In a report issued on April 11, Jamie Baker from J.P. Morgan maintained a Sell rating on United Airlines Holdings (UAL – Research Report), with a price target of $60.00. The company’s shares closed last Tuesday at $42.73.
According to TipRanks.com, Baker has 0 stars on 0-5 stars ranking scale with an average return of -4.9% and a 44.4% success rate. Baker covers the Industrial Goods sector, focusing on stocks such as Frontier Group Holdings, Southwest Airlines, and American Airlines.
Currently, the analyst consensus on United Airlines Holdings is a Hold with an average price target of $50.54.
Based on United Airlines Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $8.19 billion and GAAP net loss of $646 million. In comparison, last year the company earned revenue of $3.41 billion and had a GAAP net loss of $1.9 billion.
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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.
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