United Airlines Holdings Inc. (NASDAQ: UAL) stock fell -2.53% on Wednesday to $46.66 against a previous-day closing price of $47.87. With 7.66 million shares changed hands, the volume of the stock remained lighter than its average volume of 7.75 million shares. During the session, the Airlines company that operates in wider Industrials sector, reached to the highest price of $47.43 whereas the lowest price it dropped to was $45.98. The 52-week range on UAL shows that it touched its highest point at $55.04 and its lowest point at $31.58 during that stretch. It currently has a 1-year price target of $62.41. Beta for the stock currently stands at 1.40.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of UAL was down-trending over the past week, with a drop of -2.28%, but this was up by 9.81% over a month. Three-month performance dropped to -7.75% while six-month performance rose 7.44%. The stock gained 4.24% in the past year, while it has gained 23.77% so far this year. A look at the trailing 12-month EPS for UAL yields 5.73 with Next year EPS estimates of 10.70. For the next quarter, that number is 3.78. This implies an EPS growth rate of 136.60% for this year and 16.55% for next year. EPS is expected to grow by 59.44% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -19.10%.
Float and Shares Shorts:
At present, 327.40 million UAL shares are outstanding with a float of 325.89 million shares on hand for trading. On Apr 27, 2023, short shares totaled 17.03 million, which was 5.19% higher than short shares on Mar 30, 2023. In addition to Mr. J. Scott Kirby as the firm’s CEO & Director, Mr. Brett J. Hart serves as its Pres.
Through their ownership of 65.41% of UAL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 5.85% of UAL, in contrast to 45.07% held by mutual funds. Shares owned by individuals account for 23.37%. As the largest shareholder in UAL with 11.29% of the stake, The Vanguard Group, Inc. holds 37,025,431 shares worth 37,025,431. A second-largest stockholder of UAL, PRIMECAP Management Co., holds 23,905,209 shares, controlling over 7.29% of the firm’s shares. Capital Research & Management Co is the third largest shareholder in UAL, holding 20,437,182 shares or 6.23% stake. With a 4.98% stake in UAL, the American Funds Growth Fund of Ame is the largest stakeholder. A total of 16,330,189 shares are owned by the mutual fund manager. The Vanguard PRIMECAP Fund, which owns about 3.78% of UAL stock, is the second-largest Mutual Fund holder. It holds 12,389,133 shares valued at 542.64 million. Vanguard Total Stock Market ETF holds 3.09% of the stake in UAL, owning 10,136,310 shares worth 443.97 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, UAL reported revenue of $12.11B and operating income of $990.00M. The EBITDA in the recently reported quarter was $1.01B and diluted EPS was $1.00.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for UAL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With UAL analysts setting a high price target of $80.00 and a low target of $43.00, the average target price over the next 12 months is $63.56. Based on these targets, UAL could surge 71.45% to reach the target high and fall by -7.84% to reach the target low. Reaching the average price target will result in a growth of 36.22% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded UAL stock several times over the past three months with 31 Buys and 10 Sells. In these transactions, 362,425 shares were bought while 135,530 shares were sold. The number of buy transactions has increased to 70 while that of sell transactions has risen to 45 over the past year. The total number of shares bought during that period was 838,560 while 363,436 shares were sold.