JP Morgan slashes price target on United Airlines Holdings Inc. [UAL] – find out why.

United Airlines Holdings Inc. [NASDAQ: UAL] slipped around -1.09 points on Tuesday, while shares priced at $42.97 at the close of the session, down -2.46%. The company report on December 22, 2020 that A Message From Scott Kirby and Brett Hart.

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J. Scott Kirby, Chief Executive Officer, and Brett Hart, President, issued the following message to all United Airlines (NASDAQ: UAL) employees:.

United Team:.

United Airlines Holdings Inc. stock is now -51.22% down from its year-to-date (YTD) trading value. UAL Stock saw the intraday high of $44.79 and lowest of $42.43 per share. The company’s 52-week high price is 90.57, which means current price is +141.40% above from all time high which was touched on 01/02/20.

Compared to the average trading volume of 21.96M shares, UAL reached a trading volume of 16498229 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about United Airlines Holdings Inc. [UAL]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UAL shares is $47.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UAL stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for United Airlines Holdings Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on December 16, 2020. While these analysts kept the previous recommendation, UBS raised their target price from $33 to $62. The new note on the price target was released on December 11, 2020, representing the official price target for United Airlines Holdings Inc. stock. Previously, the target price had yet another raise from $54 to $56, while Deutsche Bank kept a Hold rating on UAL stock.

The Average True Range (ATR) for United Airlines Holdings Inc. is set at 2.17, with the Price to Sales ratio for UAL stock in the period of the last 12 months amounting to 0.56. The Price to Book ratio for the last quarter was 1.79, with the Price to Cash per share for the same quarter was set at 45.66.

How has UAL stock performed recently?

United Airlines Holdings Inc. [UAL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.46. With this latest performance, UAL shares gained by 7.69% in over the last four-week period, additionally plugging by 29.94% over the last 6 months – not to mention a drop of -51.96% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for UAL stock in for the last two-week period is set at 44.56, with the RSI for the last a single of trading hit 34.68, and the three-weeks RSI is set at 49.44 for United Airlines Holdings Inc. [UAL]. The present Moving Average for the last 50 days of trading for this stock 40.73, while it was recorded at 44.73 for the last single week of trading, and 34.58 for the last 200 days.

United Airlines Holdings Inc. [UAL]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and United Airlines Holdings Inc. [UAL] shares currently have an operating margin of +10.47 and a Gross Margin at +14.33. United Airlines Holdings Inc.’s Net Margin is presently recorded at +6.96.

Return on Total Capital for UAL is now 15.98, given the latest momentum, and Return on Invested Capital for the company is 11.32. Return on Equity for this stock inclined to 27.96, with Return on Assets sitting at 5.77. When it comes to the capital structure of this company, United Airlines Holdings Inc. [UAL] has a Total Debt to Total Equity ratio set at 177.35. Additionally, UAL Total Debt to Total Capital is recorded at 63.94, with Total Debt to Total Assets ending up at 36.09. Long-Term Debt to Equity for the company is recorded at 158.80, with the Long-Term Debt to Total Capital now at 57.26.

Reflecting on the efficiency of the workforce at the company, United Airlines Holdings Inc. [UAL] managed to generate an average of $31,344 per employee. Receivables Turnover for the company is 31.93 with a Total Asset Turnover recorded at a value of 0.83.United Airlines Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.

Earnings analysis for United Airlines Holdings Inc. [UAL]

With the latest financial reports released by the company, United Airlines Holdings Inc. posted 2.67/share EPS, while the average EPS was predicted by analysts to be reported at 2.65/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for UAL.

Insider trade positions for United Airlines Holdings Inc. [UAL]

There are presently around $7,700 million, or 62.40% of UAL stock, in the hands of institutional investors. The top three institutional holders of UAL stocks are: VANGUARD GROUP INC with ownership of 29,365,835, which is approximately 1.226% of the company’s market cap and around 0.10% of the total institutional ownership; PRIMECAP MANAGEMENT CO/CA/, holding 29,297,800 shares of the stock with an approximate value of $1.26 billion in UAL stocks shares; and BLACKROCK INC., currently with $692.11 million in UAL stock with ownership of nearly 14.106% of the company’s market capitalization.

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Positions in United Airlines Holdings Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 249 institutional holders increased their position in United Airlines Holdings Inc. [NASDAQ:UAL] by around 18,526,817 shares. Additionally, 210 investors decreased positions by around 17,264,969 shares, while 83 investors held positions by with 143,394,707 shares. The mentioned changes placed institutional holdings at 179,186,493 shares, according to the latest SEC report filing. UAL stock had 74 new institutional investments in for a total of 4,213,366 shares, while 67 institutional investors sold positions of 3,594,313 shares during the same period.

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