United Airlines Holdings, Inc. (NASDAQ:UAL – Get Rating) – Research analysts at Seaport Res Ptn boosted their Q2 2023 EPS estimates for United Airlines in a research note issued to investors on Tuesday, March 14th. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will post earnings of $3.55 per share for the quarter, up from their prior estimate of $3.25. The consensus estimate for United Airlines’ current full-year earnings is $10.33 per share.
Other analysts have also issued reports about the company. Argus raised United Airlines from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Tuesday, December 6th. The Goldman Sachs Group began coverage on United Airlines in a research note on Friday, December 16th. They issued a “buy” rating and a $51.00 price target on the stock. Redburn Partners upgraded United Airlines from a “sell” rating to a “neutral” rating and set a $55.00 price objective for the company in a report on Wednesday, February 8th. BNP Paribas upgraded United Airlines from an “underperform” rating to an “outperform” rating and set a $70.00 price objective for the company in a report on Tuesday, March 7th. Finally, Barclays upgraded United Airlines from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $52.00 to $80.00 in a report on Friday, March 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $56.31.
United Airlines Trading Up 1.0 %
United Airlines (NASDAQ:UAL – Get Rating) last released its earnings results on Tuesday, January 17th. The transportation company reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.39. United Airlines had a net margin of 1.64% and a return on equity of 17.15%. The company had revenue of $12.40 billion for the quarter, compared to the consensus estimate of $12.23 billion. During the same period in the prior year, the company posted ($1.60) EPS. The company’s revenue was up 51.4% compared to the same quarter last year.
Hedge Funds Weigh In On United Airlines
Several institutional investors and hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. raised its stake in shares of United Airlines by 1,749.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 469,061 shares of the transportation company’s stock valued at $17,683,000 after acquiring an additional 443,704 shares during the period. Voya Investment Management LLC grew its holdings in United Airlines by 2.5% during the 4th quarter. Voya Investment Management LLC now owns 115,376 shares of the transportation company’s stock worth $4,350,000 after acquiring an additional 2,846 shares in the last quarter. Gallagher Benefit Services Inc. bought a new position in shares of United Airlines in the 4th quarter worth about $202,000. Boulder Wealth Advisors LLC bought a new stake in United Airlines in the 4th quarter valued at about $40,000. Finally, Truist Financial Corp grew its stake in shares of United Airlines by 275.8% in the 4th quarter. Truist Financial Corp now owns 88,056 shares of the transportation company’s stock worth $3,320,000 after purchasing an additional 64,627 shares during the last quarter. Hedge funds and other institutional investors own 59.73% of the company’s stock.
Insider Activity at United Airlines
In other news, Director Edward Shapiro bought 25,000 shares of the stock in a transaction that occurred on Wednesday, March 15th. The stock was purchased at an average price of $42.59 per share, for a total transaction of $1,064,750.00. Following the completion of the purchase, the director now owns 200,000 shares in the company, valued at approximately $8,518,000. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Edward Shapiro bought 25,000 shares of the stock in a transaction on Wednesday, March 15th. The shares were bought at an average cost of $42.59 per share, for a total transaction of $1,064,750.00. Following the completion of the transaction, the director now owns 200,000 shares of the company’s stock, valued at approximately $8,518,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gregory L. Hart sold 20,000 shares of the company’s stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $50.73, for a total transaction of $1,014,600.00. Following the transaction, the executive vice president now owns 19,652 shares in the company, valued at $996,945.96. The disclosure for this sale can be found here. 0.37% of the stock is owned by insiders.
About United Airlines
United Airlines Holdings, Inc is a holding company, which engages in the provision of transportation services. It operates through the following geographical segments: Domestic, Atlantic, Pacific, and Latin America. The company was founded on December 30, 1968 and is headquartered in Chicago, IL.
Featured Articles
- Get a free copy of the StockNews.com research report on United Airlines (UAL)
- Don’t Miss Out: $2 Trillion Could be Headed to the Banking Sector
- A Weakening Economy Suggests Caution Before Buying Five Below
- Williams-Sonoma: Time To Buy At Rock-Bottom Prices
- Why DraftKings Could Keep Outperforming in 2023
- Charles Schwab And The Safest 30% You Can Make This Year
Receive News & Ratings for United Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Airlines and related companies with MarketBeat.com's FREE daily email newsletter.
