Brokerages Set United Airlines Holdings, Inc. (NASDAQ:UAL) Price Target at $96.15

United Airlines Holdings, Inc. (NASDAQ:UAL) has been assigned an average rating of “Buy” from the sixteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Fifteen research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $96.15.

Several brokerages recently weighed in on UAL. Barclays boosted their target price on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. The Goldman Sachs Group reiterated a “buy” rating and issued a $119.00 target price on shares of United Airlines in a research note on Friday, November 15th. TD Cowen upped their price target on shares of United Airlines from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Bank of America lifted their price objective on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Finally, Morgan Stanley raised their target price on United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th.

Insider Buying and Selling at United Airlines

In other United Airlines news, EVP Kate Gebo sold 17,500 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $80.44, for a total value 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 trade represents a 30.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Linda P. Jojo sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total value of $5,707,200.00. Following the transaction, the executive vice president now directly owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. The trade was a 48.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,000 shares of company stock valued at $8,158,900. Corporate insiders own 0.63% of the company’s stock.

Institutional Trading of United Airlines

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Tidal Investments LLC boosted its holdings in United Airlines by 16.4% in the 1st quarter. Tidal Investments LLC now owns 17,429 shares of the transportation company’s stock worth $835,000 after buying an additional 2,456 shares during the last quarter. Comerica Bank increased its position in shares of United Airlines by 8.3% during the first quarter. Comerica Bank now owns 52,457 shares of the transportation company’s stock worth $2,512,000 after purchasing an additional 4,002 shares in the last quarter. PGGM Investments acquired a new position in United Airlines in the 1st quarter valued at $327,000. Cetera Investment Advisers lifted its holdings in United Airlines by 266.3% in the 1st quarter. Cetera Investment Advisers now owns 48,021 shares of the transportation company’s stock valued at $2,299,000 after purchasing an additional 34,910 shares in the last quarter. Finally, Cetera Advisors LLC acquired a new stake in United Airlines during the 1st quarter worth $617,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Stock Performance

UAL stock opened at $97.44 on Friday. United Airlines has a one year low of $37.02 and a one year high of $101.60. The firm has a market cap of $32.05 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 1.15 and a beta of 1.39. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79. The firm has a 50-day simple moving average of $75.84 and a two-hundred day simple moving average of $57.45.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.23. The company had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.76 billion. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. During the same period last year, the firm earned $3.65 earnings per share. On average, equities analysts forecast that United Airlines will post 10.23 EPS for the current fiscal year.

United Airlines announced that its board has approved a stock buyback plan on Tuesday, October 15th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the transportation company to buy up to 7.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

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.