United Airlines Holdings, Inc. (NASDAQ: UAL – Get Rating) has received a consensus rating of “Hold” from the eighteen brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $ 53.10.
UAL has been the topic of a number of research reports. Evercore ISI decreased their price objective on United Airlines to $ 38.00 in a report on Friday, July 22nd. BNP Paribas lowered United Airlines from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $ 38.00 to $ 33.00 in a report on Thursday, July 7th. Susquehanna lowered United Airlines from a “positive” rating to a “neutral” rating and set a $ 35.00 price objective on the stock. in a report on Wednesday, August 3rd. Argus lowered United Airlines from a “buy” rating to a “hold” rating in a report on Thursday, July 7th. Finally, Citigroup reduced their target price on United Airlines from $ 71.00 to $ 56.00 and set a “buy” rating on the stock in a report on Monday, July 25th.
Insider Buying and Selling at United Airlines
In other United Airlines news, VP Chris Kenny sold 9,700 shares of the stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $ 47.88, for a total value of $ 464,436.00. Following the completion of the transaction, the vice president now directly owns 19,605 shares in the company, valued at $ 938,687.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Edward Shapiro bought 25,000 shares of the company’s stock in a transaction on Monday, July 25th. The stock was purchased at an average cost of $ 35.84 per share, for a total transaction of $ 896,000.00. Following the completion of the transaction, the director now owns 125,000 shares of the company’s stock, valued at $ 4,480,000. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Chris Kenny sold 9,700 shares of the stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $ 47.88, for a total value of $ 464,436.00. Following the completion of the transaction, the vice president now owns 19,605 shares of the company’s stock, valued at $ 938,687.40. The disclosure for this sale can be found here. Over the last three months, insiders bought 100,000 shares of company stock worth $ 3,910,500. 0.37% of the stock is currently owned by insiders.
Hedge Funds Weigh In On United Airlines
A number of hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors raised its position in shares of United Airlines by 5.3% during the second quarter. Captrust Financial Advisors now owns 6,660 shares of the transportation company’s stock worth $ 236,000 after acquiring an additional 334 shares during the last quarter. ExodusPoint Capital Management LP raised its position in shares of United Airlines by 493.0% during the second quarter. ExodusPoint Capital Management LP now owns 314,974 shares of the transportation company’s stock worth $ 11,156,000 after acquiring an additional 261,856 shares during the last quarter. Castleview Partners LLC raised its position in shares of United Airlines by 700.4% during the second quarter. Castleview Partners LLC now owns 1,817 shares of the transportation company’s stock worth $ 72,000 after acquiring an additional 1,590 shares during the last quarter. Advisory Research Inc. raised its position in shares of United Airlines by 25.2% during the second quarter. Advisory Research Inc. now owns 9,516 shares of the transportation company’s stock worth $ 337,000 after acquiring an additional 1,917 shares during the last quarter. Finally, United Services Automobile Association bought a new position in shares of United Airlines during the second quarter worth about $ 420,000. 57.92% of the stock is currently owned by institutional investors.
United Airlines Stock Down 4.4%
UAL opened at $ 36.57 on Friday. United Airlines has a 1-year low of $ 30.54 and a 1-year high of $ 54.52. The stock’s fifty day simple moving average is $ 37.58 and its 200 day simple moving average is $ 41.78. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 7.41. The stock has a market cap of $ 11.95 billion, a PE ratio of -9.65 and a beta of 1.29.
United Airlines (NASDAQ: UAL – Get Rating) last issued its quarterly earnings data on Wednesday, July 20th. The transportation company reported $ 1.43 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $ 12.11 billion. During the same period in the prior year, the company earned ($ 3.91) earnings per share. The business’s quarterly revenue was up 121.4% compared to the same quarter last year. As a group, research analysts expect that United Airlines will post 0.6 earnings per share for the current year.
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, training, and maintenance services for third parties.
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