United Airlines Holdings Inc (NASDAQ:UAL) Receives Average Recommendation of “Buy” from Brokerages

Shares of United Airlines Holdings Inc (NASDAQ:UAL) have earned a consensus rating of “Buy” from the sixteen analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $111.4286.

Several equities research analysts have weighed in on the company. Barclays reiterated an “overweight” rating and issued a $100.00 price objective (up previously from $94.00) on shares of United Airlines in a report on Tuesday, July 15th. Evercore ISI reiterated an “outperform” rating and issued a $105.00 price objective on shares of United Airlines in a report on Thursday, July 17th. Cowen reiterated a “buy” rating on shares of United Airlines in a report on Tuesday, July 15th. Bank of America increased their price objective on United Airlines from $90.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Finally, TD Cowen increased their price objective on United Airlines from $101.00 to $127.00 and gave the stock a “buy” rating in a report on Monday, July 21st.

United Airlines Trading Up 1.3%

Shares of UAL stock opened at $99.79 on Thursday. The stock has a market capitalization of $32.31 billion, a PE ratio of 10.00, a P/E/G ratio of 1.27 and a beta of 1.48. United Airlines has a 1-year low of $40.13 and a 1-year high of $116.00. The business has a 50-day moving average of $84.58 and a 200 day moving average of $82.38. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65.

United Airlines (NASDAQ:UAL) last issued its earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.81 by $0.06. United Airlines had a return on equity of 30.09% and a net margin of 5.71%. The company had revenue of $15.24 billion during the quarter, compared to analysts’ expectations of $15.31 billion. During the same period in the prior year, the business posted $4.14 EPS. United Airlines’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Airlines will post 12.96 earnings per share for the current year.

Insider Transactions at United Airlines

In related news, Director Barney Harford sold 15,823 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $90.03, for a total transaction of $1,424,544.69. Following the completion of the transaction, the director owned 89,000 shares of the company’s stock, valued at $8,012,670. This trade represents a 15.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $92.22, for a total value of $1,844,400.00. Following the transaction, the executive vice president directly owned 62,358 shares of the company’s stock, valued at approximately $5,750,654.76. This trade represents a 24.28% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 70,495 shares of company stock worth $6,448,796. 0.71% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wahed Invest LLC increased its position in United Airlines by 5.4% during the 4th quarter. Wahed Invest LLC now owns 2,106 shares of the transportation company’s stock valued at $204,000 after buying an additional 108 shares in the last quarter. Rosenberg Matthew Hamilton increased its position in United Airlines by 14.2% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 935 shares of the transportation company’s stock valued at $74,000 after buying an additional 116 shares in the last quarter. Pinnacle Associates Ltd. increased its position in United Airlines by 1.1% during the 2nd quarter. Pinnacle Associates Ltd. now owns 10,286 shares of the transportation company’s stock valued at $819,000 after buying an additional 116 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of United Airlines by 8.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,759 shares of the transportation company’s stock worth $140,000 after purchasing an additional 143 shares in the last quarter. Finally, Wedbush Securities Inc. increased its holdings in shares of United Airlines by 3.3% in the 1st quarter. Wedbush Securities Inc. now owns 4,651 shares of the transportation company’s stock worth $321,000 after purchasing an additional 147 shares in the last quarter. 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.