United Airlines (NASDAQ:UAL) Trading 4.5% Higher

United Airlines Holdings, Inc. (NASDAQ:UAL) was up 4.5% during mid-day trading on Thursday . The stock traded as high as $46.19 and last traded at $46.16. Approximately 427,764 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 8,543,977 shares. The stock had previously closed at $44.17.

Analyst Ratings Changes

UAL has been the topic of several research analyst reports. HSBC began coverage on shares of United Airlines in a report on Monday, May 13th. They issued a “buy” rating and a $69.20 price target on the stock. Jefferies Financial Group upgraded United Airlines from a “hold” rating to a “buy” rating and lifted their price target for the company from $54.00 to $65.00 in a research report on Wednesday, May 29th. TD Cowen raised their target price on shares of United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Wolfe Research raised shares of United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price target for the company in a research note on Friday, May 17th. Finally, Redburn Atlantic raised shares of United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Thursday, June 6th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $71.68.

United Airlines Stock Up 2.0 %

The company’s 50-day simple moving average is $44.28 and its two-hundred day simple moving average is $47.10. The firm has a market cap of $15.13 billion, a PE ratio of 5.69, a PEG ratio of 0.71 and a beta of 1.43. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.71 and a current ratio of 0.77.

United Airlines (NASDAQ:UAL) last posted its earnings results on Wednesday, July 17th. The transportation company reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.97 by $0.17. The company had revenue of $14.99 billion for the quarter, compared to analysts’ expectations of $15.04 billion. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. United Airlines’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $5.03 earnings per share. On average, analysts predict that United Airlines Holdings, Inc. will post 9.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On United Airlines

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wahed Invest LLC grew its holdings in shares of United Airlines by 13.7% during the 1st quarter. Wahed Invest LLC now owns 1,591 shares of the transportation company’s stock worth $76,000 after acquiring an additional 192 shares during the period. Smith Anglin Financial LLC raised its holdings in United Airlines by 3.1% in the first quarter. Smith Anglin Financial LLC now owns 7,043 shares of the transportation company’s stock worth $337,000 after purchasing an additional 215 shares in the last quarter. Mather Group LLC. raised its holdings in United Airlines by 26.6% in the second quarter. Mather Group LLC. now owns 1,174 shares of the transportation company’s stock worth $56,000 after purchasing an additional 247 shares in the last quarter. UMB Bank n.a. lifted its position in United Airlines by 59.7% during the second quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock valued at $33,000 after buying an additional 255 shares during the period. Finally, Czech National Bank grew its position in shares of United Airlines by 0.5% in the 1st quarter. Czech National Bank now owns 57,714 shares of the transportation company’s stock worth $2,763,000 after buying an additional 271 shares during the period. Hedge funds and other institutional investors own 69.69% 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 offers catering, ground handling, flight academy, and maintenance services for third parties.