United Airlines (NASDAQ:UAL) PT Raised to $100.00

United Airlines (NASDAQ:UAL) had its price target boosted by analysts at TD Cowen from $80.00 to $100.00 in a research report issued to clients and investors on Thursday, Briefing.com reports. The firm currently has a “buy” rating on the transportation company’s stock. TD Cowen’s price target indicates a potential upside of 38.86% from the stock’s current price.

A number of other research firms have also weighed in on UAL. Jefferies Financial Group raised their target price on shares of United Airlines from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Barclays raised their target price on shares of United Airlines from $66.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Susquehanna raised their target price on shares of United Airlines from $60.00 to $70.00 and gave the stock a “positive” rating in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $75.80.

United Airlines Stock Performance

Shares of UAL stock opened at $72.02 on Thursday. The firm has a market capitalization of $23.68 billion, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 0.94 and a beta of 1.44. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.77 and a quick ratio of 0.71. The business has a fifty day moving average of $50.08 and a 200 day moving average of $49.33. United Airlines has a 1 year low of $33.68 and a 1 year high of $73.65.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.23. The company had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.76 billion. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. During the same period last year, the firm earned $3.65 EPS. As a group, research analysts expect that United Airlines will post 9.88 earnings per share for the current year.

United Airlines declared that its Board of Directors has initiated a stock repurchase program on Tuesday, October 15th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On United Airlines

Several hedge funds have recently made changes to their positions in UAL. BNP Paribas purchased a new position in United Airlines in the first quarter valued at about $25,000. Fidelis Capital Partners LLC purchased a new stake in United Airlines in the 1st quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in United Airlines in the 2nd quarter worth approximately $30,000. Crewe Advisors LLC acquired a new position in shares of United Airlines in the 1st quarter valued at $32,000. Finally, GoalVest Advisory LLC acquired a new position in shares of United Airlines in the 1st quarter valued at $33,000. 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.