United Airlines (NASDAQ:UAL) Price Target Lowered to $81.00 at Susquehanna

United Airlines (NASDAQ:UAL) had its price objective lowered by investment analysts at Susquehanna from $90.00 to $81.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “positive” rating on the transportation company’s stock. Susquehanna’s price objective would indicate a potential upside of 22.98% from the company’s previous close.

A number of other analysts also recently issued reports on UAL. Bank of America cut their price target on shares of United Airlines from $110.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Morgan Stanley raised their target price on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Jefferies Financial Group reduced their price target on shares of United Airlines from $154.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st. Barclays cut their price objective on United Airlines from $140.00 to $94.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $101.45.

United Airlines Stock Performance

Shares of UAL stock traded down $1.13 during trading hours on Thursday, hitting $65.86. The company’s stock had a trading volume of 2,749,785 shares, compared to its average volume of 7,986,277. United Airlines has a 12-month low of $37.02 and a 12-month high of $116.00. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The stock has a market cap of $21.56 billion, a PE ratio of 6.93, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. The company has a 50 day moving average of $80.67 and a 200 day moving average of $87.19.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.16. The business had revenue of $13.21 billion during the quarter, compared to analysts’ expectations of $13.47 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. On average, sell-side analysts forecast that United Airlines will post 12.96 EPS for the current fiscal year.

Institutional Investors Weigh In On United Airlines

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Jackson Hole Trust acquired a new position in shares of United Airlines in the 4th quarter valued at approximately $25,000. Hemington Wealth Management lifted its holdings in shares of United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after buying an additional 131 shares in the last quarter. Capital A Wealth Management LLC bought a new position in United Airlines during the 4th quarter worth $31,000. Whipplewood Advisors LLC acquired a new stake in shares of United Airlines during the 4th quarter worth approximately $32,000. Finally, Roxbury Financial LLC acquired a new position in United Airlines during the fourth quarter worth about $32,000. 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.