Analysts Set United Airlines Holdings, Inc. (NASDAQ:UAL) Price Target at $64.93

United Airlines Holdings, Inc. (NASDAQ:UAL) has received a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $64.93.

UAL has been the subject of a number of research reports. StockNews.com downgraded shares of United Airlines from a “hold” rating to a “sell” rating in a report on Saturday, March 23rd. TD Cowen lifted their price objective on shares of United Airlines from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. UBS Group initiated coverage on shares of United Airlines in a research note on Wednesday, March 20th. They set a “neutral” rating and a $47.00 price objective on the stock. Raymond James reduced their price objective on shares of United Airlines from $68.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 20th. Finally, Redburn Atlantic lowered shares of United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 price target on the stock. in a research note on Tuesday, February 13th.

Institutional Investors Weigh In On United Airlines

Institutional investors have recently modified their holdings of the business. HighPoint Advisor Group LLC bought a new position in shares of United Airlines in the fourth quarter worth about $300,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of United Airlines by 8.6% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 5,671 shares of the transportation company’s stock worth $234,000 after purchasing an additional 447 shares in the last quarter. ICA Group Wealth Management LLC bought a new position in shares of United Airlines in the 4th quarter worth $72,000. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of United Airlines by 21.9% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 502,495 shares of the transportation company’s stock worth $20,734,000 after purchasing an additional 90,383 shares in the last quarter. Finally, Oarsman Capital Inc. bought a new position in shares of United Airlines in the 4th quarter worth $217,000. Institutional investors own 69.69% of the company’s stock.

United Airlines Stock Performance

United Airlines stock opened at $47.88 on Monday. The firm’s 50 day simple moving average is $43.24 and its 200-day simple moving average is $41.40. United Airlines has a fifty-two week low of $33.68 and a fifty-two week high of $58.23. The company has a market cap of $15.71 billion, a P/E ratio of 6.08, a price-to-earnings-growth ratio of 0.65 and a beta of 1.54. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.83 and a quick ratio of 0.76.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.61 by $0.39. United Airlines had a net margin of 4.87% and a return on equity of 41.01%. The company had revenue of $13.63 billion for the quarter, compared to analyst estimates of $13.55 billion. During the same quarter in the prior year, the business posted $2.46 EPS. United Airlines’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, equities research analysts predict that United Airlines will post 9.72 EPS for the current year.

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.