United Airlines (NASDAQ:UAL) Trading 4.5% Higher

Shares of United Airlines Holdings, Inc. (NASDAQ:UAL) shot up 4.5% on Thursday . The company traded as high as $46.19 and last traded at $46.16. 427,764 shares were traded during trading, a decline of 95% from the average session volume of 8,543,977 shares. The stock had previously closed at $44.17.

Analyst Ratings Changes

Several research firms have commented on UAL. Jefferies Financial Group raised United Airlines from a “hold” rating to a “buy” rating and boosted their target price for the stock from $54.00 to $65.00 in a report on Wednesday, May 29th. Citigroup increased their price objective on shares of United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. TD Cowen lifted their target price on shares of United Airlines from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Wolfe Research upgraded shares of United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a report on Friday, May 17th. Finally, HSBC assumed coverage on United Airlines in a research report on Monday, May 13th. They issued a “buy” rating and a $69.20 price objective on the stock. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.68.

United Airlines Price Performance

The firm has a 50 day moving average price of $44.28 and a 200 day moving average price of $47.10. The stock has a market cap of $15.13 billion, a P/E ratio of 5.69, a P/E/G ratio of 0.71 and a beta of 1.43. 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 quarterly earnings data on Wednesday, July 17th. The transportation company reported $4.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.97 by $0.17. The firm had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $15.04 billion. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company posted $5.03 earnings per share. On average, analysts forecast that United Airlines Holdings, Inc. will post 9.63 EPS for the current fiscal year.

Hedge Funds Weigh In On United Airlines

Several hedge funds have recently modified their holdings of UAL. Capital International Investors lifted its position in shares of United Airlines by 2.4% in the first quarter. Capital International Investors now owns 18,502,761 shares of the transportation company’s stock worth $885,912,000 after buying an additional 429,501 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of United Airlines by 29.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock worth $272,559,000 after acquiring an additional 1,263,604 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of United Airlines by 489.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company’s stock valued at $111,687,000 after acquiring an additional 1,905,664 shares during the last quarter. Par Capital Management Inc. grew its holdings in shares of United Airlines by 7.2% in the fourth quarter. Par Capital Management Inc. now owns 2,223,400 shares of the transportation company’s stock valued at $91,737,000 after purchasing an additional 150,000 shares in the last quarter. Finally, Interval Partners LP purchased a new stake in United Airlines during the first quarter valued at $103,354,000. 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.