United Airlines (NASDAQ:UAL) Given New $130.00 Price Target at Susquehanna

United Airlines (NASDAQ:UAL) had its price target raised by Susquehanna from $120.00 to $130.00 in a research report released on Tuesday,Benzinga reports. They currently have a positive rating on the transportation company’s stock.

Several other research firms also recently commented on UAL. Sanford C. Bernstein boosted their target price on shares of United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. TD Cowen boosted 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. UBS Group boosted their target price on United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Dbs Bank upgraded shares of United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Finally, Barclays raised their price objective on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $110.83.

United Airlines Stock Up 3.7 %

UAL opened at $108.67 on Tuesday. The firm has a 50 day moving average price of $100.90 and a 200-day moving average price of $74.05. The stock has a market capitalization of $35.74 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 0.69 and a beta of 1.43. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. United Airlines has a twelve month low of $37.02 and a twelve month high of $116.00.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $0.30. The business had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. United Airlines’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.00 earnings per share. Equities research analysts forecast that United Airlines will post 13.09 earnings per share for the current year.

United Airlines announced that its board has approved a share buyback program on Tuesday, October 15th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the transportation company to buy up to 7.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at United Airlines

In related news, EVP Linda P. Jojo sold 60,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the sale, the executive vice president now directly owns 63,599 shares of the company’s stock, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.63% of the stock is owned by insiders.

Hedge Funds Weigh In On United Airlines

Several institutional investors have recently made changes to their positions in UAL. B. Riley Wealth Advisors Inc. increased its position in shares of United Airlines by 23.8% in the second quarter. B. Riley Wealth Advisors Inc. now owns 6,466 shares of the transportation company’s stock valued at $315,000 after buying an additional 1,242 shares in the last quarter. Truist Financial Corp raised its holdings in United Airlines by 34.7% in the 2nd quarter. Truist Financial Corp now owns 34,318 shares of the transportation company’s stock valued at $1,670,000 after acquiring an additional 8,843 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in United Airlines during the second quarter worth approximately $1,604,000. Handelsbanken Fonder AB boosted its position in shares of United Airlines by 15.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 32,233 shares of the transportation company’s stock valued at $1,839,000 after acquiring an additional 4,363 shares during the last quarter. Finally, Czech National Bank boosted its holdings in United Airlines by 6.9% in the 3rd quarter. Czech National Bank now owns 66,987 shares of the transportation company’s stock valued at $3,822,000 after purchasing an additional 4,331 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

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.