United Airlines (NASDAQ:UAL) Given New $80.00 Price Target at Jefferies Financial Group

United Airlines (NASDAQ:UAL) had its price objective dropped by equities research analysts at Jefferies Financial Group from $154.00 to $80.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 21.85% from the company’s current price.

A number of other research firms have also recently commented on UAL. Raymond James restated 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. Melius Research upgraded United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. TD Cowen increased their target price on United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. lifted their price target on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Finally, UBS Group cut their price objective on shares of United Airlines from $140.00 to $107.00 and set a “buy” rating for the company in a report on Thursday, March 20th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $111.75.

United Airlines Stock Down 4.9 %

NASDAQ:UAL traded down $3.40 during midday trading on Tuesday, reaching $65.66. 1,850,742 shares of the stock traded hands, compared to its average volume of 7,736,412. The stock has a market capitalization of $21.49 billion, a PE ratio of 6.92, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. United Airlines has a 12-month low of $37.02 and a 12-month high of $116.00. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The business has a 50-day moving average of $92.76 and a two-hundred day moving average of $86.85.

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

Institutional Trading of United Airlines

Large investors have recently made changes to their positions in the company. Bank of Jackson Hole Trust purchased a new stake in United Airlines in the fourth quarter valued at approximately $25,000. Hemington Wealth Management raised its position in United Airlines by 70.8% in the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 131 shares during the last quarter. Capital A Wealth Management LLC acquired a new stake in United Airlines during the 4th quarter worth $31,000. Roxbury Financial LLC purchased a new position in United Airlines during the 4th quarter worth $32,000. Finally, Whipplewood Advisors LLC purchased a new stake in United Airlines during the 4th quarter valued at approximately $32,000. 69.69% of the stock is owned by institutional investors and hedge funds.

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.