TD Cowen has recently reiterated United Airlines Holdings Inc (UAL) stock to Buy rating, as announced on October 17, 2024, according to Finviz. Earlier, on July 17, 2024, TD Cowen had reiterated the stock to Buy, setting a price target of $80 for UAL stock. Redburn Atlantic also raised Buy rating with a price target of $70. Additionally, Jefferies raised Buy rating on May 29, 2024, with a target price of $65. Wolfe Research analysts, in their report published on May 17, 2024, also raised Outperform rating and set a price target of $76 for United Airlines Holdings Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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United Airlines Holdings Inc (UAL) Stock Trading Recap
On Tuesday, United Airlines Holdings Inc (UAL) stock saw a modest uptick, ending the day at $80.03 which represents a slight increase of $2.78 or 3.60% from the prior close of $77.25. The stock opened at $77.26 and touched a low of $77.26 during the day, reaching a high of $80.09. The volume of shares traded was 4.52 million falling short of the average volume of 7.65 million.
UAL Stock Performance and Moving Averages
In recent trading, United Airlines Holdings Inc (UAL) stock price has shown some volatility, fluctuating 4.03% over the last five trades and 35.23% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 51.89%, and it has gained 106.48% in the previous three months. Currently, UAL is trading at 10.46%, 34.03%, and 60.52% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, UAL, a Industrials sector stock, is trading -1.62% below its 52-week high but remains 120.89% above its 52-week low. The Average True Range (ATR) (14 days) of 2.71 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
United Airlines Holdings Inc’s Profitability and Valuation Ratios
United Airlines Holdings Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 8.36% and a profit margin of 4.94%, with a gross margin of 51.89%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, United Airlines Holdings Inc’s market capitalization stands at $26.32 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 9.65, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 6.61. Additionally, the Price-to-Sales Ratio is 0.47, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.3, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.52% of United Airlines Holdings Inc (UAL)’s shares, while financial institutions hold 78.66%.
Notable insider trades include Gebo Kate, EVP HR and Labor Relations at United Airlines Holdings Inc (UAL), who sold 17500 shares on Nov 01 ’24, at $80.65 each, totaling $1.41 million. On Nov 01 ’24, Gebo Kate, EVP HR and Labor Relations, sold 17500 shares for $80.44 each, amounting to $1.41 million. Additionally, on Oct 17 ’24, Enqvist Torbjorn J sold 14500 shares at $72 each, generating $1.04 million.
