United Airlines (NASDAQ:UAL) Price Target Raised to $133.00

United Airlines (NASDAQ:UAL) had its target price increased by analysts at JPMorgan Chase & Co. from $108.00 to $133.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 28.23% from the stock’s previous close.

UAL has been the subject of a number of other research reports. UBS Group increased their price target on shares of United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday. Sanford C. Bernstein upped their price target on United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. TD Cowen boosted their target price on United Airlines from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 price target on shares of United Airlines in a research report on Friday, November 15th. Finally, Bank of America increased their price objective 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. One equities research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, United Airlines currently has a consensus rating of “Buy” and a consensus price target of $106.45.

United Airlines Stock Performance

NASDAQ:UAL opened at $103.72 on Thursday. United Airlines has a 1-year low of $37.02 and a 1-year high of $105.09. The firm has a market cap of $34.11 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 1.12 and a beta of 1.44. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72. The firm’s fifty day moving average price is $94.42 and its 200 day moving average price is $66.42.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.23. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. The business had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.76 billion. During the same period in the prior year, the business posted $3.65 EPS. On average, sell-side analysts expect that United Airlines will post 10.27 EPS for the current year.

United Airlines announced that its Board of Directors has authorized a share repurchase plan on Tuesday, October 15th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the transportation company to reacquire up to 7.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other United Airlines news, EVP Torbjorn J. Enqvist sold 14,500 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the sale, the executive vice president now owns 30,427 shares in the company, valued at $2,190,744. This represents a 32.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Linda P. Jojo sold 60,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total value of $5,707,200.00. Following the transaction, the executive vice president now directly owns 63,599 shares in the company, valued at approximately $6,049,536.88. This represents a 48.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,000 shares of company stock worth $8,158,900 in the last three months. 0.63% of the stock is owned by insiders.

Institutional Investors Weigh In On United Airlines

Institutional investors and hedge funds have recently made changes to their positions in the company. Huntington National Bank raised its holdings in shares of United Airlines by 10.8% during the third quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock worth $75,000 after purchasing an additional 129 shares during the period. Farther Finance Advisors LLC raised its stake in United Airlines by 13.0% during the third quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock worth $94,000 after acquiring an additional 189 shares during the period. Commerce Bank boosted its stake in United Airlines by 1.1% in the third quarter. Commerce Bank now owns 17,620 shares of the transportation company’s stock valued at $1,005,000 after acquiring an additional 196 shares during the period. Cromwell Holdings LLC grew its holdings in shares of United Airlines by 31.4% during the third quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 222 shares during the last quarter. Finally, Wahed Invest LLC raised its position in shares of United Airlines by 12.6% during the 3rd quarter. Wahed Invest LLC now owns 1,998 shares of the transportation company’s stock worth $114,000 after purchasing an additional 223 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

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.