United Airlines Holdings Inc (UAL) shares projected to rise by 5.4%

United Airlines Holdings Inc [UAL] stock is trading at $57.99, down -1.46%. 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 11.16% over the last week, with a monthly amount glided 40.31%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

United Airlines Holdings Inc [NASDAQ: UAL] stock has seen the most recent analyst activity on July 17, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $80 from $65. Previously, Redburn Atlantic upgraded its rating to Buy on June 06, 2024, and kept the price target unchanged to $70. On May 29, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $65 on the stock. Wolfe Research upgraded its rating to a Outperform but stick to its price target of $76 on May 17, 2024. UBS initiated its recommendation with a Neutral and recommended $47 as its price target on March 20, 2024. Redburn Atlantic downgraded its rating to Neutral for this stock on February 13, 2024, but kept the price target unchanged to $50. In a note dated February 09, 2024, Evercore ISI upgraded an Outperform rating on this stock and boosted its target price from $58 to $65.

United Airlines Holdings Inc [UAL] stock has fluctuated between $33.68 and $59.38 over the past year. Currently, Wall Street analysts expect the stock to reach $61.12 within the next 12 months. United Airlines Holdings Inc [NASDAQ: UAL] shares were valued at $57.99 at the most recent close of the market. An investor can expect a potential return of 5.4% based on the average UAL price forecast.

Analyzing the UAL fundamentals

United Airlines Holdings Inc [NASDAQ:UAL] reported sales of 55.63B for the trailing twelve months, which represents a growth of 5.70%. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.07%, 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 0.31 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.58.

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 57.22 points at the first support level, and at 56.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.50, and for the 2nd resistance point, it is at 61.00.

Ratios To Look Out For

For context, United Airlines Holdings Inc’s Current Ratio is 0.77. Further, the Quick Ratio stands at 0.71, while the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 0.34, the price to book ratio is 1.81 and price to earnings (TTM) ratio is 6.58.

Transactions by insiders

Recent insider trading involved Gebo Kate, EVP HR and Labor Relations, that happened on Apr 18 ’24 when 15000.0 shares were sold. EVP HR and Labor Relations, Gebo Kate completed a deal on Apr 18 ’24 to sell 15000.0 shares. Meanwhile, Director KENNEDY JAMES A C bought 4500.0 shares on Nov 06 ’23.

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