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

United Airlines (NASDAQ:UAL) had its price target lifted by Raymond James from $66.00 to $70.00 in a research report sent to investors on Thursday, Benzinga reports. Raymond James currently has an outperform rating on the transportation company’s stock.

Other equities analysts have also recently issued research reports about the stock. Susquehanna boosted their price objective on shares of United Airlines from $55.00 to $60.00 and gave the company a positive rating in a research report on Thursday. 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 on the stock. Morgan Stanley boosted their price objective on shares of United Airlines from $75.00 to $80.00 and gave the company an overweight rating in a research report on Thursday. Redburn Atlantic cut shares of United Airlines from a buy rating to a neutral rating and set a $50.00 price objective on the stock. in a research report on Tuesday, February 13th. Finally, Evercore ISI raised shares of United Airlines from an in-line rating to an outperform rating and lifted their target price for the company from $58.00 to $65.00 in a research note on Friday, February 9th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, United Airlines currently has a consensus rating of Moderate Buy and a consensus price target of $66.53.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $51.38 on Thursday. The stock has a market cap of $16.89 billion, a PE ratio of 6.35, a PEG ratio of 0.52 and a beta of 1.55. The company’s fifty day moving average is $44.47 and its 200 day moving average is $41.50. United Airlines has a 52 week low of $33.68 and a 52 week high of $58.23. The company has a quick ratio of 0.76, a current ratio of 0.75 and a debt-to-equity ratio of 2.52.

United Airlines (NASDAQ:UAL) last issued its 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. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. The company had revenue of $13.63 billion for the quarter, compared to analysts’ expectations of $13.55 billion. During the same quarter last year, the company earned $2.46 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. Research analysts anticipate that United Airlines will post 9.78 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Czech National Bank lifted its stake in shares of United Airlines by 0.5% in the first quarter. Czech National Bank now owns 57,714 shares of the transportation company’s stock worth $2,763,000 after buying an additional 271 shares in the last quarter. Venturi Wealth Management LLC lifted its stake 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 worth $27,000 after buying an additional 274 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of United Airlines by 1.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 19,416 shares of the transportation company’s stock worth $930,000 after buying an additional 287 shares in the last quarter. 180 Wealth Advisors LLC lifted its stake in shares of United Airlines by 2.2% in the first quarter. 180 Wealth Advisors LLC now owns 13,847 shares of the transportation company’s stock worth $663,000 after buying an additional 304 shares in the last quarter. Finally, New York Life Investment Management LLC lifted its stake in shares of United Airlines by 0.7% in the third quarter. New York Life Investment Management LLC now owns 45,927 shares of the transportation company’s stock worth $1,943,000 after buying an additional 308 shares in the last quarter. 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.