United Airlines (NASDAQ:UAL) Price Target Raised to $120.00

United Airlines (NASDAQ:UAL) had its price target raised by Susquehanna from $85.00 to $120.00 in a research note released on Tuesday,Benzinga reports. They currently have a positive rating on the transportation company’s stock.

Other equities research analysts have also issued research reports about the stock. Sanford C. Bernstein upped their target price on shares of United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. UBS Group upped their price objective on shares of United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday. Barclays raised their target price on shares of United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Melius Research upgraded United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Dbs Bank upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, United Airlines has an average rating of “Buy” and a consensus target price of $106.45.

United Airlines Stock Up 2.5 %

Shares of NASDAQ UAL opened at $103.72 on Tuesday. The firm has a market cap of $34.11 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 1.12 and a beta of 1.44. The company’s 50-day simple moving average is $94.93 and its 200-day simple moving average is $66.68. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. United Airlines has a 52-week low of $37.02 and a 52-week high of $105.09.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, topping the consensus estimate of $3.10 by $0.23. The company had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same period in the previous year, the business earned $3.65 EPS. Equities analysts predict that United Airlines will post 10.27 EPS for the current fiscal year.

United Airlines declared that its Board of Directors has approved a stock repurchase program on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Insider Transactions at United Airlines

In other United Airlines news, EVP Kate Gebo sold 17,500 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.44, for a total value of $1,407,700.00. Following the completion of the transaction, the executive vice president now owns 40,012 shares in the company, valued at $3,218,565.28. The trade was a 30.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $72.00, for a total value of $1,044,000.00. Following the completion of the sale, the executive vice president now owns 30,427 shares in the company, valued at approximately $2,190,744. The trade was a 32.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 92,000 shares of company stock worth $8,158,900. 0.63% of the stock is currently owned by insiders.

Institutional Trading of United Airlines

Hedge funds have recently added to or reduced their stakes in the company. Huntington National Bank raised its holdings in shares of United Airlines by 10.8% in the 3rd quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock valued at $75,000 after purchasing an additional 129 shares in the last quarter. Farther Finance Advisors LLC raised its stake in United Airlines by 13.0% in the third quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock valued at $94,000 after buying an additional 189 shares in the last quarter. Commerce Bank raised its stake in United Airlines by 1.1% in the third quarter. Commerce Bank now owns 17,620 shares of the transportation company’s stock valued at $1,005,000 after buying an additional 196 shares in the last quarter. Cromwell Holdings LLC boosted its position in shares of United Airlines by 31.4% during the 3rd quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock worth $53,000 after acquiring an additional 222 shares in the last quarter. Finally, Wahed Invest LLC increased its holdings in shares of United Airlines by 12.6% in the 3rd quarter. Wahed Invest LLC now owns 1,998 shares of the transportation company’s stock valued at $114,000 after acquiring an additional 223 shares during the last quarter. Institutional investors and hedge funds 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.