RE:Continuing to increase my position.UAL was up 2% today. AC used to track UAL very closely. This pattern should resume very soon in my view. T
Following the positive outlook from Jefferies, United Airlines (NASDAQ:UAL) also presents several compelling metrics that may interest investors. With a market capitalization of $16.65 billion and a remarkably low P/E ratio of 4.82 based on the last twelve months as of Q1 2024, the airline shows signs of being undervalued relative to its near-term earnings growth. Moreover, the PEG ratio, which is a measure of the stock's price relative to its earnings growth rate, stands at an attractive 0.16, suggesting that United Airlines could be a growth-at-a-reasonable-price (GARP) investment opportunity.
In addition to these financial metrics, United Airlines has seen a substantial 29.02% price uptick over the last six months, reflecting investor confidence in the company's trajectory. This is supported by the fact that 12 analysts have recently revised their earnings expectations upward for the upcoming period, indicating a consensus view of improving financial performance.