Barclays Keeps Their Buy Rating on United Airlines Holdings (UAL)

Barclays analyst Brandon Oglenski maintained a Buy rating on United Airlines Holdings (UAL – Research Report) today and set a price target of $60.00. The company’s shares closed yesterday at $43.22.

Oglenski covers the Industrials sector, focusing on stocks such as Norfolk Southern, American Airlines, and FedEx. According to TipRanks, Oglenski has an average return of 7.3% and a 54.38% success rate on recommended stocks.

In addition to Barclays, United Airlines Holdings also received a Buy from Seaport Global’s Daniel Mckenzie in a report issued on March 26. However, on April 2, Jefferies maintained a Hold rating on United Airlines Holdings (NASDAQ: UAL).

Based on United Airlines Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $14.48 billion and a net profit of $1.14 billion. In comparison, last year the company earned a revenue of $12.88 billion and had a net profit of $942 million

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United Airlines Holdings (UAL) Company Description:

UAL Corp. provides air transportation services through it’s subsidiary, United Airlines, Inc., in North America, the Pacific, the Atlantic and Latin America. It offers transportation of passengers and cargo. The company operates 3,400 flights and 200 United States domestic and international destinations from its hubs in Los Angeles, San Francisco, Denver, Chicago and Washington. The company was founded in 1934 and is headquartered in Chicago, IL.