UAL

Jefferies Upgrades United Airlines Holdings (UAL)

Fintel reports that on May 29, 2024, Jefferies upgraded their outlook for United Airlines Holdings (NasdaqGS:UAL) from Hold to Buy.

Analyst Price Forecast Suggests 38.32% Upside

As of May 22, 2024, the average one-year price target for United Airlines Holdings is 70.04. The forecasts range from a low of 50.50 to a high of $102.90. The average price target represents an increase of 38.32% from its latest reported closing price of 50.64.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for United Airlines Holdings is 54,267MM, a decrease of 1.02%. The projected annual non-GAAP EPS is 8.79.

What is the Fund Sentiment?

There are 1,240 funds or institutions reporting positions in United Airlines Holdings. This is an decrease of 8 owner(s) or 0.64% in the last quarter. Average portfolio weight of all funds dedicated to UAL is 0.18%, an increase of 6.68%. Total shares owned by institutions increased in the last three months by 6.27% to 287,934K shares. UAL / United Airlines Holdings, Inc. Put/Call Ratios The put/call ratio of UAL is 1.66, indicating a bearish outlook.

What are Other Shareholders Doing?

UAL / United Airlines Holdings, Inc. Shares Held by Institutions

Primecap Management holds 23,701K shares representing 7.21% ownership of the company. In its prior filing, the firm reported owning 23,353K shares , representing an increase of 1.47%. The firm increased its portfolio allocation in UAL by 10.95% over the last quarter.

Capital International Investors holds 18,503K shares representing 5.63% ownership of the company. In its prior filing, the firm reported owning 18,073K shares , representing an increase of 2.32%. The firm increased its portfolio allocation in UAL by 7.28% over the last quarter.

AGTHX - GROWTH FUND OF AMERICA holds 16,073K shares representing 4.89% ownership of the company. No change in the last quarter.

VPMCX - Vanguard PRIMECAP Fund Investor Shares holds 12,098K shares representing 3.68% ownership of the company. In its prior filing, the firm reported owning 12,136K shares , representing a decrease of 0.31%. The firm decreased its portfolio allocation in UAL by 10.19% over the last quarter.

Capital World Investors holds 11,322K shares representing 3.44% ownership of the company. In its prior filing, the firm reported owning 11,314K shares , representing an increase of 0.07%. The firm increased its portfolio allocation in UAL by 8.06% over the last quarter.

United Airlines Holdings Background Information
(This description is provided by the company.)

United's shared purpose is 'Connecting People. Uniting the World.' The Company is more focused than ever on its commitment to customers through a series of innovations and improvements designed to help build a great experience: Every customer. Every flight. Every day. Together, United and United Express operate approximately 4,900 flights a day to 358 airports across five continents. In 2018, United and United Express operated more than 1.7 million flights carrying more than 158 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, New York/Newark, San Francisco and Washington, D.C. United operates 788 mainline aircraft and the airline's United Express partners operate 560 regional aircraft. United is a founding member of Star Alliance, which provides service to 195 countries via 26 member airlines.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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