United Airlines Holdings, Inc. (NASDAQ:UAL) Given Consensus Rating of “Moderate Buy” by Brokerages

United Airlines Holdings, Inc. (NASDAQ:UAL) has received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $66.53.

A number of analysts have recently commented on UAL shares. Bank of America upped their target price on United Airlines from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Redburn Atlantic downgraded United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 target price on the stock. in a research note on Tuesday, February 13th. UBS Group started coverage on United Airlines in a research note on Wednesday, March 20th. They issued a “neutral” rating and a $47.00 target price on the stock. Morgan Stanley increased their price target on United Airlines from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Finally, Evercore ISI upgraded United Airlines from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $58.00 to $65.00 in a research report on Friday, February 9th.

Insider Transactions at United Airlines

In other news, EVP Kate Gebo sold 15,000 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $50.86, for a total transaction of $762,900.00. Following the completion of the transaction, the executive vice president now directly owns 57,512 shares in the company, valued at $2,925,060.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI increased its position in shares of United Airlines by 109.8% during the third quarter. National Bank of Canada FI now owns 304,607 shares of the transportation company’s stock worth $12,677,000 after purchasing an additional 159,426 shares in the last quarter. Vontobel Holding Ltd. increased its position in shares of United Airlines by 0.6% during the third quarter. Vontobel Holding Ltd. now owns 80,560 shares of the transportation company’s stock worth $3,408,000 after purchasing an additional 467 shares in the last quarter. Kentucky Retirement Systems acquired a new stake in shares of United Airlines during the third quarter worth about $1,194,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of United Airlines during the third quarter worth about $533,000. Finally, Summit Global Investments increased its position in shares of United Airlines by 10.1% during the third quarter. Summit Global Investments now owns 144,208 shares of the transportation company’s stock worth $6,100,000 after purchasing an additional 13,211 shares in the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

United Airlines Stock Up 0.2 %

Shares of UAL stock opened at $54.03 on Friday. The stock’s 50-day simple moving average is $44.93 and its 200-day simple moving average is $41.67. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.69 and a current ratio of 0.75. The firm has a market capitalization of $17.77 billion, a PE ratio of 6.68, a P/E/G ratio of 0.52 and a beta of 1.55. 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 announced its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.39. The business had revenue of $13.63 billion for the quarter, compared to analyst estimates of $13.55 billion. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. The company’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.46 earnings per share. Equities analysts expect that United Airlines will post 9.78 earnings per share for the current year.

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.