United Airlines (NASDAQ:UAL – Free Report) had its price target increased by Susquehanna from $60.00 to $70.00 in a report published on Wednesday, Benzinga reports. The firm currently has a positive rating on the transportation company’s stock.
A number of other brokerages have also issued reports on UAL. TD Cowen raised their target price on shares of United Airlines from $65.00 to $80.00 and gave the stock a buy rating in a research report on Wednesday, July 17th. Jefferies Financial Group raised their target price on shares of United Airlines from $69.00 to $75.00 and gave the stock a buy rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, United Airlines currently has a consensus rating of Moderate Buy and an average price target of $74.32.
View Our Latest Research Report on United Airlines
United Airlines Stock Performance
United Airlines (NASDAQ:UAL – Get Free Report) last announced its earnings results on Wednesday, July 17th. The transportation company reported $4.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.97 by $0.17. The business had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.04 billion. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $5.03 earnings per share. Research analysts forecast that United Airlines will post 9.88 EPS for the current fiscal year.
Institutional Investors Weigh In On United Airlines
Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas acquired a new position in shares of United Airlines during the 1st quarter worth $25,000. Fidelis Capital Partners LLC acquired a new position in shares of United Airlines during the 1st quarter worth $27,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of United Airlines during the 2nd quarter worth $30,000. Armstrong Advisory Group Inc. acquired a new position in shares of United Airlines during the 3rd quarter worth $36,000. Finally, Crewe Advisors LLC acquired a new position in shares of United Airlines during the 1st quarter worth $32,000. Institutional investors and hedge funds own 69.69% of the company’s stock.
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.
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