United Airlines (NASDAQ:UAL) Upgraded to Hold by StockNews.com

United Airlines (NASDAQ:UAL) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

A number of other equities analysts also recently weighed in on UAL. Redburn Atlantic downgraded shares of United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 price target on the stock. in a research note on Tuesday, February 13th. Bank of America raised shares of United Airlines from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $40.00 to $56.00 in a research report on Tuesday, January 9th. UBS Group began coverage on shares of United Airlines in a research report on Wednesday, March 20th. They issued a “neutral” rating and a $47.00 price objective for the company. Susquehanna dropped their price objective on shares of United Airlines from $60.00 to $55.00 and set a “positive” rating for the company in a research report on Tuesday, April 9th. Finally, Raymond James dropped their price objective on shares of United Airlines from $68.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, December 20th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $64.60.

United Airlines Stock Performance

Shares of UAL opened at $48.74 on Thursday. 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 company has a market capitalization of $16.03 billion, a price-to-earnings ratio of 6.19, a PEG ratio of 0.58 and a beta of 1.55. The company’s 50 day simple moving average is $44.09 and its 200 day simple moving average is $41.35. United Airlines has a 1 year low of $33.68 and a 1 year high of $58.23.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.39. The business had revenue of $13.63 billion for the quarter, compared to the consensus estimate of $13.55 billion. United Airlines had a net margin of 4.87% and a return on equity of 41.01%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.46 earnings per share. On average, sell-side analysts predict that United Airlines will post 9.46 EPS for the current year.

Institutional Trading of United Airlines

Several hedge funds have recently bought and sold shares of the company. JB Capital LLC acquired a new position in United Airlines during the 4th quarter valued at about $201,000. NWI Management LP increased its stake in United Airlines by 69.6% during the 3rd quarter. NWI Management LP now owns 195,000 shares of the transportation company’s stock valued at $8,249,000 after buying an additional 80,000 shares during the period. Allspring Global Investments Holdings LLC increased its stake in United Airlines by 43.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 295,615 shares of the transportation company’s stock valued at $12,197,000 after buying an additional 89,106 shares during the period. Los Angeles Capital Management LLC increased its stake in United Airlines by 1,993.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 861,835 shares of the transportation company’s stock valued at $36,456,000 after buying an additional 820,660 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its stake in United Airlines by 145.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 20,396 shares of the transportation company’s stock valued at $863,000 after buying an additional 12,070 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.