In yesterday’s Wall Street session, United Airlines Holdings Inc (NASDAQ:UAL) shares traded at $54.97, up 0.35% from the previous session.
UAL stock price is now 14.73% away from the 50-day moving average and 24.87% away from the 200-day moving average. The market capitalization of the company currently stands at $18.07B.
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With the price target maintained at $76, Wolfe Research recently Upgraded its rating from Peer Perform to Outperform for United Airlines Holdings Inc (NASDAQ: UAL). On March 20, 2024, UBS recently initiated its ‘Neutral’ rating on the stock quoting a target price of $47, while ‘Redburn Atlantic’ rates the stock as ‘Neutral’
In other news, Gebo Kate, EVP HR and Labor Relations sold 15,000 shares of the company’s stock on Apr 18 ’24. The stock was sold for $762,915 at an average price of $50.86. Upon completion of the transaction, the EVP HR and Labor Relations now directly owns 57,512 shares in the company, valued at $3.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 18 ’24, EVP HR and Labor Relations Gebo Kate sold 15,000 shares of the business’s stock. A total of $762,360 was realized by selling the stock at an average price of $50.82. This leaves the insider owning 57,512 shares of the company worth $3.16 million. A total of 0.52% of the company’s stock is owned by insiders.
During the past 12 months, United Airlines Holdings Inc has had a low of $33.68 and a high of $58.23. As of last week, the company has a debt-to-equity ratio of 3.79, a current ratio of 0.75, and a quick ratio of 0.69.
According to the Airlines Company, earnings per share came in at 5.03, beating analysts’ expectations of 4.03 by 1. This compares to -$0.59 EPS in the same period last year. The net profit margin was 4.90% and return on equity was 33.91% for UAL. The company reported revenue of $12.54 billion for the quarter, compared to $11.43 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.71 percent. For the current quarter, analysts expect UAL to generate $15.18B in revenue.
