United Airlines (NASDAQ:UAL) PT Raised to $70.00

United Airlines (NASDAQ:UAL) had its price target upped by analysts at Bank of America from $60.00 to $70.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Bank of America‘s price objective would suggest a potential upside of 43.62% from the company’s current price.

Other research analysts have also recently issued research reports about the company. StockNews.com upgraded United Airlines from a “sell” rating to a “hold” rating in a research note on Thursday. Redburn Atlantic cut United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 target price for the company. in a research note on Tuesday, February 13th. Raymond James reduced their price objective on United Airlines from $68.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, December 20th. Evercore ISI raised United Airlines from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $58.00 to $65.00 in a research report on Friday, February 9th. Finally, TD Cowen raised their price objective on United Airlines from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.53.

United Airlines Trading Up 17.4 %

NASDAQ UAL opened at $48.74 on Thursday. The stock has a market cap of $16.03 billion, a P/E ratio of 6.02, a price-to-earnings-growth ratio of 0.58 and a beta of 1.55. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.76 and a current ratio of 0.83. The stock has a 50 day simple moving average of $44.09 and a two-hundred day simple moving average of $41.35. United Airlines has a fifty-two week low of $33.68 and a fifty-two week high of $58.23.

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

Institutional Trading of United Airlines

A number of institutional investors and hedge funds have recently modified their holdings of UAL. NBC Securities Inc. bought a new stake in shares of United Airlines in the third quarter worth $25,000. Loomis Sayles & Co. L P lifted its position in United Airlines by 707.8% during the third quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 545 shares in the last quarter. Clear Street Markets LLC lifted its position in United Airlines by 101.8% during the first quarter. Clear Street Markets LLC now owns 642 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 36,811 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new position in United Airlines during the fourth quarter valued at $27,000. Finally, Venturi Wealth Management LLC lifted its position in shares of United Airlines by 72.1% in the fourth quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 274 shares in the last quarter. 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.