United Airlines (NASDAQ:UAL) Given New $100.00 Price Target at Bank of America

United Airlines (NASDAQ:UAL) had its price target cut by Bank of America from $110.00 to $100.00 in a report issued on Thursday,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

A number of other research analysts also recently commented on UAL. Jefferies Financial Group lowered their target price on United Airlines from $154.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday. UBS Group lowered their price objective on shares of United Airlines from $140.00 to $107.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. Raymond James downgraded shares of United Airlines from an “outperform” rating to a “market perform” rating in a report on Wednesday. TD Cowen increased their price target on shares of United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, Susquehanna reissued a “hold” rating on shares of United Airlines in a research note on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $111.08.

United Airlines Trading Down 15.6 %

United Airlines stock opened at $60.23 on Thursday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The firm’s 50 day moving average price is $90.32 and its 200-day moving average price is $86.68. United Airlines has a 1 year low of $37.02 and a 1 year high of $116.00. The stock has a market cap of $19.72 billion, a P/E ratio of 6.39, a PEG ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping the consensus estimate of $2.96 by $0.30. The business had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.00 EPS. On average, equities analysts predict that United Airlines will post 12.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On United Airlines

Several large investors have recently added to or reduced their stakes in UAL. Bank of Jackson Hole Trust bought a new position in shares of United Airlines during the 4th quarter worth $25,000. Hemington Wealth Management grew its holdings in United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after acquiring an additional 131 shares in the last quarter. Capital A Wealth Management LLC purchased a new position in United Airlines during the 4th quarter valued at about $31,000. Roxbury Financial LLC bought a new stake in shares of United Airlines in the 4th quarter valued at about $32,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of United Airlines in the 4th quarter worth approximately $32,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

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.