Brokerages Set United Airlines Holdings, Inc. (NASDAQ:UAL) Target Price at $113.88

Shares of United Airlines Holdings, Inc. (NASDAQ:UAL) have been assigned an average rating of “Buy” from the seventeen ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $114.95.

A number of analysts recently issued reports on UAL shares. JPMorgan Chase & Co. boosted their price target on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. TD Cowen boosted their price objective on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Susquehanna reissued a “hold” rating on shares of United Airlines in a research note on Tuesday, February 25th. Raymond James reissued an “outperform” rating and issued a $130.00 price objective (up previously from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Finally, UBS Group boosted their price objective on shares of United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th.

Hedge Funds Weigh In On United Airlines

Hedge funds have recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new stake in United Airlines in the fourth quarter valued at $137,000. State Street Corp boosted its holdings in United Airlines by 0.8% in the third quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock valued at $588,874,000 after purchasing an additional 78,470 shares during the last quarter. Longbow Finance SA purchased a new stake in United Airlines in the fourth quarter valued at $9,359,000. Charles Schwab Investment Management Inc. boosted its holdings in United Airlines by 41.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after purchasing an additional 908,558 shares during the last quarter. Finally, MidWestOne Financial Group Inc. boosted its holdings in United Airlines by 28.0% in the third quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock valued at $3,064,000 after purchasing an additional 11,743 shares during the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Stock Up 5.4 %

Shares of NASDAQ:UAL opened at $73.67 on Monday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The firm has a market capitalization of $24.12 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. The business has a 50 day simple moving average of $99.44 and a two-hundred day simple moving average of $84.65. United Airlines has a 1 year low of $37.02 and a 1 year high of $116.00.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. The firm had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. United Airlines’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.00 earnings per share. On average, equities analysts predict that United Airlines will post 12.96 EPS 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, flight academy, and maintenance services for third parties.