Brokerages Set United Airlines Holdings, Inc. (NASDAQ:UAL) Price Target at $74.32

United Airlines Holdings, Inc. (NASDAQ:UAL) has been given an average recommendation of “Moderate Buy” by the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $74.32.

Several research firms have recently weighed in on UAL. Jefferies Financial Group lifted their target price on shares of United Airlines from $69.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Susquehanna lifted their price target 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 increased their price target on United Airlines from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th.

Hedge Funds Weigh In On United Airlines

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wahed Invest LLC increased its position in United Airlines by 13.7% in the 1st quarter. Wahed Invest LLC now owns 1,591 shares of the transportation company’s stock valued at $76,000 after acquiring an additional 192 shares during the period. Mather Group LLC. lifted its stake in shares of United Airlines by 26.6% in the 2nd quarter. Mather Group LLC. now owns 1,174 shares of the transportation company’s stock worth $56,000 after acquiring an additional 247 shares during the period. UMB Bank n.a. increased its stake in shares of United Airlines by 59.7% during the second quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock worth $33,000 after acquiring an additional 255 shares during the period. Czech National Bank raised its holdings in United Airlines by 0.5% during the first quarter. Czech National Bank now owns 57,714 shares of the transportation company’s stock worth $2,763,000 after purchasing an additional 271 shares in the last quarter. Finally, XML Financial LLC lifted its position in United Airlines by 2.3% in the first quarter. XML Financial LLC now owns 11,970 shares of the transportation company’s stock valued at $573,000 after purchasing an additional 272 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Stock Performance

UAL stock opened at $61.80 on Friday. The firm has a 50-day simple moving average of $48.40 and a two-hundred day simple moving average of $48.95. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.71 and a current ratio of 0.77. United Airlines has a one year low of $33.68 and a one year high of $61.92. The firm has a market cap of $20.32 billion, a price-to-earnings ratio of 7.01, a PEG ratio of 0.89 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Wednesday, July 17th. The transportation company reported $4.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.97 by $0.17. The firm had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $15.04 billion. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.03 earnings per share. On average, equities analysts forecast that United Airlines will post 9.88 EPS for the current fiscal year.

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.