Major Brokerage Firms Issue Research Notes on United Airlines Holdings Inc. (UAL)


United Airlines Holdings Inc. (NASDAQ:UAL) saw a downside of -0.36% to close Monday at $49.28 after subtracting -$0.18 on the day. The 5-day average trading volume is 16,810,301 shares of the company’s common stock. It has gained $53.26 in the past week and touched a new high 2 times within the past 5 days. An average of 11,410,450 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 8,669,892.

UAL’s 1-month performance is 27.83% or $10.89 on its low of $36.81 reached on 01/03/23. The company’s shares have touched a 52-week low of $30.54 and high of $53.26, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, UAL has achieved 30.72% or $11.58 and has reached a new high 10 times. However, the current price is down -7.47% from the 52-week high price.

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Insider Transactions

UAL stock investors last saw insider trading activity on Dec 15.Hart Gregory L (EVP & Chief Growth Officer) most recently sold 30,000 shares at $39.54 per share on Oct 20. This transaction cost the insider $1,186,278. EVP & COO, Roitman Jonathan, sold 13,939 shares at a price of $36.85 on Jun 14. Then, on May 31, Vice President & Controller KENNY CHRIS sold 9,700 shares at a price of $47.88 per share. This transaction amounted to $464,436.

Valuation Metrics

UAL stock has a beta of 1.39. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.35 while the price-to-book (PB) in the most recent quarter is 3.29, with the price to cash flow ratio at 11.60.

United Airlines Holdings Inc.’s quick ratio for the period ended September 29 was 1.00, with the current ratio over the same period at 1.00. As well, the company’s long term debt to equity for the quarter ending September 29 was 5.84, while the total debt to equity was 6.46. In terms of profitability, the gross margin trailing 12 months is 54.60%. The firm’s gross profit as reported stood at $15.42 billion against revenue of $24.63 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, United Airlines Holdings Inc.’s cash and short-term investments amounted to $7.44 billion against total debt of $38.38 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 49.79% to $942.0 million, while revenue of $329.0 million was 65.07% off the previous quarter. Analysts expected UAL to announce $2.27 per share in earnings in its latest quarter, but it posted $2.81, representing a 23.80% surprise. EBITDA for the quarter stood at more than $1.46 billion. UAL stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 64.07 billion, with total debt at $38.38 billion. Shareholders hold equity totaling $326.93 million.

Let’s look briefly at United Airlines Holdings Inc. (UAL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 67.06% to suggest the stock is trending Neutral, with historical volatility in this time period at 54.32%.

The stock’s 5-day moving average is $49.43, reflecting a -4.59% or -$2.37 change from its current price. UAL is currently trading +26.36% above its 20-day SMA, +36.81% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +16.83% and SMA200 by+10.22%.

Stochastic %K and %D was 74.32% and 75.94% and the average true range (ATR) pointed at 1.99. The RSI (14) points at 65.88%, while the 14-day stochastic is at 75.80% with the period’s ATR at 1.90. The stock’s 9-day MACD Oscillator is pointing at -0.25 and 2.80 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for UAL stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate UAL as a “sell,”, while 6 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 10 have offered a “buy” rating.

What is UAL’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $36.00 and a high of $81.00, with their median price target at $54.50. Looking at these predictions, the average price target given by analysts is for United Airlines Holdings Inc. (UAL) stock is $56.75.


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