United Airlines (NASDAQ:UAL) Stock Rating Lowered by Susquehanna Bancshares

United Airlines (NASDAQ:UALGet Rating) was downgraded by investment analysts at Susquehanna Bancshares to a “neutral” rating in a report issued on Monday, Stock Target Advisor reports. They presently have a $35.00 target price on the transportation company’s stock. Susquehanna Bancshares’ target price points to a potential downside of 0.96% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. Argus cut United Airlines from a “buy” rating to a “hold” rating in a research note on Thursday, July 7th. Evercore ISI reduced their price objective on United Airlines to $38.00 in a research note on Friday, July 22nd. Susquehanna cut United Airlines from a “positive” rating to a “neutral” rating and cut their target price for the company from $43.00 to $35.00 in a research note on Monday. Barclays cut their target price on United Airlines from $58.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Friday, July 8th. Finally, BNP Paribas cut United Airlines from a “neutral” rating to an “underperform” rating and cut their target price for the company from $38.00 to $33.00 in a research note on Thursday, July 7th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, United Airlines has an average rating of “Hold” and a consensus target price of $52.75.

United Airlines Stock Performance

United Airlines stock opened at $35.34 on Monday. The stock has a market cap of $11.55 billion, a P/E ratio of -9.32 and a beta of 1.32. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 7.41. The stock has a 50 day moving average of $39.91 and a 200-day moving average of $42.80. United Airlines has a 52 week low of $30.54 and a 52 week high of $54.52.

United Airlines (NASDAQ:UALGet Rating) last announced its quarterly earnings data on Wednesday, July 20th. The transportation company reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.34). United Airlines had a negative return on equity of 38.92% and a negative net margin of 3.43%. The firm had revenue of $12.11 billion for the quarter, compared to the consensus estimate of $12.11 billion. During the same quarter last year, the business earned ($3.91) earnings per share. The business’s revenue for the quarter was up 121.4% compared to the same quarter last year. On average, analysts expect that United Airlines will post 0.38 EPS for the current fiscal year.

Insider Buying and Selling

In other United Airlines news, Director Edward Shapiro purchased 50,000 shares of the company’s stock in a transaction on Monday, June 13th. The shares were purchased at an average cost of $37.69 per share, for a total transaction of $1,884,500.00. Following the completion of the transaction, the director now owns 100,000 shares in the company, valued at $3,769,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other United Airlines news, COO Jonathan Roitman sold 13,939 shares of the business’s stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $36.85, for a total value of $513,652.15. Following the sale, the chief operating officer now directly owns 13,938 shares in the company, valued at $513,615.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Edward Shapiro purchased 50,000 shares of the company’s stock in a transaction on Monday, June 13th. The stock was acquired at an average price of $37.69 per share, for a total transaction of $1,884,500.00. Following the completion of the transaction, the director now owns 100,000 shares of the company’s stock, valued at approximately $3,769,000. The disclosure for this purchase can be found here. Corporate insiders own 0.37% of the company’s stock.

Institutional Trading of United Airlines

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in United Airlines by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 34,550,592 shares of the transportation company’s stock worth $1,601,764,000 after buying an additional 700,850 shares during the period. State Street Corp grew its stake in United Airlines by 3.3% during the 4th quarter. State Street Corp now owns 10,496,229 shares of the transportation company’s stock valued at $459,525,000 after acquiring an additional 334,272 shares in the last quarter. U S Global Investors Inc. grew its stake in United Airlines by 17.4% during the 1st quarter. U S Global Investors Inc. now owns 8,690,336 shares of the transportation company’s stock valued at $402,884,000 after acquiring an additional 1,286,491 shares in the last quarter. Capital International Investors purchased a new position in United Airlines during the 1st quarter valued at about $351,299,000. Finally, Geode Capital Management LLC grew its stake in United Airlines by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 6,026,644 shares of the transportation company’s stock valued at $263,454,000 after acquiring an additional 155,874 shares in the last quarter. Institutional investors and hedge funds own 57.92% of the company’s stock.

United Airlines Company Profile

(Get Rating)

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, training, and maintenance services for third parties.

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