Wolfe Research lifts United Airlines Holdings Inc. [UAL] price estimate. Who else is bullish?

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United Airlines Holdings Inc. [NASDAQ: UAL] surged by $1.5 during the normal trading session on Friday and reaching a high of $36.56 during the day while it closed the day at $36.28. The company report on June 16, 2022 that Vueling joins forces with BitPay and UATP to accept cryptocurrencies as an alternative method of payment.


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The airline signs an agreement with the world’s largest provider of Bitcoin and cryptocurrency payment services.

Vueling, an airline part of IAG, and BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, have reached an agreement allowing the airline’s customers to make payments through this digital means of exchange.

United Airlines Holdings Inc. stock has also loss -11.86% of its value over the past 7 days. However, UAL stock has declined by -14.33% in the 3 months of the year. Over the past six months meanwhile, it has lost -9.41% and lost -17.13% year-on date.

The market cap for UAL stock reached $11.36 billion, with 325.00 million shares outstanding. Compared to the average trading volume of 13.59M shares, UAL reached a trading volume of 19198102 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $60.44 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 2.40. 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.

Wolfe Research have made an estimate for United Airlines Holdings Inc. shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on May 06, 2022. While these analysts kept the previous recommendation, JP Morgan raised their target price from $60 to $76. The new note on the price target was released on April 22, 2022, representing the official price target for United Airlines Holdings Inc. stock. Previously, the target price had yet another raise to $59, while Argus analysts kept a Buy rating on UAL stock.

The Average True Range (ATR) for United Airlines Holdings Inc. is set at 2.54, with the Price to Sales ratio for UAL stock in the period of the last 12 months amounting to 0.39. The Price to Book ratio for the last quarter was 3.25, with the Price to Cash per share for the same quarter was set at 59.64. Price to Free Cash Flow for UAL in the course of the last twelve months was 11.02 with Quick ratio for the last quarter at 1.00.

UAL stock trade performance evaluation

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 -11.86. With this latest performance, UAL shares dropped by -18.71% in over the last four-week period, additionally sinking by -9.41% over the last 6 months – not to mention a drop of -33.94% 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 35.84, with the RSI for the last a single of trading hit 32.58, and the three-weeks RSI is set at 38.71 for United Airlines Holdings Inc. [UAL]. The present Moving Average for the last 50 days of trading for this stock 44.99, while it was recorded at 36.59 for the last single week of trading, and 45.04 for the last 200 days.

United Airlines Holdings Inc. [UAL]: An insightful look at the core 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 -17.82 and a Gross Margin at -15.07. United Airlines Holdings Inc.’s Net Margin is presently recorded at -7.97.

Return on Equity for this stock declined to -35.74, with Return on Assets sitting at -2.79.

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.

United Airlines Holdings Inc. [UAL]: Insider Ownership positions

There are presently around $7,365 million, or 62.50% of UAL stock, in the hands of institutional investors. The top three institutional holders of UAL stocks are: VANGUARD GROUP INC with ownership of 34,550,592, which is approximately 2.07% of the company’s market cap and around 0.30% of the total institutional ownership; PRIMECAP MANAGEMENT CO/CA/, holding 25,013,798 shares of the stock with an approximate value of $907.5 million in UAL stocks shares; and BLACKROCK INC., currently with $604.88 million in UAL stock with ownership of nearly -2.743% of the company’s market capitalization.

Positions in United Airlines Holdings Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 251 institutional holders increased their position in United Airlines Holdings Inc. [NASDAQ:UAL] by around 28,800,473 shares. Additionally, 259 investors decreased positions by around 14,297,365 shares, while 119 investors held positions by with 159,907,207 shares. The mentioned changes placed institutional holdings at 203,005,045 shares, according to the latest SEC report filing. UAL stock had 88 new institutional investments in for a total of 12,903,905 shares, while 85 institutional investors sold positions of 4,348,687 shares during the same period.

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