Now Is A Suitable Moment For A Long-Term Purchase Of United Airlines Holdings Inc (NASDAQ: UAL)

Currently, there are 328.02M common shares owned by the public and among those 327.11M shares have been available to trade.

The company’s stock has a 5-day price change of 2.05% and -23.54% over the past three months. UAL shares are trading 1.21% year to date (YTD), with the 12-month market performance down to -14.95% lower. It has a 12-month low price of $33.68 and touched a high of $56.17 over the same period. UAL has an average intraday trading volume of 7.25 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.48%, -9.74%, and -7.05% respectively.

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Institutional ownership of United Airlines Holdings Inc (NASDAQ: UAL) shares accounts for 78.63% of the company’s 328.02M shares outstanding.

It has a market capitalization of $13.73B and a beta (3y monthly) value of 1.44. The stock’s trailing 12-month PE ratio is 4.74, while the earnings-per-share (ttm) stands at $8.82. The company has a PEG of 0.18 and a Quick Ratio of 0.71 with the debt-to-equity ratio at 3.25. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.91% over the week and 3.79% over the month.

Earnings per share for the fiscal year are expected to decrease by -4.50%, and 17.04% over the next financial year. EPS should grow at an annualized rate of 26.52% over the next five years, compared to 0.56% over the past 5-year period.

Looking at the support for the UAL, a number of firms have released research notes about the stock. TD Cowen stated their Buy rating for the stock in a research note on July 17, 2024, with the firm’s price target at $65-$80. Redburn Atlantic coverage for the United Airlines Holdings Inc (UAL) stock in a research note released on June 06, 2024 offered a Buy rating with a price target of $70. Jefferies was of a view on May 29, 2024 that the stock is Buy, while Wolfe Research gave the stock Outperform rating on May 17, 2024, issuing a price target of $76. UBS on their part issued Neutral rating on March 20, 2024.

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