United Airlines (NASDAQ:UAL) Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of United Airlines (NASDAQ:UAL) from a strong-buy rating to a buy rating in a report issued on Saturday morning.

Several other equities analysts also recently commented on UAL. UBS Group raised shares of United Airlines from a “neutral” rating to a “buy” rating and upped their price objective for the company from $67.00 to $105.00 in a research note on Monday, May 19th. Barclays lowered their price objective on shares of United Airlines from $140.00 to $94.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Evercore ISI lowered their price objective on shares of United Airlines from $145.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. TD Cowen upped their price objective on shares of United Airlines from $73.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, April 22nd. Finally, Raymond James cut shares of United Airlines from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $104.64.

United Airlines Stock Performance

NASDAQ UAL opened at $83.47 on Friday. United Airlines has a 52-week low of $37.02 and a 52-week high of $116.00. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The company has a market capitalization of $27.26 billion, a P/E ratio of 8.85, a P/E/G ratio of 0.67 and a beta of 1.45. The company has a fifty day moving average of $72.26 and a 200-day moving average of $87.16.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.16. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. As a group, equities research analysts predict that United Airlines will post 12.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wahed Invest LLC lifted its position in United Airlines by 5.4% during the fourth quarter. Wahed Invest LLC now owns 2,106 shares of the transportation company’s stock valued at $204,000 after purchasing an additional 108 shares during the period. Metis Global Partners LLC raised its position in United Airlines by 2.0% in the fourth quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company’s stock worth $631,000 after acquiring an additional 129 shares during the period. Hemington Wealth Management raised its position in United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after acquiring an additional 131 shares during the period. Bell Investment Advisors Inc raised its position in United Airlines by 60.3% in the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock worth $35,000 after acquiring an additional 135 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in United Airlines by 3.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,702 shares of the transportation company’s stock worth $359,000 after acquiring an additional 135 shares during the period. Institutional investors own 69.69% of the company’s stock.

About United Airlines

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.