Susquehanna Increases United Airlines (NASDAQ:UAL) Price Target to $60.00

United Airlines (NASDAQ:UAL) had its price target raised by equities researchers at Susquehanna from $55.00 to $60.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “positive” rating on the transportation company’s stock. Susquehanna’s price objective indicates a potential upside of 23.10% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. UBS Group initiated coverage on United Airlines in a research report on Wednesday, March 20th. They set a “neutral” rating and a $47.00 price target on the stock. TD Cowen raised their price target on United Airlines from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. StockNews.com raised United Airlines from a “sell” rating to a “hold” rating in a research report on Thursday. Bank of America increased their price objective on United Airlines from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Redburn Atlantic downgraded United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 price objective for the company. in a report on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, United Airlines has a consensus rating of “Moderate Buy” and a consensus price target of $66.20.

United Airlines Trading Up 17.4 %

NASDAQ:UAL opened at $48.74 on Thursday. United Airlines has a 1-year low of $33.68 and a 1-year high of $58.23. The business’s 50-day moving average price is $44.09 and its two-hundred day moving average price is $41.35. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 2.70. The firm has a market capitalization of $16.03 billion, a price-to-earnings ratio of 6.02, a PEG ratio of 0.58 and a beta of 1.55.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.39. The company had revenue of $13.63 billion for the quarter, compared to analyst estimates of $13.55 billion. United Airlines had a return on equity of 40.50% and a net margin of 4.90%. United Airlines’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.46 earnings per share. On average, equities analysts expect that United Airlines will post 9.46 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of UAL. Czech National Bank boosted its stake in shares of United Airlines by 0.5% during the 1st quarter. Czech National Bank now owns 57,714 shares of the transportation company’s stock worth $2,763,000 after acquiring an additional 271 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of United Airlines by 72.1% during the 4th quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock worth $27,000 after acquiring an additional 274 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of United Airlines by 1.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 19,416 shares of the transportation company’s stock worth $930,000 after acquiring an additional 287 shares during the period. 180 Wealth Advisors LLC boosted its stake in shares of United Airlines by 2.2% during the 1st quarter. 180 Wealth Advisors LLC now owns 13,847 shares of the transportation company’s stock worth $663,000 after acquiring an additional 304 shares during the period. Finally, New York Life Investment Management LLC boosted its stake in shares of United Airlines by 0.7% during the 3rd quarter. New York Life Investment Management LLC now owns 45,927 shares of the transportation company’s stock worth $1,943,000 after acquiring an additional 308 shares during the period. 69.69% of the stock is currently owned by institutional investors.

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.