United Airlines (NASDAQ:UAL) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of United Airlines (NASDAQ:UAL) from a buy rating to a hold rating in a research report report published on Saturday.

Other research analysts have also issued reports about the stock. Citigroup increased their target price on shares of United Airlines from $132.00 to $171.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Bank of America lifted their price target on shares of United Airlines from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Jefferies Financial Group reiterated a “buy” rating and set a $155.00 price objective on shares of United Airlines in a report on Sunday, July 19th. JPMorgan Chase & Co. raised their target price on United Airlines from $156.00 to $203.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Finally, Susquehanna decreased their target price on United Airlines from $172.00 to $165.00 and set a “positive” rating for the company in a research report on Friday, July 17th. Sixteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.79.

United Airlines Trading Down 1.8%

Shares of UAL stock opened at $121.33 on Friday. United Airlines has a fifty-two week low of $82.42 and a fifty-two week high of $138.77. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.72 and a current ratio of 0.78. The stock has a 50 day simple moving average of $119.39 and a two-hundred day simple moving average of $107.03. The company has a market cap of $39.38 billion, a P/E ratio of 11.35, a PEG ratio of 0.90 and a beta of 1.25.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.11. The firm had revenue of $17.67 billion for the quarter, compared to analysts’ expectations of $17.62 billion. United Airlines had a return on equity of 19.05% and a net margin of 5.56%.The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.87 EPS. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. Research analysts forecast that United Airlines will post 10.48 earnings per share for the current year.

Insider Buying and Selling at United Airlines

In other United Airlines news, CEO J Scott Kirby sold 159,321 shares of the company’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $118.05, for a total transaction of $18,807,844.05. Following the transaction, the chief executive officer owned 797,851 shares in the company, valued at approximately $94,186,310.55. This represents a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $119.91, for a total transaction of $2,398,200.00. Following the completion of the transaction, the executive vice president directly owned 114,800 shares in the company, valued at $13,765,668. This trade represents a 14.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 303,010 shares of company stock worth $35,552,943 in the last ninety days. 0.86% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On United Airlines

Several large investors have recently added to or reduced their stakes in UAL. Elevation Wealth Partners LLC increased its holdings in United Airlines by 393.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 212 shares of the transportation company’s stock worth $29,000 after purchasing an additional 169 shares in the last quarter. Legacy Wealth Managment LLC ID bought a new position in shares of United Airlines in the fourth quarter valued at approximately $25,000. Western Wealth Management LLC bought a new position in shares of United Airlines in the first quarter valued at approximately $27,000. JPL Wealth Management LLC purchased a new position in shares of United Airlines during the third quarter valued at approximately $29,000. Finally, BOCHK Asset Management Ltd bought a new stake in United Airlines during the fourth quarter worth $34,000. Institutional investors own 69.69% of the company’s stock.

About United Airlines

United Airlines Holdings, Inc operates United Airlines, a major U.S. full-service passenger carrier providing scheduled air transportation for passengers and cargo. The company offers a comprehensive route network that covers domestic markets across the United States as well as extensive international service to Europe, Asia, Latin America, and the Pacific. United operates a mixed fleet of narrow- and wide-body aircraft on point-to-point and hub-and-spoke routes, and supports corporate and leisure travel through offerings such as premium cabins, basic economy, and ancillary services including baggage, seat selection and in-flight amenities.

In addition to passenger operations, United provides cargo services through United Cargo, handling freight, mail and specialized shipments.