In the latest trading session, 4.67 million United Airlines Holdings Inc. (NASDAQ:UAL) shares changed hands as the company’s beta touched 1.62. With the company’s most recent per share price at $54.80 changed hands at -$0.89 or -1.60% at last look, the market valuation stands at $17.80B. UAL’s current price is a discount, trading about -16.24% off its 52-week high of $63.70. The share price had its 52-week low at $29.23, which suggests the last value was 46.66% up since then. When we look at United Airlines Holdings Inc.’s average trading volume, we note the 10-day average is 10.27 million shares, with the 3-month average coming to 13.61 million.
Analysts gave the United Airlines Holdings Inc. (UAL) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.60. If we narrow down to specifics, the data shows that 2 out of 22 analysts rate the stock as a Sell, with a further 2 assigning it an Overweight rating. Of the remaining, 9 recommended UAL as a Hold, 8 felt it is a Buy and 1 rated the stock as Underweight. United Airlines Holdings Inc.’s EPS for the current quarter is expected to be -$4.3.
United Airlines Holdings Inc. (NASDAQ:UAL) trade information
Instantly UAL was in red as seen in intraday trades today. With action -0.09%, the performance over the past five days has been red. The drop to weekly highs of 56.41 on Monday, 06/21/21 subtracted -1.60% to the stock’s daily price. The company’s shares are showing year-to-date upside of 28.76%, with the 5-day performance at -0.09% in the red. However, in the 30-day time frame, United Airlines Holdings Inc. (NASDAQ:UAL) is 1.09% up. Looking at the short shares, we see there were 11.04 million shares sold at short interest cover period of 0.86 days.
The consensus price target for the stock as assigned by Wall Street analysts is $61.16, meaning bulls need an upside of 10.4% from its recent market value. According to analyst projections, UAL’s forecast low is $43.00 with $78.00 as the target high. To hit the forecast high, the stock’s price needs a -42.34% plunge from its current level, while the stock would need to tank 21.53% for it to hit the projected low.
United Airlines Holdings Inc. (UAL) estimates and forecasts
Data shows that the United Airlines Holdings Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 21.38% over the past 6 months, a 49.26% in annual growth rate that is considerably higher than the industry average of 34.90%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for United Airlines Holdings Inc. will rise 53.80%, while the growth in revenue is estimated to hit 80.90% for the next quarter. Year-over-year growth is forecast to reach 51.90% up from the last financial year.
Consensus estimates given by 13 financial analysts project the company’s revenue in the current quarter to hit an average of $5.18 billion. 13 analysts are of the opinion that United Airlines Holdings Inc.’s revenue for the quarter ending Sep 2021 will be $7.01 billion. The company’s revenue for the corresponding quarters a year ago was $1.48 billion and $2.54 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 251.00%. The estimates for the next quarter sales put growth at 176.60%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -33.70%. The 2021 estimates are for United Airlines Holdings Inc. earnings to decrease by -318.50%.
United Airlines Holdings Inc. is expected to release its next quarterly earnings report in July.
United Airlines Holdings Inc. (NASDAQ:UAL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.24% of United Airlines Holdings Inc. shares while 64.56% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 64.72%. There are 64.56% institutions holding the United Airlines Holdings Inc. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Mar 30, 2021, the company held 12.07% of the shares, roughly 32.21 million UAL shares worth $1.85 billion.
Primecap Management Company holds the second largest percentage of outstanding shares, with 10.28% or 27.42 million shares worth $1.58 billion as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were Vanguard/Primecap Fund and Vanguard Total Stock Market Index Fund. With 13.41 million shares estimated at $771.37 million under it, the former controlled 5.03% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 3.29% of the shares, roughly 8.79 million shares worth around $505.61 million.