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

United Airlines (NASDAQ:UAL) had its price target lowered by UBS Group from $140.00 to $107.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. UBS Group’s target price would suggest a potential upside of 42.91% from the stock’s current price.

Several other analysts have also weighed in on the company. Dbs Bank raised United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Melius Research raised United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. Raymond James reaffirmed an “outperform” rating and issued a $130.00 price objective (up from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Susquehanna reaffirmed a “hold” rating on shares of United Airlines in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. increased their target price on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $112.75.

United Airlines Stock Performance

Shares of NASDAQ UAL opened at $74.87 on Thursday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The stock’s fifty day moving average price is $96.52 and its two-hundred day moving average price is $85.12. United Airlines has a one year low of $37.02 and a one year high of $116.00. The firm has a market cap of $24.51 billion, a price-to-earnings ratio of 7.94, a P/E/G ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $0.30. The company had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. United Airlines’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.00 EPS. On average, equities analysts forecast that United Airlines will post 12.96 EPS for the current year.

Institutional Investors Weigh In On United Airlines

Large investors have recently added to or reduced their stakes in the business. Natixis Advisors LLC grew its holdings in United Airlines by 18.9% in the third quarter. Natixis Advisors LLC now owns 85,680 shares of the transportation company’s stock worth $4,889,000 after purchasing an additional 13,642 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of United Airlines by 1,464.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 207,603 shares of the transportation company’s stock valued at $11,846,000 after buying an additional 194,337 shares during the period. Quest Partners LLC increased its position in United Airlines by 268.7% in the 3rd quarter. Quest Partners LLC now owns 2,791 shares of the transportation company’s stock valued at $159,000 after buying an additional 2,034 shares in the last quarter. Commerce Bank raised its stake in United Airlines by 1.1% during the 3rd quarter. Commerce Bank now owns 17,620 shares of the transportation company’s stock worth $1,005,000 after buying an additional 196 shares during the period. Finally, Landscape Capital Management L.L.C. boosted its holdings in United Airlines by 190.6% in the third quarter. Landscape Capital Management L.L.C. now owns 106,645 shares of the transportation company’s stock worth $6,085,000 after acquiring an additional 69,945 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

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.