United Airlines (NASDAQ:UAL) PT Raised to $84.00 at Bank of America

United Airlines (NASDAQ:UAL) had its price objective hoisted by stock analysts at Bank of America from $70.00 to $84.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Bank of America‘s price objective points to a potential upside of 13.28% from the stock’s current price.

A number of other research analysts also recently weighed in on the company. Jefferies Financial Group raised their price target on United Airlines from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. TD Cowen upped their price target on shares of United Airlines from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley increased their price target on shares of United Airlines from $80.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday. Barclays boosted their price objective on shares of United Airlines from $66.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Susquehanna raised their target price on shares of United Airlines from $60.00 to $70.00 and gave the company a “positive” rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.88.

United Airlines Trading Up 1.1 %

NASDAQ:UAL opened at $74.15 on Thursday. The company has a market cap of $24.38 billion, a P/E ratio of 9.17, a price-to-earnings-growth ratio of 0.94 and a beta of 1.44. United Airlines has a twelve month low of $33.68 and a twelve month high of $74.95. The business has a 50 day moving average price of $51.38 and a two-hundred day moving average price of $49.68. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 2.07.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, topping the consensus estimate of $3.10 by $0.23. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The business had revenue of $14.84 billion during the quarter, compared to analysts’ expectations of $14.76 billion. During the same quarter in the prior year, the company posted $3.65 earnings per share. As a group, analysts expect that United Airlines will post 9.88 EPS for the current fiscal year.

United Airlines declared that its board has authorized a stock repurchase program on Tuesday, October 15th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the transportation company to reacquire up to 7.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On United Airlines

Institutional investors have recently modified their holdings of the business. BNP Paribas bought a new stake in shares of United Airlines in the first quarter valued at approximately $25,000. Fidelis Capital Partners LLC bought a new stake in shares of United Airlines during the 1st quarter valued at $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of United Airlines during the 2nd quarter worth $30,000. Crewe Advisors LLC bought a new position in shares of United Airlines in the first quarter worth $32,000. Finally, GoalVest Advisory LLC acquired a new position in United Airlines in the first quarter valued at about $33,000. 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.