In the latest trading session, 1.42 million United Airlines Holdings Inc (NASDAQ:UAL) shares changed hands as the company’s beta touched 1.45. With the company’s most recent per share price at $73.47 changed hands at -$0.53 or -0.72% at last look, the market valuation stands at $24.16B. UAL’s current price is a discount, trading about -2.03% off its 52-week high of $74.96. The share price had its 52-week low at $33.68, which suggests the last value was 54.16% up since then. When we look at United Airlines Holdings Inc’s average trading volume, we note the 10-day average is 11.55 million shares, with the 3-month average coming to 7.87 million.
Analysts gave the United Airlines Holdings Inc (UAL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.39. If we narrow down to specifics, the data shows that 0 out of 19 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended UAL as a Hold, 17 felt it is a Buy and 0 rated the stock as Underweight. United Airlines Holdings Inc’s EPS for the current quarter is expected to be 2.89.
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United Airlines Holdings Inc (NASDAQ:UAL) trade information
Instantly UAL was in red as seen in intraday trades today. With action 14.71%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 78.07%, with the 5-day performance at 14.71% in the green. However, in the 30-day time frame, United Airlines Holdings Inc (NASDAQ:UAL) is 40.32% up. Looking at the short shares, we see there were 16.43 million shares sold at short interest cover period of 2.17 days.
The consensus price target for the stock as assigned by Wall Street analysts is 72.5, meaning bulls need a downside of -1.34% from its recent market value. According to analyst projections, UAL’s forecast low is 33 with 97 as the target high. To hit the forecast high, the stock’s price needs a -32.03% plunge from its current level, while the stock would need to tank 55.08% 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 35.98% over the past 6 months, a 1.29% in annual growth rate that is considerably higher than the industry average of -15.70%. Year-over-year growth is forecast to reach 5.50% 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 14.32B. 5 analysts are of the opinion that United Airlines Holdings Inc’s revenue for the current quarter will be 13.28B. The company’s revenue for the corresponding quarters a year ago was 13.63B and 12.54B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 5.10%. The estimates for the next quarter sales put growth at 5.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0.56%. The 2024 estimates are for United Airlines Holdings Inc earnings to increase by 1.58%, but the outlook for the next 5-year period is at 7.53% per year.
UAL Dividends
United Airlines Holdings Inc is expected to release its next quarterly earnings report on 2025-Jan-20.
United Airlines Holdings Inc (NASDAQ:UAL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.48% of United Airlines Holdings Inc shares while 83.80% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 84.21%. There are 83.80% institutions holding the United Airlines Holdings Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 11.031% of the shares, roughly 36.21 million UAL shares worth $1.76 billion.
PRIMECAP MANAGEMENT CO/CA/ holds the second largest percentage of outstanding shares, with 7.2279% or 23.73 million shares worth $1.15 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Growth Fund Of America Inc and Vanguard/Primecap Fund. With 13.39 shares estimated at $982.23 million under it, the former controlled 5.02% of total outstanding shares. On the other hand, Vanguard/Primecap Fund held about 4.55% of the shares, roughly 12.15 shares worth around $891.45 million.
