TD Cowen Increases United Airlines (NASDAQ:UAL) Price Target to $165.00

United Airlines (NASDAQ:UAL) had its price objective lifted by TD Cowen from $142.00 to $165.00 in a research note published on Friday morning, Marketbeat reports. The firm currently has a buy rating on the transportation company’s stock.

Other research analysts also recently issued reports about the company. Citigroup raised their price objective on United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. UBS Group lifted their price objective on United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Dbs Bank upgraded shares of United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Morgan Stanley upped their price target on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Barclays lifted their price objective on shares of United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $110.20.

United Airlines Stock Up 1.9 %

Shares of UAL opened at $105.00 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. United Airlines has a 52-week low of $37.02 and a 52-week high of $116.00. The company has a market cap of $34.53 billion, a PE ratio of 11.13, a P/E/G ratio of 0.77 and a beta of 1.44. The business has a fifty day moving average of $99.11 and a 200 day moving average of $70.73.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.30. The firm had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.00 earnings per share. On average, sell-side analysts expect that United Airlines will post 12.7 EPS for the current year.

United Airlines declared that its board has initiated a share repurchase program on Tuesday, October 15th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at United Airlines

In related news, EVP Kate Gebo sold 17,500 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the sale, the executive vice president now directly owns 40,012 shares of the company’s stock, valued at approximately $3,218,565.28. This represents a 30.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $95.12, for a total value of $5,707,200.00. Following the completion of the transaction, the executive vice president now owns 63,599 shares of the company’s stock, 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. Company insiders own 0.63% of the company’s stock.

Institutional Investors Weigh In On United Airlines

Several institutional investors have recently bought and sold shares of UAL. Global Trust Asset Management LLC acquired a new position in United Airlines during the third quarter worth $29,000. Strategic Investment Solutions Inc. IL acquired a new stake in United Airlines in the 2nd quarter valued at approximately $30,000. Armstrong Advisory Group Inc. purchased a new stake in shares of United Airlines in the 3rd quarter valued at $36,000. Winch Advisory Services LLC acquired a new stake in shares of United Airlines during the fourth quarter worth about $38,000. Finally, Blue Trust Inc. boosted its position in United Airlines by 108.6% in the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock valued at $43,000 after buying an additional 392 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

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.