. Evercore ISI raised United Airlines from an in-line rating to an outperform rating and lifted their price objective for the stock from $58.00 to $65.00 in a research note on Friday, February 9th. Bank of America raised United Airlines from an underperform rating to a buy rating and lifted their price objective for the stock from $40.00 to $56.00 in a research note on Tuesday, January 9th. UBS Group started 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. TD Cowen lifted 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. Finally, Raymond James reduced their price objective on United Airlines from $68.00 to $65.00 and set an outperform rating on the stock in a research note on Wednesday, December 20th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $66.53.

United Airlines Stock Up 5.5 %

NASDAQ UAL opened at $51.42 on Thursday. The stock’s 50 day moving average is $44.29 and its 200 day moving average is $41.42. The company has a current ratio of 0.75, a quick ratio of 0.76 and a debt-to-equity ratio of 2.52. United Airlines has a 12 month low of $33.68 and a 12 month high of $58.23. The stock has a market cap of $16.91 billion, a PE ratio of 6.36, a P/E/G ratio of 0.70 and a beta of 1.55.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the firm earned $2.46 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. Research analysts predict that United Airlines will post 9.3 EPS for the current fiscal year.

Hedge Funds Weigh In On United Airlines

Several large investors have recently modified their holdings of UAL. tru Independence LLC grew its position in United Airlines by 0.3% in the 1st quarter. tru Independence LLC now owns 118,230 shares of the transportation company’s stock valued at $5,661,000 after acquiring an additional 353 shares during the last quarter. SteelPeak Wealth LLC purchased a new stake in shares of United Airlines in the 1st quarter worth $219,000. Richardson Capital Management LLC purchased a new stake in shares of United Airlines in the 1st quarter worth $37,000. Total Investment Management Inc. lifted its holdings in shares of United Airlines by 5.0% in the 1st quarter. Total Investment Management Inc. now owns 16,024 shares of the transportation company’s stock worth $767,000 after buying an additional 766 shares during the period. Finally, Hennessy Advisors Inc. lifted its holdings in shares of United Airlines by 44.0% in the 1st quarter. Hennessy Advisors Inc. now owns 84,800 shares of the transportation company’s stock worth $4,060,000 after buying an additional 25,900 shares during the period. Institutional investors 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.