United Airlines Holdings Inc [UAL] stock prices are down -0.34% to $46.47 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The UAL shares have gain 6.53% over the last week, with a monthly amount glided 2.67%, and seem to be holding up well over a long-time horizon.
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On 21, March 2024, United Makes it Easier to Share Award Miles with Family and Friends. In a post published today on Yahoo Finance, United becomes first major U.S. airline to allow members of its loyalty program, MileagePlus®, to pool their miles with family and friends into a joint account.
From an analyst’s perspective:
United Airlines Holdings Inc [NASDAQ: UAL] stock has seen the most recent analyst activity on March 20, 2024, when UBS initiated its Neutral rating and assigned the stock a price target of $47. Previously, Redburn Atlantic downgraded its rating to Neutral on February 13, 2024, and kept the price target unchanged to $50. On February 09, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $65 on the stock. TD Cowen reiterated its Outperform rating and increased its price target to $65 on January 24, 2024. Susquehanna upgraded its rating to a Positive and raised its price target to $60 on January 10, 2024. BofA Securities upgraded its rating to Buy for this stock on January 09, 2024, and upped its price target to $56. In a note dated August 07, 2023, Redburn upgraded an Buy rating on this stock but restated the target price of $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 $46.47 at the most recent close of the market. An investor can expect a potential return of 22.92% 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 0.24% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.32 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.2.
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 46.14 points at the first support level, and at 45.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.79, and for the 2nd resistance point, it is at 47.12.
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. On the other hand, the Quick Ratio is 0.76, and the Cash Ratio is 0.27. Considering the valuation of this stock, the price to sales ratio is 0.28, the price to book ratio is 1.63 and price to earnings (TTM) ratio is 5.90.
Transactions by insiders
Recent insider trading involved KENNEDY JAMES A C, Director, that happened on Nov 07 ’23 when 1500.0 shares were purchased. Director, KENNEDY JAMES A C completed a deal on Nov 06 ’23 to buy 4500.0 shares. Meanwhile, EVP and CFO LADERMAN GERALD sold 4491.0 shares on Jul 24 ’23.
