Susquehanna Raises United Airlines (NASDAQ:UAL) Price Target to $130.00

United Airlines (NASDAQ:UAL) had its price target hoisted by analysts at Susquehanna from $120.00 to $130.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price points to a potential upside of 22.71% from the company’s current price.

Other research analysts also recently issued research reports about the stock. TD Cowen raised their price target on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Jefferies Financial Group lifted their price target on United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Barclays raised their target price on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Raymond James reaffirmed an “outperform” rating and set a $130.00 target price (up from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Finally, Sanford C. Bernstein upped their price target on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Airlines currently has an average rating of “Buy” and a consensus price target of $110.83.

United Airlines Stock Performance

NASDAQ UAL traded up $1.12 during trading hours on Tuesday, hitting $105.95. 1,000,445 shares of the company’s stock traded hands, compared to its average volume of 6,522,704. United Airlines has a 52 week low of $37.02 and a 52 week high of $116.00. The business’s fifty day moving average price is $100.74 and its two-hundred day moving average price is $73.64. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The firm has a market capitalization of $34.84 billion, a P/E ratio of 11.23, a P/E/G ratio of 0.69 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. The firm had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.00 earnings per share. Equities research analysts predict that United Airlines will post 13.09 EPS for the current year.

United Airlines announced that its board has authorized a share buyback plan on Tuesday, October 15th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Insider Transactions at United Airlines

In other news, EVP Linda P. Jojo sold 60,000 shares of the business’s stock in a transaction on 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. The trade was a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.63% of the company’s stock.

Institutional Investors Weigh In On United Airlines

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of Jackson Hole Trust acquired a new stake in United Airlines in the 4th quarter valued at approximately $25,000. Global Trust Asset Management LLC acquired a new position in United Airlines in the third quarter worth about $29,000. Hemington Wealth Management raised its stake in United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after acquiring an additional 131 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of United Airlines in the 4th quarter worth about $32,000. Finally, Armstrong Advisory Group Inc. bought a new stake in United Airlines during the third quarter worth about $36,000. 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.