United Airlines (NASDAQ:UAL) Shares Gap Up to $41.50

United Airlines Holdings, Inc. (NASDAQ:UAL) gapped up before the market opened on Wednesday . The stock had previously closed at $41.50, but opened at $44.45. United Airlines shares last traded at $46.44, with a volume of 10,795,428 shares traded.

Analysts Set New Price Targets

A number of research firms have commented on UAL. Bank of America upgraded United Airlines from an “underperform” rating to a “buy” rating and increased their price target for the company from $40.00 to $56.00 in a research note on Tuesday, January 9th. Evercore ISI raised United Airlines from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $58.00 to $65.00 in a report on Friday, February 9th. Susquehanna dropped their price objective on United Airlines from $60.00 to $55.00 and set a “positive” rating on the stock in a report on Tuesday, April 9th. Redburn Atlantic downgraded United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 target price on the stock. in a research report on Tuesday, February 13th. Finally, Raymond James decreased their target price on United Airlines from $68.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $64.60.

United Airlines Stock Up 12.1 %

The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.76 and a current ratio of 0.83. The firm has a market capitalization of $15.30 billion, a P/E ratio of 5.27, a P/E/G ratio of 0.58 and a beta of 1.55. The stock has a fifty day moving average price of $43.94 and a two-hundred day moving average price of $41.30.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.39. United Airlines had a return on equity of 41.01% and a net margin of 4.87%. The company had revenue of $13.63 billion during the quarter, compared to analyst estimates of $13.55 billion. During the same quarter in the previous year, the firm posted $2.46 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. Research analysts forecast that United Airlines Holdings, Inc. will post 9.46 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of UAL. Bartlett & Co. LLC boosted its stake in shares of United Airlines by 200.0% during the 3rd quarter. Bartlett & Co. LLC now owns 600 shares of the transportation company’s stock worth $25,000 after acquiring an additional 400 shares in the last quarter. NBC Securities Inc. acquired a new position in United Airlines in the 3rd quarter valued at approximately $25,000. Loomis Sayles & Co. L P raised its holdings in United Airlines by 707.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 545 shares in the last quarter. Clear Street Markets LLC raised its holdings in shares of United Airlines by 101.8% in the 1st quarter. Clear Street Markets LLC now owns 642 shares of the transportation company’s stock worth $28,000 after buying an additional 36,811 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new position in shares of United Airlines in the 4th quarter worth approximately $27,000. 69.69% of the stock is owned by institutional investors and hedge funds.

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.