United Airlines (NASDAQ: UAL) Downgraded to Neutral at Susquehanna


Susquehanna downgraded shares of United Airlines (NASDAQ: UAL – Get Rating) from a positive rating to a neutral rating in a research report released on Monday, The Fly reports. They currently have $ 35.00 target price on the transportation company’s stock, down from their previous target price of $ 43.00.

Several other equities research analysts also recently weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of United Airlines from $ 52.00 to $ 59.00 and gave the stock a buy rating in a report on Friday, April 22nd. Raymond James reduced their price objective on shares of United Airlines from $ 62.00 to $ 48.00 and set an outperform rating for the company in a report on Thursday, June 23rd. Cowen reduced their price objective on shares of United Airlines from $ 86.50 to $ 75.00 and set an outperform rating for the company in a report on Friday. Evercore ISI reduced their price objective on shares of United Airlines to $ 38.00 in a report on Friday. Finally, MKM Partners boosted their price target on shares of United Airlines from $ 53.00 to $ 59.00 and gave the stock a buy rating in a research report on Friday, April 22nd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $ 52.75.

United Airlines Stock Performance

Shares of UAL opened at $ 36.34 on Monday. United Airlines has a 1 year low of $ 30.54 and a 1 year high of $ 54.52. The company has a market cap of $ 11.87 billion, a price-to-earnings ratio of -9.59 and a beta of 1.32. The company has a debt-to-equity ratio of 7.41, a quick ratio of 0.99 and a current ratio of 1.04. The firm has a fifty day moving average of $ 40.14 and a 200-day moving average of $ 42.85.

United Airlines (NASDAQ: UAL – Get Rating) last announced its quarterly earnings results on Wednesday, July 20th. The transportation company reported $ 1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $ 1.77 by ($ 0.34). United Airlines had a negative net margin of 3.43% and a negative return on equity of 38.92%. The firm had revenue of $ 12.11 billion for the quarter, compared to analyst estimates of $ 12.11 billion. During the same period last year, the firm posted ($ 3.91) EPS. The business’s revenue was up 121.4% compared to the same quarter last year. As a group, equities analysts anticipate that United Airlines will post 0.38 earnings per share for the current year.

Insider Buying and Selling at United Airlines

In related news, Director Edward Shapiro purchased 50,000 shares of United Airlines stock in a transaction dated Monday, June 13th. The stock was acquired at an average cost of $ 37.69 per share, with a total value of $ 1,884,500.00. Following the completion of the transaction, the director now directly owns 100,000 shares of the company’s stock, valued at $ 3,769,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Edward Shapiro purchased 50,000 shares of United Airlines stock in a transaction dated Monday, June 13th. The stock was acquired at an average cost of $ 37.69 per share, with a total value of $ 1,884,500.00. Following the completion of the transaction, the director now directly owns 100,000 shares of the company’s stock, valued at $ 3,769,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Chris Kenny sold 9,700 shares of the stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $ 47.88, for a total transaction of $ 464,436.00. Following the completion of the sale, the vice president now directly owns 19,605 shares of the company’s stock, valued at $ 938,687.40. The disclosure for this sale can be found here. Insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On United Airlines

Hedge funds have recently added to or reduced their stakes in the company. Addison Advisors LLC increased its holdings in United Airlines by 307.7% in the first quarter. Addison Advisors LLC now owns 583 shares of the transportation company’s stock worth $ 27,000 after buying an additional 440 shares during the last quarter. Citizens National Bank Trust Department acquired a new position in United Airlines in the fourth quarter worth approximately $ 31,000. EverSource Wealth Advisors LLC acquired a new position in United Airlines in the fourth quarter worth approximately $ 34,000. CVA Family Office LLC increased its holdings in United Airlines by 643.1% in the second quarter. CVA Family Office LLC now owns 966 shares of the transportation company’s stock worth $ 34,000 after buying an additional 836 shares during the last quarter. Finally, CENTRAL TRUST Co acquired a new position in United Airlines in the first quarter worth approximately $ 35,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

About United Airlines

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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, training, and maintenance services for third parties.

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