TD Cowen Increases United Airlines (NASDAQ:UAL) Price Target to $125.00

United Airlines (NASDAQ:UAL) had its price objective upped by investment analysts at TD Cowen from $100.00 to $125.00 in a report released on Tuesday, MarketBeat reports. The brokerage currently has a “buy” rating on the transportation company’s stock. TD Cowen’s price target would indicate a potential upside of 38.30% from the stock’s current price.

Several other equities analysts have also commented on the stock. Barclays increased their target price on shares of United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Bank of America increased their target price on shares of United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Susquehanna raised their price target on shares of United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a report on Thursday, October 17th. Jefferies Financial Group raised their price target on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $119.00 price target on shares of United Airlines in a report on Friday. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, United Airlines presently has an average rating of “Moderate Buy” and an average target price of $88.28.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $90.38 on Tuesday. The company’s fifty day moving average price is $67.78 and its 200-day moving average price is $54.77. The firm has a market capitalization of $29.72 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 1.08 and a beta of 1.39. United Airlines has a one year low of $37.02 and a one year high of $93.33. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.23. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The firm had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. During the same quarter in the prior year, the firm earned $3.65 EPS. On average, equities research 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 initiated a share repurchase plan on Tuesday, October 15th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at United Airlines

In other United Airlines news, EVP Kate Gebo sold 17,500 shares of the firm’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 completion of the sale, the executive vice president now directly owns 40,012 shares in the company, valued at approximately $3,218,565.28. This trade represents a 30.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $1,044,000.00. Following the sale, the executive vice president now owns 30,427 shares of the company’s stock, valued at approximately $2,190,744. This represents a 32.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by corporate insiders.

Institutional Trading of United Airlines

A number of large investors have recently made changes to their positions in the stock. Huntington National Bank grew its stake in shares of United Airlines by 10.8% in the third quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock worth $75,000 after acquiring an additional 129 shares during the period. Farther Finance Advisors LLC grew its stake in shares of United Airlines by 13.0% in the third quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock worth $94,000 after acquiring an additional 189 shares during the period. Wahed Invest LLC grew its stake in shares of United Airlines by 13.7% in the first 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. Commerce Bank grew its stake in shares of United Airlines by 1.1% in the third quarter. Commerce Bank now owns 17,620 shares of the transportation company’s stock worth $1,005,000 after acquiring an additional 196 shares during the period. Finally, Cromwell Holdings LLC grew its stake in shares of United Airlines by 31.4% in the third quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock worth $53,000 after acquiring an additional 222 shares during the period. 69.69% of the stock is currently owned by 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.