United Airlines (NASDAQ:UAL) Price Target Raised to $88.00

United Airlines (NASDAQ:UAL) had its price objective lifted by Morgan Stanley from $80.00 to $88.00 in a research report released on Thursday, Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

A number of other research analysts also recently issued reports on the company. Barclays increased their price objective on United Airlines from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday. TD Cowen lifted their price objective on shares of United Airlines from $80.00 to $100.00 and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group increased their target price on shares of United Airlines from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, Susquehanna raised their target price on shares of United Airlines from $60.00 to $70.00 and gave the company a “positive” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, United Airlines has an average rating of “Moderate Buy” and a consensus price target of $78.88.

United Airlines Stock Performance

Shares of UAL opened at $73.33 on Thursday. The firm has a market cap of $24.11 billion, a P/E ratio of 8.32, a PEG ratio of 0.94 and a beta of 1.44. United Airlines has a twelve month low of $33.68 and a twelve month high of $74.56. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.71 and a current ratio of 0.77. The firm’s 50 day moving average price is $50.73 and its two-hundred day moving average price is $49.50.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, beating the consensus estimate of $3.10 by $0.23. The business had revenue of $14.84 billion for the quarter, compared to analysts’ expectations of $14.76 billion. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. During the same period in the previous year, the firm posted $3.65 EPS. On average, analysts forecast that United Airlines will post 9.88 EPS for the current fiscal year.

United Airlines declared that its Board of Directors has authorized a stock buyback plan on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of United Airlines

A number of hedge funds have recently modified their holdings of the stock. Capital International Investors raised its holdings in United Airlines by 2.4% in the 1st quarter. Capital International Investors now owns 18,502,761 shares of the transportation company’s stock valued at $885,912,000 after acquiring an additional 429,501 shares during the period. Dimensional Fund Advisors LP lifted its holdings in United Airlines by 29.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock worth $272,559,000 after purchasing an additional 1,263,604 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in United Airlines by 489.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company’s stock valued at $111,687,000 after purchasing an additional 1,905,664 shares during the period. Interval Partners LP bought a new position in United Airlines during the 1st quarter worth $103,354,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of United Airlines by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,161,931 shares of the transportation company’s stock worth $55,634,000 after buying an additional 64,542 shares in the last quarter. Institutional investors and hedge funds 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.