United Airlines (NASDAQ:UAL) Given New $84.00 Price Target at Bank of America

United Airlines (NASDAQ:UAL) had its price target boosted by Bank of America from $70.00 to $84.00 in a research report report published on Thursday, Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Several other equities research analysts also recently weighed in on UAL. Susquehanna upped their price target on United Airlines from $60.00 to $70.00 and gave the stock a “positive” rating in a report on Wednesday, October 9th. Morgan Stanley upped their target price on shares of United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday. Barclays lifted their price target on shares of United Airlines from $66.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday. TD Cowen raised their price objective on shares of United Airlines from $80.00 to $100.00 and gave the company a “buy” rating in a report on Thursday. Finally, Jefferies Financial Group increased their target price on United Airlines from $69.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.51.

United Airlines Trading Up 1.1 %

NASDAQ UAL opened at $74.15 on Thursday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.71 and a current ratio of 0.77. The firm has a market cap of $24.38 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 0.94 and a beta of 1.44. The firm has a 50 day simple moving average of $51.38 and a 200-day simple moving average of $49.71. United Airlines has a one year low of $33.68 and a one year high of $74.95.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, beating the consensus estimate of $3.10 by $0.23. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The company had revenue of $14.84 billion during the quarter, compared to analysts’ expectations of $14.76 billion. During the same quarter last year, the company posted $3.65 EPS. Equities research analysts anticipate that United Airlines will post 9.88 EPS for the current fiscal year.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. grew its holdings in shares of United Airlines by 8.6% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 5,671 shares of the transportation company’s stock worth $234,000 after buying an additional 447 shares during the last quarter. HighPoint Advisor Group LLC purchased a new position in shares of United Airlines in the 4th quarter valued at approximately $300,000. Moody National Bank Trust Division acquired a new position in shares of United Airlines in the first quarter valued at approximately $227,000. GAMMA Investing LLC raised its stake in shares of United Airlines by 54.9% during the first quarter. GAMMA Investing LLC now owns 2,698 shares of the transportation company’s stock worth $129,000 after purchasing an additional 956 shares during the last quarter. Finally, Mather Group LLC. acquired a new stake in shares of United Airlines during the first quarter worth $44,000. 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.