JPMorgan Chase & Co. Issues Positive Forecast for United Airlines (NASDAQ:UAL) Stock Price

United Airlines (NASDAQ:UAL) had its target price boosted by JPMorgan Chase & Co. from $122.00 to $149.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the transportation company’s stock.

Other analysts also recently issued research reports about the stock. Bank of America increased their target price on shares of United Airlines from $90.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Evercore ISI restated an “outperform” rating and issued a $105.00 price target on shares of United Airlines in a report on Thursday, July 17th. UBS Group upped their price target on United Airlines from $103.00 to $114.00 and gave the stock a “buy” rating in a report on Tuesday, July 15th. Susquehanna upped their price target on United Airlines from $81.00 to $109.00 and gave the stock a “positive” rating in a report on Tuesday, July 15th. Finally, Barclays restated an “overweight” rating and issued a $100.00 price target (up previously from $94.00) on shares of United Airlines in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $112.57.

United Airlines Stock Down 2.5%

UAL opened at $106.58 on Friday. The firm has a 50 day moving average price of $95.78 and a 200 day moving average price of $82.30. The company has a market cap of $34.50 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 1.42 and a beta of 1.47. United Airlines has a 1 year low of $49.89 and a 1 year high of $116.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.65 and a current ratio of 0.70.

United Airlines (NASDAQ:UAL) last posted its earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.81 by $0.06. The firm had revenue of $15.24 billion during the quarter, compared to the consensus estimate of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.14 EPS. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Sell-side analysts expect that United Airlines will post 12.96 earnings per share for the current year.

Insider Activity at United Airlines

In other news, Director Barney Harford sold 15,823 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $90.03, for a total transaction of $1,424,544.69. Following the completion of the transaction, the director directly owned 89,000 shares in the company, valued at approximately $8,012,670. This represents a 15.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michelle Freyre sold 900 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $92.13, for a total value of $82,917.00. Following the transaction, the director owned 829 shares of the company’s stock, valued at approximately $76,375.77. This trade represents a 52.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 106,791 shares of company stock worth $9,992,318. 0.71% of the stock is currently owned by insiders.

Hedge Funds Weigh In On United Airlines

Several institutional investors and hedge funds have recently made changes to their positions in UAL. Pacer Advisors Inc. raised its position in shares of United Airlines by 10,777.6% during the 1st quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company’s stock valued at $349,953,000 after acquiring an additional 5,021,511 shares in the last quarter. Alyeska Investment Group L.P. lifted its stake in United Airlines by 86.4% during the first quarter. Alyeska Investment Group L.P. now owns 3,985,560 shares of the transportation company’s stock worth $275,203,000 after purchasing an additional 1,847,884 shares during the last quarter. Norges Bank bought a new position in United Airlines during the second quarter worth $143,035,000. Assenagon Asset Management S.A. lifted its stake in United Airlines by 1,264.4% during the first quarter. Assenagon Asset Management S.A. now owns 1,604,783 shares of the transportation company’s stock worth $110,810,000 after purchasing an additional 1,487,167 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in United Airlines by 334.6% during the first quarter. AQR Capital Management LLC now owns 1,793,454 shares of the transportation company’s stock worth $116,539,000 after purchasing an additional 1,380,804 shares during the last quarter. 69.69% of the stock is currently owned by hedge funds and other 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.