United Airlines (NASDAQ:UAL) Stock Rating Upgraded by Morgan Stanley

Morgan Stanley upgraded shares of United Airlines (NASDAQ:UAL) from an underweight rating to an equal weight rating in a report released on Tuesday morning, Benzinga reports. Morgan Stanley currently has $65.00 target price on the transportation company’s stock, up from their previous target price of $37.00.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group raised their price target on shares of United Airlines from $55.00 to $60.00 and gave the stock a hold rating in a research note on Tuesday, March 30th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their target price on United Airlines from $52.00 to $55.00 in a research report on Tuesday, December 15th. Cowen raised shares of United Airlines from a market perform rating to an outperform rating and set a $53.00 price target for the company in a research report on Monday, January 11th. Bank of America lowered United Airlines from a neutral rating to an underperform rating in a research note on Friday, January 8th. Finally, The Goldman Sachs Group lifted their price objective on United Airlines from $54.00 to $74.00 and gave the company a buy rating in a research note on Tuesday, March 16th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $53.45.

Shares of United Airlines stock opened at $55.87 on Tuesday. The company has a 50-day moving average of $56.41 and a two-hundred day moving average of $45.27. The stock has a market cap of $18.08 billion, a PE ratio of -3.40 and a beta of 1.63. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 3.22. United Airlines has a 12-month low of $18.18 and a 12-month high of $63.70.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, January 19th. The transportation company reported ($7.00) EPS for the quarter, missing the Zacks’ consensus estimate of ($6.56) by ($0.44). The business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.47 billion. United Airlines had a negative net margin of 19.85% and a negative return on equity of 54.29%. United Airlines’s revenue was down 68.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.67 earnings per share. On average, sell-side analysts forecast that United Airlines will post -26.76 EPS for the current fiscal year.

In other news, CFO Gerald Laderman sold 10,000 shares of United Airlines stock in a transaction that occurred on Tuesday, March 9th. The shares were sold at an average price of $54.00, for a total value of $540,000.00. Following the transaction, the chief financial officer now directly owns 51,199 shares of the company’s stock, valued at $2,764,746. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Andrew P. Nocella sold 11,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 11th. The stock was sold at an average price of $54.56, for a total transaction of $600,160.00. Following the completion of the transaction, the executive vice president now directly owns 11,024 shares of the company’s stock, valued at approximately $601,469.44. The disclosure for this sale can be found here. Insiders sold a total of 26,000 shares of company stock worth $1,409,060 in the last ninety days. Corporate insiders own 0.40% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Bogart Wealth LLC raised its holdings in shares of United Airlines by 46.8% during the first quarter. Bogart Wealth LLC now owns 1,051 shares of the transportation company’s stock worth $60,000 after acquiring an additional 335 shares in the last quarter. GPS Wealth Strategies Group LLC acquired a new stake in shares of United Airlines in the first quarter worth about $128,000. CX Institutional boosted its position in United Airlines by 205.0% during the first quarter. CX Institutional now owns 982 shares of the transportation company’s stock worth $57,000 after purchasing an additional 660 shares during the period. Symphony Financial Ltd. Co. acquired a new position in United Airlines during the first quarter valued at approximately $260,000. Finally, Retirement Systems of Alabama raised its position in shares of United Airlines by 1.5% in the first quarter. Retirement Systems of Alabama now owns 118,789 shares of the transportation company’s stock valued at $6,835,000 after purchasing an additional 1,768 shares during the period. Institutional investors own 60.86% of the company’s stock.

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 sells fuel; and offers catering, ground handling, and maintenance services for third parties.

Recommended Story: Buy Rating

Analyst Recommendations for United Airlines (NASDAQ:UAL)

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