United Airlines Holdings Inc [UAL] stock prices are up 0.55% to $45.51 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The UAL shares have gain 6.26% over the last week, with a monthly amount glided 11.43%, and seem to be holding up well over a long-time horizon.
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On 23, February 2024, United Announces Daily Nonstop Flights Between Guam and Tokyo-Haneda. In a post published today on Yahoo Finance, New flights create a more direct link between Guam and Tokyo’s city center.
From an analyst’s perspective:
United Airlines Holdings Inc [NASDAQ: UAL] stock has seen the most recent analyst activity on February 13, 2024, when Redburn Atlantic downgraded its rating to a Neutral but kept the price target unchanged to $50 for it. Previously, Evercore ISI upgraded its rating to Outperform on February 09, 2024, and elevated its price target to $65. On January 24, 2024, TD Cowen reiterated its Outperform rating and revised its price target to $65 on the stock. Susquehanna upgraded its rating to a Positive and increased its price target to $60 on January 10, 2024. BofA Securities upgraded its rating to a Buy and raised its price target to $56 on January 09, 2024. Redburn upgraded its rating to Buy for this stock on August 07, 2023, but kept the price target unchanged to $80. In a note dated March 10, 2023, Barclays upgraded an Overweight rating on this stock and boosted its target price from $52 to $80.
The stock price of United Airlines Holdings Inc [UAL] has been fluctuating between $33.68 and $58.23 over the past year. Currently, Wall Street analysts expect the stock to reach $57.12 within the next 12 months. United Airlines Holdings Inc [NASDAQ: UAL] shares were valued at $45.51 at the most recent close of the market. An investor can expect a potential return of 25.51% based on the average UAL price forecast.
Analyzing the UAL fundamentals
The United Airlines Holdings Inc [NASDAQ:UAL] reported sales of 53.72B for trailing twelve months, representing a surge of 9.89%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 45.05 points at the first support level, and at 44.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.87, and for the 2nd resistance point, it is at 46.24.
United Airlines Holdings Inc [UAL] reported earnings per share of $2 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.69/share, meaning a difference of $0.31 and a surprise factor of 18.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $3.65 per share as compared to estimates of $3.35 per share, a difference of $0.3 representing a surprise of 9.00%.
Ratios To Look Out For
It’s worth pointing out that United Airlines Holdings Inc [NASDAQ:UAL]’s Current Ratio is 0.83. Further, the Quick Ratio stands at 0.76, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 0.28, the price to book ratio is 1.69 and price to earnings (TTM) ratio is 5.77.
Transactions by insiders
Recent insider trading involved KENNEDY JAMES A C, Director, that happened on Nov 07 when 1500.0 shares were purchased. Director, KENNEDY JAMES A C completed a deal on Nov 06 to buy 4500.0 shares. Meanwhile, EVP and CFO LADERMAN GERALD sold 4491.0 shares on Jul 24.
