Susquehanna Issues Pessimistic Forecast for United Airlines (NASDAQ:UAL) Stock Price

United Airlines (NASDAQ:UAL) had its price target lowered by Susquehanna from $90.00 to $81.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price would suggest a potential upside of 22.17% from the stock’s previous close.

Several other research analysts have also weighed in on the company. Jefferies Financial Group cut their target price on United Airlines from $154.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, April 1st. Evercore ISI dropped their target price on shares of United Airlines from $145.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Morgan Stanley boosted their price objective on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Bank of America reduced their target price on shares of United Airlines from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Finally, UBS Group cut United Airlines from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $107.00 to $59.00 in a research note on Monday, April 7th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, United Airlines presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.95.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $66.30 on Thursday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The business’s fifty day moving average price is $79.13 and its two-hundred day moving average price is $87.32. The stock has a market cap of $21.70 billion, a PE ratio of 7.03, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. United Airlines has a one year low of $37.02 and a one year high of $116.00.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.16. The firm had revenue of $13.21 billion for the quarter, compared to analyst estimates of $13.47 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. On average, analysts forecast that United Airlines will post 12.96 EPS for the current fiscal year.

Hedge Funds Weigh In On United Airlines

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in United Airlines by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company’s stock worth $3,548,797,000 after purchasing an additional 369,500 shares during the period. Capital International Investors raised its stake in shares of United Airlines by 6.3% in the 4th quarter. Capital International Investors now owns 21,261,443 shares of the transportation company’s stock valued at $2,064,825,000 after buying an additional 1,257,443 shares in the last quarter. Sanders Capital LLC lifted its holdings in shares of United Airlines by 46.4% during the 4th quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company’s stock worth $1,344,671,000 after acquiring an additional 4,390,721 shares during the period. Capital World Investors boosted its position in shares of United Airlines by 22.4% during the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company’s stock valued at $950,461,000 after acquiring an additional 1,791,654 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in United Airlines by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 8,554,755 shares of the transportation company’s stock valued at $840,533,000 after acquiring an additional 243,535 shares during the period. 69.69% of the stock is currently owned by institutional investors.

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.