United Airlines (NASDAQ:UAL) Raised to “Strong-Buy” at Dbs Bank

Dbs Bank upgraded shares of United Airlines (NASDAQ:UAL) from a hold rating to a strong-buy rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently commented on UAL. Sanford C. Bernstein lifted their price target on shares of United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Susquehanna upped their target price on United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Thursday, October 17th. Morgan Stanley raised their price target on United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Barclays increased their target price on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, TD Cowen boosted their target price on shares of United Airlines from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $96.15.

United Airlines Trading Up 0.5 %

Shares of UAL stock opened at $96.83 on Tuesday. The company has a market cap of $31.85 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 1.14 and a beta of 1.39. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72. The stock’s 50 day simple moving average is $75.84 and its two-hundred day simple moving average is $57.42. United Airlines has a 1 year low of $37.02 and a 1 year high of $101.60.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.23. The company had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same quarter in the prior year, the firm posted $3.65 EPS. Research analysts predict that United Airlines will post 10.23 earnings per share for the current year.

United Airlines declared that its Board of Directors has initiated a share buyback plan on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Transactions at United Airlines

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of the business’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the sale, the executive vice president now owns 30,427 shares in the company, valued at approximately $2,190,744. The trade was a 32.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the completion of the sale, the executive vice president now owns 63,599 shares of the company’s stock, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 92,000 shares of company stock valued at $8,158,900. Corporate insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its position in shares of United Airlines by 41.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after acquiring an additional 908,558 shares during the period. Aigen Investment Management LP grew its stake in United Airlines by 87.2% during the 3rd quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company’s stock valued at $1,079,000 after purchasing an additional 8,808 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of United Airlines by 16.4% in the first quarter. Tidal Investments LLC now owns 17,429 shares of the transportation company’s stock valued at $835,000 after purchasing an additional 2,456 shares during the period. Icon Wealth Advisors LLC lifted its holdings in shares of United Airlines by 1,886.6% during the third quarter. Icon Wealth Advisors LLC now owns 52,584 shares of the transportation company’s stock worth $3,000,000 after purchasing an additional 49,937 shares during the period. Finally, Senator Investment Group LP boosted its position in United Airlines by 39.5% in the second quarter. Senator Investment Group LP now owns 1,046,051 shares of the transportation company’s stock valued at $50,901,000 after buying an additional 296,051 shares during the last quarter. 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.