United Airlines (NASDAQ:UAL) Price Target Raised to $88.00

United Airlines (NASDAQ:UAL) had its price target hoisted by Morgan Stanley from $80.00 to $88.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an overweight rating on the transportation company’s stock.

A number of other equities research analysts also recently commented on UAL. Susquehanna increased their price objective on shares of United Airlines from $60.00 to $70.00 and gave the company a “positive” rating in a research report on Wednesday, October 9th. 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. Barclays lifted their price target on United Airlines from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, TD Cowen increased their price objective on United Airlines from $80.00 to $100.00 and gave the company a “buy” rating in a report on Thursday. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.51.

United Airlines Stock Up 1.1 %

United Airlines stock opened at $74.15 on Thursday. The firm has a market capitalization of $24.38 billion, a P/E ratio of 9.17, a P/E/G ratio of 0.94 and a beta of 1.44. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 2.07. United Airlines has a twelve month low of $33.68 and a twelve month high of $74.95. The stock’s fifty day simple moving average is $51.38 and its 200-day simple moving average is $49.71.

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

United Airlines announced that its Board of Directors has authorized a stock repurchase program on Tuesday, October 15th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the transportation company to buy up to 7.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of UAL. BNP Paribas purchased a new stake in shares of United Airlines in the first quarter valued at about $25,000. Fidelis Capital Partners LLC acquired a new stake in United Airlines in the first quarter valued at about $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in United Airlines in the 2nd quarter valued at approximately $30,000. Armstrong Advisory Group Inc. acquired a new position in United Airlines during the 3rd quarter worth approximately $36,000. Finally, Crewe Advisors LLC purchased a new position in shares of United Airlines during the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

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.