Brokerages Set United Airlines Holdings, Inc. (NASDAQ:UAL) PT at $56.31

United Airlines Holdings, Inc. (NASDAQ:UAL – Get Rating) has earned an average recommendation of “Hold” from the twenty-two analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $56.31.

UAL has been the topic of several analyst reports. Barclays upgraded United Airlines from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $52.00 to $80.00 in a report on Friday, March 10th. Morgan Stanley upgraded United Airlines from an “equal weight” rating to an “overweight” rating and set a $67.00 price objective for the company in a research note on Monday, December 5th. The Goldman Sachs Group started coverage on United Airlines in a research note on Friday, December 16th. They set a “buy” rating and a $51.00 price objective for the company. Redburn Partners upgraded United Airlines from a “sell” rating to a “neutral” rating and set a $55.00 price objective for the company in a research note on Wednesday, February 8th. Finally, BNP Paribas upgraded United Airlines from an “underperform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research note on Tuesday, March 7th.

Insider Transactions at United Airlines

In other news, Director Edward Shapiro acquired 25,000 shares of the company’s stock in a transaction dated Wednesday, March 15th. The shares were bought at an average price of $42.59 per share, with a total value of $1,064,750.00. Following the purchase, the director now owns 200,000 shares of the company’s stock, valued at $8,518,000. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Edward Shapiro acquired 25,000 shares of the company’s stock in a transaction dated Wednesday, March 15th. The shares were bought at an average price of $42.59 per share, with a total value of $1,064,750.00. Following the purchase, the director now owns 200,000 shares of the company’s stock, valued at $8,518,000. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Chris Kenny sold 16,000 shares of United Airlines stock in a transaction on Friday, February 10th. The stock was sold at an average price of $48.94, for a total value of $783,040.00. Following the completion of the transaction, the vice president now owns 8,132 shares in the company, valued at $397,980.08. The disclosure for this sale can be found here. Company insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On United Airlines

Hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp grew its holdings in shares of United Airlines by 401.0% in the 2nd quarter. Mackenzie Financial Corp now owns 99,571 shares of the transportation company’s stock worth $3,527,000 after acquiring an additional 79,696 shares during the last quarter. Lido Advisors LLC grew its holdings in shares of United Airlines by 79.0% in the 3rd quarter. Lido Advisors LLC now owns 10,593 shares of the transportation company’s stock worth $344,000 after acquiring an additional 4,676 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of United Airlines by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 35,754,328 shares of the transportation company’s stock worth $1,163,088,000 after acquiring an additional 244,174 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of United Airlines by 2.8% during the third quarter. Hsbc Holdings PLC now owns 255,282 shares of the transportation company’s stock valued at $8,412,000 after buying an additional 6,852 shares in the last quarter. Finally, Engineers Gate Manager LP grew its holdings in shares of United Airlines by 358.4% during the third quarter. Engineers Gate Manager LP now owns 134,024 shares of the transportation company’s stock valued at $4,360,000 after buying an additional 104,788 shares in the last quarter. 59.73% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Stock Performance

Shares of NASDAQ:UAL opened at $43.04 on Thursday. The company has a market cap of $14.08 billion, a P/E ratio of 19.83, a PEG ratio of 0.10 and a beta of 1.43. The company has a debt-to-equity ratio of 4.12, a quick ratio of 0.95 and a current ratio of 1.00. United Airlines has a one year low of $31.58 and a one year high of $55.04. The business’s 50-day simple moving average is $49.65 and its 200 day simple moving average is $42.98.

United Airlines (NASDAQ:UAL – Get Rating) last announced its earnings results on Tuesday, January 17th. The transportation company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.07 by $0.39. The business had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $12.23 billion. United Airlines had a return on equity of 17.15% and a net margin of 1.64%. The company’s revenue was up 51.4% on a year-over-year basis. During the same period last year, the business posted ($1.60) EPS. On average, sell-side analysts forecast that United Airlines will post 9.08 earnings per share for the current fiscal year.

About United Airlines

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United Airlines Holdings, Inc is a holding company, which engages in the provision of transportation services. It operates through the following geographical segments: Domestic, Atlantic, Pacific, and Latin America. The company was founded on December 30, 1968 and is headquartered in Chicago, IL.