United Airlines (NASDAQ:UAL) Price Target Raised to $150.00 at Barclays

United Airlines (NASDAQ:UAL) had its price objective increased by investment analysts at Barclays from $75.00 to $150.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Barclays‘s price target would suggest a potential upside of 64.53% from the stock’s current price.

A number of other equities research analysts have also recently commented on UAL. Susquehanna increased their price target on United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Thursday, October 17th. Bank of America boosted their target price on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. TD Cowen raised their price target on shares of United Airlines from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Jefferies Financial Group lifted their price objective on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, Sanford C. Bernstein upped their target price on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $86.61.

United Airlines Stock Up 0.0 %

NASDAQ:UAL opened at $91.17 on Thursday. The company’s 50-day simple moving average is $66.04 and its 200-day simple moving average is $54.19. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79. United Airlines has a fifty-two week low of $37.02 and a fifty-two week high of $93.33. The stock has a market capitalization of $29.98 billion, a P/E ratio of 11.00, a P/E/G ratio of 1.06 and a beta of 1.39.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.23. The company had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.76 billion. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. During the same period last year, the firm earned $3.65 earnings per share. On average, equities analysts anticipate that United Airlines will post 10.23 earnings per share for the current fiscal year.

United Airlines declared that its Board of Directors has authorized a share repurchase program on Tuesday, October 15th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the transportation company to buy up to 7.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Transactions at United Airlines

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $72.00, for a total value of $1,044,000.00. Following the transaction, the executive vice president now directly owns 30,427 shares of the company’s stock, valued at approximately $2,190,744. This trade represents a 32.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kate Gebo sold 17,500 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the sale, the executive vice president now directly owns 40,012 shares of the company’s stock, valued at approximately $3,218,565.28. This represents a 30.43 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. MidWestOne Financial Group Inc. increased its holdings in shares of United Airlines by 28.0% in the third quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock valued at $3,064,000 after purchasing an additional 11,743 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in United Airlines by 24.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 5,165 shares of the transportation company’s stock valued at $295,000 after buying an additional 1,000 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new position in shares of United Airlines during the 3rd quarter worth $218,000. XTX Topco Ltd raised its holdings in shares of United Airlines by 177.6% during the 3rd quarter. XTX Topco Ltd now owns 18,191 shares of the transportation company’s stock worth $1,038,000 after acquiring an additional 11,639 shares during the period. Finally, Insigneo Advisory Services LLC acquired a new position in shares of United Airlines during the 3rd quarter valued at about $215,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

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.