The stock of United Airlines Holdings Inc (NASDAQ:UAL) last traded at $45.98, up 4.71% from the previous session.
UAL stock price is now 8.08% away from the 50-day moving average and 2.21% away from the 200-day moving average. The market capitalization of the company currently stands at $15.08B.
With the price target of $47, UBS recently initiated with Neutral rating for United Airlines Holdings Inc (NASDAQ: UAL). On February 13, 2024, Redburn Atlantic Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $50, while ‘Evercore ISI’ rates the stock as ‘Outperform’
In other news, KENNEDY JAMES A C, Director bought 1,500 shares of the company’s stock on Nov 07 ’23. The stock was bought for $55,005 at an average price of $36.67. Upon completion of the transaction, the Director now directly owns 29,363 shares in the company, valued at $1.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 06 ’23, Director KENNEDY JAMES A C bought 4,500 shares of the business’s stock. A total of $163,922 was incurred on buying the stock at an average price of $36.43. This leaves the insider owning 27,863 shares of the company worth $1.28 million. A total of 0.52% of the company’s stock is owned by insiders.
During the past 12 months, United Airlines Holdings Inc has had a low of $33.68 and a high of $58.23. As of last week, the company has a debt-to-equity ratio of 3.94, a current ratio of 0.83, and a quick ratio of 0.76. According to the stock market information, the enterprise value for the company is $35.11B, which is based on a 5.83 price-to-earnings ratio, a 0.14 price-to-earnings-growth ratio, and a beta of 1.55. The fifty day moving average price for UAL is $42.60 and a two-hundred day moving average price translates $44.97 for the stock.
The latest earnings results from United Airlines Holdings Inc (NASDAQ: UAL) was released for Dec, 2023. According to the Airlines Company, earnings per share came in at $2, beating analysts’ expectations of $1.69 by 0.31. This compares to $2.61 EPS in the same period last year. The net profit margin was 4.87% and return on equity was 32.28% for UAL. The company reported revenue of $13.63 billion for the quarter, compared to $12.4 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.89 percent. For the current quarter, analysts expect UAL to generate $12.41B in revenue.
