United Continental (NYSE:UAL) had its price target increased by Imperial Capital from $64.00 to $74.00 in a research report report published on Thursday. Imperial Capital currently has a line rating on the transportation company’s stock. Imperial Capital also issued estimates for United Continental’s FY2017 earnings at $6.71 EPS, Q2 2018 earnings at $2.52 EPS, Q3 2018 earnings at $2.29 EPS and FY2018 earnings at $6.71 EPS.
Several other analysts also recently commented on the company. Citigroup upgraded United Continental from a neutral rating to a buy rating and set a $76.00 target price for the company in a research note on Wednesday. Stifel Nicolaus restated a buy rating and issued a $130.00 target price (up from $100.00) on shares of United Continental in a research note on Wednesday. Buckingham Research upgraded United Continental from a neutral rating to a buy rating and raised their target price for the company from $65.00 to $81.00 in a research note on Tuesday, December 19th. Standpoint Research upgraded United Continental from a hold rating to a buy rating in a research note on Monday, December 18th. Finally, Cowen reiterated a hold rating and set a $67.00 price target on shares of United Continental in a research note on Friday, December 8th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $81.69.
Shares of United Continental (NYSE:UAL) traded up $1.95 on Thursday, hitting $78.40. The stock had a trading volume of 4,480,000 shares, compared to its average volume of 4,190,000. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.53 and a current ratio of 0.60. The firm has a market cap of $23,230.00, a P/E ratio of 11.35, a PEG ratio of 1.82 and a beta of 1.05. United Continental has a 12 month low of $56.51 and a 12 month high of $83.04.
United Continental (NYSE:UAL) last issued its earnings results on Wednesday, October 18th. The transportation company reported $2.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.12 by $0.10. The company had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.87 billion. United Continental had a return on equity of 25.26% and a net margin of 5.22%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the business posted $3.11 EPS. equities research analysts predict that United Continental will post 6.59 earnings per share for the current fiscal year.
United Continental declared that its board has initiated a share repurchase plan on Thursday, December 7th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the transportation company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.
In other United Continental news, Director Robert A. Milton bought 1,000 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were purchased at an average price of $58.60 per share, for a total transaction of $58,600.00. Following the purchase, the director now directly owns 6,176 shares of the company’s stock, valued at $361,913.60. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.27% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in UAL. Exane Derivatives boosted its stake in shares of United Continental by 373.7% in the 3rd quarter. Exane Derivatives now owns 1,852 shares of the transportation company’s stock worth $113,000 after buying an additional 1,461 shares during the last quarter. Sun Life Financial INC boosted its stake in shares of United Continental by 18,645.5% in the 2nd quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock worth $155,000 after buying an additional 2,051 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of United Continental in the 2nd quarter worth approximately $181,000. Institute for Wealth Management LLC. purchased a new position in shares of United Continental in the 2nd quarter worth approximately $208,000. Finally, Beach Investment Management LLC. purchased a new position in shares of United Continental in the 2nd quarter worth approximately $227,000. Hedge funds and other institutional investors own 95.63% of the company’s stock.
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United Continental Company Profile
United Continental Holdings, Inc (UAL) is a holding company and its principal subsidiary is United Air Lines, Inc (United). The Company transports people and cargo through its mainline operations. It has global air rights in North America, Asia-Pacific, Europe, Middle East, Africa and Latin America. The Company, through United and its regional carriers, operates flights from its hubs at Newark Liberty International Airport (Newark Liberty), Chicago O’Hare International Airport (Chicago O’Hare), Denver International Airport (Denver), George Bush Intercontinental Airport (Houston Bush), Los Angeles International Airport (LAX), A.B.
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