TD Cowen Issues Positive Forecast for United Airlines (NASDAQ:UAL) Stock Price

United Airlines (NASDAQ:UAL) had its price target upped by stock analysts at TD Cowen from $142.00 to $165.00 in a research report issued on Friday,Briefing.com Automated Import reports. The brokerage currently has a “buy” rating on the transportation company’s stock. TD Cowen’s price objective suggests a potential upside of 60.19% from the company’s current price.

UAL has been the topic of a number of other reports. Bank of America boosted their price target on shares of United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Melius Research upgraded United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. Susquehanna raised their price target on United Airlines from $85.00 to $120.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. Morgan Stanley boosted their price objective on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Barclays raised their target price on United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $110.20.

United Airlines Trading Down 4.6 %

Shares of United Airlines stock opened at $103.00 on Friday. The stock has a 50 day moving average of $98.88 and a 200 day moving average of $70.51. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.72 and a current ratio of 0.81. The firm has a market capitalization of $33.87 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 0.77 and a beta of 1.44. United Airlines has a fifty-two week low of $37.02 and a fifty-two week high of $116.00.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. The business had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.00 EPS. As a group, research analysts predict that United Airlines will post 12.7 earnings per share for the current year.

United Airlines declared that its board has approved a stock repurchase plan on Tuesday, October 15th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the transportation company to buy up to 7.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at United Airlines

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the sale, the executive vice president now owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kate Gebo sold 17,500 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the sale, the executive vice president now owns 40,012 shares of the company’s stock, valued at $3,218,565.28. This represents a 30.43 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is owned by insiders.

Hedge Funds Weigh In On United Airlines

Hedge funds have recently made changes to their positions in the company. Sei Investments Co. grew its stake in United Airlines by 1.7% during the 2nd quarter. Sei Investments Co. now owns 146,621 shares of the transportation company’s stock worth $7,135,000 after buying an additional 2,471 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of United Airlines in the second quarter valued at approximately $9,026,000. Dark Forest Capital Management LP grew its position in shares of United Airlines by 108.9% during the second quarter. Dark Forest Capital Management LP now owns 8,950 shares of the transportation company’s stock worth $436,000 after acquiring an additional 4,666 shares during the last quarter. Susquehanna Fundamental Investments LLC increased its holdings in shares of United Airlines by 28.4% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 236,943 shares of the transportation company’s stock valued at $11,530,000 after acquiring an additional 52,458 shares during the period. Finally, Driehaus Capital Management LLC purchased a new stake in United Airlines in the 2nd quarter valued at $670,000. Hedge funds and other 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.