United Continental (NYSE:UAL) Receives “In-Line” Rating from Imperial Capital

United Continental (NYSE:UAL)‘s stock had its “in-line” rating reaffirmed by stock analysts at Imperial Capital in a report released on Thursday, January 11th, Marketbeat Ratings reports. They presently have a $74.00 price objective on the transportation company’s stock, up from their prior price objective of $64.00. Imperial Capital’s target price would indicate a potential upside of 12.67% from the stock’s current price. 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 brokerages have also commented on UAL. Stifel Nicolaus reaffirmed a “buy” rating and issued a $130.00 price target (up previously from $100.00) on shares of United Continental in a research note on Wednesday, January 10th. Citigroup raised United Continental from a “neutral” rating to a “buy” rating and set a $76.00 price objective on the stock in a research note on Wednesday, January 10th. Cowen reissued a “market perform” rating and issued a $70.00 price objective (up previously from $63.00) on shares of United Continental in a research note on Thursday, October 12th. Bank of America reissued a “buy” rating and issued a $84.00 price objective (down previously from $85.00) on shares of United Continental in a research note on Tuesday, October 10th. Finally, Buckingham Research raised United Continental from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $65.00 to $81.00 in a research note on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company’s stock. United Continental has an average rating of “Hold” and an average price target of $83.47.

Shares of United Continental (UAL) traded down $1.47 during mid-day trading on Thursday, reaching $65.68. The company had a trading volume of 4,178,276 shares, compared to its average volume of 6,301,701. The company has a current ratio of 0.60, a quick ratio of 0.53 and a debt-to-equity ratio of 1.37. The firm has a market cap of $19,460.00, a price-to-earnings ratio of 9.29 and a beta of 1.02. United Continental has a twelve month low of $56.51 and a twelve month high of $83.04.

United Continental (NYSE:UAL) last announced its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.45. The business had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.41 billion. United Continental had a return on equity of 23.43% and a net margin of 5.65%. United Continental’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.78 EPS. research analysts anticipate that United Continental will post 7.42 EPS for the current year.

United Continental announced that its board has approved a share repurchase plan on Thursday, December 7th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the transportation company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UAL. Exane Derivatives increased its holdings in United Continental by 373.7% in the third quarter. Exane Derivatives now owns 1,852 shares of the transportation company’s stock valued at $113,000 after purchasing an additional 1,461 shares during the last quarter. Sun Life Financial INC increased its holdings in United Continental by 18,645.5% in the second quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock valued at $155,000 after purchasing an additional 2,051 shares during the last quarter. Captrust Financial Advisors bought a new stake in United Continental in the second quarter valued at about $181,000. Beach Investment Counsel Inc. PA bought a new stake in United Continental in the fourth quarter valued at about $204,000. Finally, Institute for Wealth Management LLC. bought a new stake in United Continental in the second quarter valued at about $208,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

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About United Continental

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.

Analyst Recommendations for United Continental (NYSE:UAL)

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