Brokerages Set United Airlines Holdings, Inc. (NASDAQ:UAL) Price Target at $71.68

United Airlines Holdings, Inc. (NASDAQ:UAL) has received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $71.68.

Several analysts recently commented on UAL shares. Jefferies Financial Group upgraded shares of United Airlines from a “hold” rating to a “buy” rating and raised their price objective for the company from $54.00 to $65.00 in a research note on Wednesday, May 29th. Citigroup boosted their price target on United Airlines from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Redburn Atlantic upgraded United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Thursday, June 6th. Finally, TD Cowen lifted their price objective on United Airlines from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th.

Institutional Investors Weigh In On United Airlines

Hedge funds have recently modified their holdings of the company. Capital International Investors lifted its stake in shares of United Airlines by 2.4% during the first quarter. Capital International Investors now owns 18,502,761 shares of the transportation company’s stock valued at $885,912,000 after buying an additional 429,501 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of United Airlines by 29.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock worth $272,559,000 after purchasing an additional 1,263,604 shares during the period. Point72 Asset Management L.P. boosted its holdings in shares of United Airlines by 489.2% during the second quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company’s stock worth $111,687,000 after purchasing an additional 1,905,664 shares during the last quarter. Par Capital Management Inc. grew its position in shares of United Airlines by 7.2% in the fourth quarter. Par Capital Management Inc. now owns 2,223,400 shares of the transportation company’s stock valued at $91,737,000 after purchasing an additional 150,000 shares during the period. Finally, Interval Partners LP acquired a new position in United Airlines in the first quarter valued at $103,354,000. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Price Performance

Shares of UAL opened at $52.17 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 2.07. The stock’s 50 day moving average is $44.98 and its two-hundred day moving average is $47.57. United Airlines has a twelve month low of $33.68 and a twelve month high of $56.17. The firm has a market capitalization of $17.15 billion, a PE ratio of 6.45, a P/E/G ratio of 1.08 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Wednesday, July 17th. The transportation company reported $4.14 earnings per share for the quarter, beating analysts’ consensus estimates of $3.97 by $0.17. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. The firm had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $15.04 billion. During the same period in the previous year, the business earned $5.03 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Research analysts anticipate that United Airlines will post 9.73 earnings per share for the current year.

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.