United Airlines (NASDAQ:UAL) Price Target Raised to $95.00

United Airlines (NASDAQ:UAL) had its target price lifted by Jefferies Financial Group from $75.00 to $95.00 in a research note issued to investors on Monday morning, Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

Several other equities analysts also recently commented on UAL. TD Cowen upped their price target on shares of United Airlines from $80.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Sanford C. Bernstein upped their target price 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. Bank of America upped their target price on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Morgan Stanley upped their target price on shares of United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Finally, Susquehanna upped their target price on shares of United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, United Airlines presently has an average rating of “Moderate Buy” and a consensus price target of $78.94.

United Airlines Stock Performance

Shares of NASDAQ:UAL opened at $74.51 on Monday. The company has a market capitalization of $24.50 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 0.89 and a beta of 1.44. United Airlines has a 12 month low of $33.68 and a 12 month high of $75.41. The firm’s 50-day moving average is $53.39 and its 200 day moving average is $50.35. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS 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 the consensus estimate of $14.76 billion. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. During the same period in the prior year, the firm posted $3.65 EPS. Research analysts predict that United Airlines will post 10.18 EPS for the current year.

United Airlines announced that its board has approved a share buyback plan on Tuesday, October 15th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at United Airlines

In related news, EVP Torbjorn J. Enqvist sold 14,500 shares of the stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the completion of the sale, the executive vice president now owns 30,427 shares of the company’s stock, valued at $2,190,744. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.63% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On United Airlines

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. raised its holdings in shares of United Airlines by 8.6% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 5,671 shares of the transportation company’s stock worth $234,000 after buying an additional 447 shares during the last quarter. Mather Group LLC. purchased a new position in shares of United Airlines in the first quarter worth $44,000. Global Assets Advisory LLC purchased a new position in shares of United Airlines in the first quarter worth $1,086,000. GoalVest Advisory LLC purchased a new position in shares of United Airlines in the first quarter worth $33,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of United Airlines by 1.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 19,416 shares of the transportation company’s stock worth $930,000 after buying an additional 287 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Company Profile

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.