United Airlines (NASDAQ:UAL) Price Target Raised to $130.00

United Airlines (NASDAQ:UAL) had its price target hoisted by Susquehanna from $120.00 to $130.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has a positive rating on the transportation company’s stock.

Several other equities research analysts have also issued reports on UAL. Jefferies Financial Group increased their target price on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Citigroup increased their target price on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Bank of America upped their price target on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Sanford C. Bernstein upped their price target on shares of United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Finally, Morgan Stanley upped their price target on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $110.83.

United Airlines Price Performance

NASDAQ:UAL opened at $109.15 on Tuesday. The firm’s fifty day moving average is $101.37 and its two-hundred day moving average is $74.71. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. United Airlines has a one year low of $37.02 and a one year high of $116.00. The firm has a market cap of $35.90 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 0.69 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same period in the prior year, the company posted $2.00 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Research analysts expect that United Airlines will post 13.09 EPS for the current year.

United Airlines declared that its board has authorized a share buyback program on Tuesday, October 15th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the sale, the executive vice president now owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. The trade was a 48.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.63% of the company’s stock.

Institutional Trading of United Airlines

Several institutional investors have recently made changes to their positions in UAL. B. Riley Wealth Advisors Inc. raised its position in shares of United Airlines by 23.8% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 6,466 shares of the transportation company’s stock valued at $315,000 after buying an additional 1,242 shares during the period. Truist Financial Corp increased its holdings in United Airlines by 34.7% in the 2nd quarter. Truist Financial Corp now owns 34,318 shares of the transportation company’s stock valued at $1,670,000 after purchasing an additional 8,843 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in United Airlines in the 2nd quarter valued at approximately $1,604,000. Handelsbanken Fonder AB increased its holdings in United Airlines by 15.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 32,233 shares of the transportation company’s stock valued at $1,839,000 after purchasing an additional 4,363 shares during the last quarter. Finally, Czech National Bank increased its holdings in United Airlines by 6.9% in the 3rd quarter. Czech National Bank now owns 66,987 shares of the transportation company’s stock valued at $3,822,000 after purchasing an additional 4,331 shares during the last quarter. Hedge funds and other institutional investors 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.