Bank of America Increases United Airlines (NASDAQ:UAL) Price Target to $70.00

United Airlines (NASDAQ:UAL) had its target price increased by Bank of America from $60.00 to $70.00 in a research note published on Thursday morning, Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

UAL has been the topic of a number of other research reports. Raymond James decreased their target price on shares of United Airlines from $68.00 to $65.00 and set an outperform rating on the stock in a research note on Wednesday, December 20th. Evercore ISI upgraded shares of 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 research note on Friday, February 9th. StockNews.com upgraded shares of United Airlines from a sell rating to a hold rating in a research note on Thursday. Redburn Atlantic cut shares of United Airlines from a buy rating to a neutral rating and set a $50.00 target price on the stock. in a research note on Tuesday, February 13th. Finally, Susquehanna decreased their target price on shares of United Airlines from $60.00 to $55.00 and set a positive rating on the stock in a research note on Tuesday, April 9th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $66.53.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $51.42 on Thursday. The firm’s 50 day moving average price is $44.29 and its 200-day moving average price is $41.42. United Airlines has a twelve month low of $33.68 and a twelve month high of $58.23. The company has a quick ratio of 0.76, a current ratio of 0.75 and a debt-to-equity ratio of 2.52. The stock has a market capitalization of $16.91 billion, a PE ratio of 6.36, a price-to-earnings-growth ratio of 0.70 and a beta of 1.55.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.39. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. The firm had revenue of $13.63 billion for the quarter, compared to analysts’ expectations of $13.55 billion. During the same quarter in the prior year, the business earned $2.46 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. Equities research analysts expect that United Airlines will post 9.3 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. NBC Securities Inc. purchased a new position in shares of United Airlines in the third quarter valued at $25,000. Loomis Sayles & Co. L P boosted its stake in United Airlines by 707.8% during the third quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company’s stock worth $26,000 after buying an additional 545 shares during the period. Clear Street Markets LLC boosted its stake in United Airlines by 101.8% during the first 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 during the period. Wetzel Investment Advisors Inc. purchased a new position in United Airlines during the fourth quarter worth $27,000. Finally, Venturi Wealth Management LLC boosted its stake in United Airlines by 72.1% during the fourth quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock worth $27,000 after buying an additional 274 shares during the period. 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.