United Airlines (NASDAQ:UAL – Free Report) had its price objective lowered by Argus from $140.00 to $125.00 in a research report report published on Thursday morning, Marketbeat reports. Argus currently has a buy rating on the transportation company’s stock.
UAL has been the subject of several other reports. TD Cowen decreased their price target on shares of United Airlines from $192.00 to $167.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. Susquehanna reduced their price objective on shares of United Airlines from $150.00 to $130.00 and set a “positive” rating for the company in a research note on Thursday. Zacks Research cut shares of United Airlines from a “hold” rating to a “strong sell” rating in a research report on Monday, September 28th. Jefferies Financial Group reissued a “buy” rating and set a $142.00 target price on shares of United Airlines in a research report on Wednesday. Finally, Sanford C. Bernstein set a $160.00 target price on shares of United Airlines in a research note on Tuesday. Sixteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $156.19.
Get Our Latest Stock Analysis on United Airlines
United Airlines Trading Down 4.0%
Shares of NASDAQ:UAL opened at $97.93 on Thursday. The company has a market capitalization of $31.82 billion, a PE ratio of 8.96, a P/E/G ratio of 1.19 and a beta of 1.30. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.38. United Airlines has a 12-month low of $84.64 and a 12-month high of $138.77. The business’s fifty day simple moving average is $108.88 and its 200-day simple moving average is $110.69.
United Airlines (NASDAQ:UAL – Get Free Report) last issued its quarterly earnings data on Tuesday, October 20th. The transportation company reported $2.54 earnings per share for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.03). United Airlines had a net margin of 5.46% and a return on equity of 17.59%. The company had revenue of $17.88 billion for the quarter, compared to the consensus estimate of $17.89 billion. During the same period in the previous year, the business earned $2.78 EPS. United Airlines’s revenue for the quarter was up 17.4% compared to the same quarter last year. As a group, equities research analysts predict that United Airlines will post 7.17 earnings per share for the current fiscal year.
Insider Transactions at United Airlines
In other United Airlines news, President Brett J. Hart sold 30,108 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $120.72, for a total value of $3,634,637.76. Following the completion of the sale, the president owned 371,583 shares of the company’s stock, valued at approximately $44,857,499.76. This trade represents a 7.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Andrew Nocella sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $117.00, for a total value of $585,000.00. Following the completion of the sale, the executive vice president directly owned 214,955 shares of the company’s stock, valued at approximately $25,149,735. This represents a 2.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 42,308 shares of company stock valued at $5,122,554. 0.86% of the stock is currently owned by company insiders.
Institutional Trading of United Airlines
Institutional investors have recently bought and sold shares of the stock. Dunhill Financial LLC acquired a new position in United Airlines during the 2nd quarter valued at approximately $25,000. Elevation Wealth Partners LLC raised its holdings in shares of United Airlines by 393.0% in the second quarter. Elevation Wealth Partners LLC now owns 212 shares of the transportation company’s stock worth $29,000 after buying an additional 169 shares during the last quarter. Trust Co. of Vermont acquired a new stake in shares of United Airlines during the second quarter worth $29,000. Rakuten Securities Inc. acquired a new stake in shares of United Airlines during the second quarter worth $32,000. Finally, NBH Bank acquired a new stake in shares of United Airlines during the second quarter worth $35,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.
Trending Headlines about United Airlines
Here are the key news stories impacting United Airlines this week:
- Positive Sentiment: Analysts remain constructive on UAL. Morgan Stanley reaffirmed its Buy rating, while TD Cowen maintained its Buy rating. Wells Fargo, Argus and Susquehanna also retain positive ratings, with price targets ranging from $125 to $155 despite recent reductions. Morgan Stanley Reaffirms Their Buy Rating on United Airlines Holdings
- Positive Sentiment: United’s premium-travel strategy, record third-quarter revenue and forecast for fourth-quarter revenue growth above 20% support the long-term case for higher margins and stronger earnings. United Airlines targets double-digit margins
- Positive Sentiment: Heavy trading in UAL call options indicates that some traders are positioning for a rebound, although options activity is not a guarantee of future performance. Stock Traders Purchase Large Volume of United Airlines Call Options
- Neutral Sentiment: United is opening what is described as the largest airport lounge in the Americas, potentially strengthening its premium brand and customer experience, but the near-term financial impact is unclear. United Airlines is opening the largest airport lounge in the Americas
- Negative Sentiment: Higher oil and jet-fuel prices are the main near-term concern. Airlines are favoring higher fares over fuller planes to protect profits, while United’s profit outlook was reportedly well below estimates because of fuel costs. US airlines favor higher fares over fuller planes as fuel costs squeeze profits
- Negative Sentiment: UAL is declining alongside American Airlines and Delta as the oil-price surge reverses the airline sector’s post-earnings relief rally. American Airlines Sinks as Oil Climb Reverses Post-Earnings Rebound
- Negative Sentiment: BMO Capital cut its UAL price target to $135 from $140, adding to concerns that analysts are moderating expectations even while maintaining a generally bullish stance. BMO Capital Adjusts Price Target on United Airlines
About United Airlines
United Airlines Holdings, Inc is the parent company of United Airlines, a major U.S. commercial airline headquartered in Chicago, Illinois. The company provides scheduled passenger air transportation and air cargo services, connecting customers across the United States and to international destinations.
United operates a broad network serving North America, Latin America, Europe, Asia, Africa and Oceania. Its operations are supported by hubs in major U.S. cities, including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco and Washington, DC, as well as an extensive network of regional carriers operating under the United Express brand.
The company offers several travel classes and related services, including premium-cabin seating, onboard amenities, airport lounges and the MileagePlus customer loyalty program.
Recommended Stories
- Five stocks we like better than United Airlines
- Bloom Energy Just Reported—Its Biggest Order Is Still Waiting on a Pipeline
- Why Western Digital’s AI Storage Boom Defies the Chip Sell-Off
- Grand Canyon Education Strengthens Its Outlook, But Wall Street Remains Divided
- Amex Stock Slides on Job Cuts, But the Real Story Is Macro
Receive News & Ratings for United Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Airlines and related companies with MarketBeat.com's FREE daily email newsletter.
