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

United Airlines (NASDAQ:UAL) had its price target boosted by stock analysts at TD Cowen from $73.00 to $88.00 in a report released on Tuesday,Briefing.com Automated Import reports. The firm currently has a “buy” rating on the transportation company’s stock. TD Cowen’s price objective would indicate a potential upside of 34.76% from the stock’s current price.

Several other research analysts also recently commented on the stock. Raymond James downgraded shares of United Airlines from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 2nd. Barclays reduced their target price on shares of United Airlines from $140.00 to $94.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley boosted their price target on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Jefferies Financial Group lowered their target price on United Airlines from $154.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, April 1st. Finally, UBS Group lifted their price objective on United Airlines from $59.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $97.14.

United Airlines Stock Performance

Shares of NASDAQ:UAL opened at $65.30 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The company has a market capitalization of $21.40 billion, a price-to-earnings ratio of 6.92, a PEG ratio of 0.67 and a beta of 1.19. United Airlines has a 12 month low of $37.02 and a 12 month high of $116.00. The firm’s 50-day moving average is $78.36 and its 200 day moving average is $87.81.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.16. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company had revenue of $13.21 billion during the quarter, compared to analysts’ expectations of $13.47 billion. Research analysts predict that United Airlines will post 12.96 EPS for the current year.

Institutional Investors Weigh In On United Airlines

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new stake in United Airlines during the 3rd quarter worth about $129,000. Franklin Resources Inc. lifted its holdings in shares of United Airlines by 214.7% during the third quarter. Franklin Resources Inc. now owns 202,552 shares of the transportation company’s stock worth $11,558,000 after purchasing an additional 138,191 shares during the period. Principal Financial Group Inc. boosted its position in United Airlines by 3.2% in the third quarter. Principal Financial Group Inc. now owns 378,214 shares of the transportation company’s stock valued at $21,581,000 after buying an additional 11,601 shares during the last quarter. Versant Capital Management Inc increased its holdings in United Airlines by 98.4% in the 4th quarter. Versant Capital Management Inc now owns 1,345 shares of the transportation company’s stock worth $131,000 after buying an additional 667 shares during the period. Finally, GAMMA Investing LLC raised its position in United Airlines by 23.5% during the 4th quarter. GAMMA Investing LLC now owns 4,922 shares of the transportation company’s stock worth $478,000 after buying an additional 937 shares during the last quarter. 69.69% of the stock is currently 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.