United Airlines (NASDAQ:UAL) Given New $75.00 Price Target at Barclays

United Airlines (NASDAQ:UAL) had its price objective raised by Barclays from $66.00 to $75.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has an overweight rating on the transportation company’s stock.

Several other brokerages have also recently weighed in on UAL. Jefferies Financial Group lifted their price target on shares of United Airlines from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Susquehanna raised their price objective on United Airlines from $60.00 to $70.00 and gave the company a “positive” rating in a research note on Wednesday, October 9th. Finally, TD Cowen upped their price target on shares of United Airlines from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, United Airlines presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.51.

United Airlines Stock Performance

Shares of UAL stock opened at $74.15 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 2.07. The company’s fifty day moving average price is $51.38 and its 200-day moving average price is $49.71. The stock has a market cap of $24.38 billion, a PE ratio of 9.17, a price-to-earnings-growth ratio of 0.94 and a beta of 1.44. United Airlines has a 12 month low of $33.68 and a 12 month high of $74.95.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.23. The business had revenue of $14.84 billion during the quarter, compared to analyst estimates 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 last year, the business earned $3.65 EPS. On average, equities analysts expect that United Airlines will post 9.88 EPS for the current fiscal year.

United Airlines declared that its board has approved a stock repurchase program on Tuesday, October 15th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On United Airlines

Several large investors have recently added to or reduced their stakes in UAL. BNP Paribas acquired a new stake in United Airlines in the 1st quarter valued at about $25,000. Fidelis Capital Partners LLC purchased a new stake in United Airlines during the first quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in United Airlines during the second quarter worth approximately $30,000. Crewe Advisors LLC acquired a new position in shares of United Airlines in the 1st quarter valued at $32,000. Finally, GoalVest Advisory LLC acquired a new stake in shares of United Airlines during the first quarter worth about $33,000. 69.69% of the stock is owned by hedge funds and other 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.