United Airlines Holdings Inc (NASDAQ:UAL) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Shares of United Airlines Holdings Inc (NASDAQ:UAL) have been given an average recommendation of “Moderate Buy” by the eighteen analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and sixteen have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $156.19.

A number of research firms recently weighed in on UAL. Wall Street Zen lowered shares of United Airlines from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Susquehanna decreased their price target on shares of United Airlines from $150.00 to $130.00 and set a “positive” rating on the stock in a research note on Thursday, October 22nd. UBS Group lowered their price objective on shares of United Airlines from $146.00 to $139.00 and set a “buy” rating for the company in a research report on Friday, October 16th. Argus dropped their price target on United Airlines from $140.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, October 22nd. Finally, Zacks Research cut United Airlines from a “hold” rating to a “strong sell” rating in a research note on Monday, September 28th.

Insider Activity at United Airlines

In other news, EVP Andrew P. Nocella sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $117.00, for a total value of $585,000.00. Following the completion of the sale, the executive vice president owned 214,955 shares in the company, valued at approximately $25,149,735. This trade represents a 2.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Brett Hart sold 39,000 shares of United Airlines stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $102.68, for a total transaction of $4,004,520.00. Following the transaction, the president directly owned 325,122 shares of the company’s stock, valued at approximately $33,383,526.96. This represents a 10.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.86% of the stock is owned by company insiders.

Institutional Trading of United Airlines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Keybank National Association OH lifted its holdings in United Airlines by 2.6% during the 3rd quarter. Keybank National Association OH now owns 5,795 shares of the transportation company’s stock valued at $643,000 after buying an additional 145 shares in the last quarter. 71 West Capital Partners grew its stake in United Airlines by 6.3% in the 3rd quarter. 71 West Capital Partners now owns 2,972 shares of the transportation company’s stock worth $330,000 after acquiring an additional 176 shares in the last quarter. AlphaCore Capital LLC grew its stake in United Airlines by 14.0% in the third quarter. AlphaCore Capital LLC now owns 6,195 shares of the transportation company’s stock worth $687,000 after purchasing an additional 759 shares in the last quarter. Fulcrum Asset Management LLP increased its holdings in United Airlines by 3,848.9% during the 3rd quarter. Fulcrum Asset Management LLP now owns 57,417 shares of the transportation company’s stock worth $6,468,000 after purchasing an additional 55,963 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in United Airlines by 17.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 503,705 shares of the transportation company’s stock worth $56,304,000 after purchasing an additional 76,453 shares during the period. 69.69% of the stock is owned by hedge funds and other institutional investors.

United Airlines Stock Performance

Shares of NASDAQ UAL opened at $115.76 on Friday. The company has a market cap of $37.61 billion, a P/E ratio of 10.59, a P/E/G ratio of 1.37 and a beta of 1.38. United Airlines has a 52-week low of $84.64 and a 52-week high of $138.77. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.68 and a current ratio of 0.75. The firm’s fifty day moving average is $107.41 and its two-hundred day moving average is $108.22.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, October 20th. The transportation company reported $2.54 EPS for the quarter, missing the consensus estimate of $2.57 by ($0.03). The company had revenue of $17.88 billion for the quarter, compared to the consensus estimate of $17.89 billion. United Airlines had a net margin of 5.46% and a return on equity of 17.59%. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period last year, the company earned $2.78 EPS. As a group, analysts anticipate that United Airlines will post 7.10 EPS for the current fiscal year.

United Airlines Company Profile

United Airlines Holdings, Inc is the parent company of United Airlines, a major U.S. commercial airline headquartered in Chicago, Illinois. The company provides scheduled passenger air transportation and air cargo services, connecting customers across the United States and to international destinations.

United operates a broad network serving North America, Latin America, Europe, Asia, Africa and Oceania. Its operations are supported by hubs in major U.S. cities, including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco and Washington, DC, as well as an extensive network of regional carriers operating under the United Express brand.

The company offers several travel classes and related services, including premium-cabin seating, onboard amenities, airport lounges and the MileagePlus customer loyalty program.