United Airlines (UAL, $87.15) got a rating boost and price target hike from Evercore ISI analyst
United Airlines got a rating upgrade from an Evercore ISI analyst.
Analyst Duane Pfennigwerth raised rating on the airline stock to outperform from in-line. Pfennigwerth also boosted his price target for the shares to $125, from $105.
Pfennigwerth cited United shares’ "significant valuation" discount in comparison with its peers, combined with a potential improvement in longer-term co-brand credit card economics and Evercore ISI’s outlook of improved global GDP growth in 2020.
UAL in upward trend: price rose above 50-day moving average on November 29, 2023
UAL moved above its 50-day moving average on November 29, 2023 date and that indicates a change from a downward trend to an upward trend. In of 46 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where UAL's RSI Indicator exited the oversold zone, of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 57 cases where UAL's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on December 01, 2023. You may want to consider a long position or call options on UAL as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for UAL just turned positive on November 01, 2023. Looking at past instances where UAL's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for UAL crossed bullishly above the 50-day moving average on November 24, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 21 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UAL advanced for three days, in of 314 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 199 cases where UAL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where UAL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
UAL broke above its upper Bollinger Band on November 08, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.443) is normal, around the industry mean (105.528). P/E Ratio (4.509) is within average values for comparable stocks, (14.259). Projected Growth (PEG Ratio) (0.119) is also within normal values, averaging (0.438). Dividend Yield (0.000) settles around the average of (0.041) among similar stocks. P/S Ratio (0.248) is also within normal values, averaging (0.962).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. UAL’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. UAL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a holding company with interest in transporting people and cargo through mainline operations, which utilize full-sized jet aircraft
Industry Airlines
UAL and
Correlation & Price change
A.I.dvisor indicates that over the last year, UAL has been closely correlated with DAL. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if UAL jumps, then DAL could also see price increases.