United Airlines (NASDAQ:UAL) Given New $130.00 Price Target at Susquehanna

United Airlines (NASDAQ:UAL) had its target price increased by Susquehanna from $120.00 to $130.00 in a report issued on Tuesday morning,Benzinga reports. Susquehanna currently has a positive rating on the transportation company’s stock.

Other research analysts have also recently issued reports about the stock. UBS Group lifted their price objective on shares of United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Barclays lifted their target price on shares of United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Raymond James reissued an “outperform” rating and issued a $130.00 price target (up previously from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. TD Cowen lifted their target price on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $119.00 price target on shares of United Airlines in a research note on Friday, November 15th. One research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $110.83.

United Airlines Stock Up 3.7 %

UAL opened at $108.67 on Tuesday. 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 $35.74 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 0.69 and a beta of 1.43. The stock’s fifty day simple moving average is $100.90 and its 200 day simple moving average is $74.05. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter last year, the company earned $2.00 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, research analysts expect that United Airlines will post 13.09 earnings per share for the current year.

United Airlines declared that its Board of Directors has approved a stock repurchase program on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the transportation company to buy up to 7.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at United Airlines

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $95.12, for a total value of $5,707,200.00. Following the sale, the executive vice president now owns 63,599 shares of the company’s stock, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.63% of the company’s stock.

Hedge Funds Weigh In On United Airlines

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its stake in United Airlines by 0.8% in the third quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock worth $588,874,000 after buying an additional 78,470 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in United Airlines by 41.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock worth $177,604,000 after buying an additional 908,558 shares during the period. MidWestOne Financial Group Inc. increased its position in United Airlines by 28.0% during the 3rd quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock valued at $3,064,000 after purchasing an additional 11,743 shares during the period. Aigen Investment Management LP lifted its holdings in United Airlines by 87.2% in the third quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company’s stock worth $1,079,000 after buying an additional 8,808 shares during the period. Finally, Edgestream Partners L.P. lifted its stake in shares of United Airlines by 293.6% in the 3rd quarter. Edgestream Partners L.P. now owns 50,122 shares of the transportation company’s stock valued at $2,860,000 after purchasing an additional 37,389 shares during the period. 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.