United Continental (NYSE:UAL) was downgraded by stock analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report released on Friday, February 2nd.
UAL has been the subject of a number of other research reports. TheStreet upgraded United Continental from a “c+” rating to a “b” rating in a report on Thursday, December 7th. Stifel Nicolaus reissued a “buy” rating and issued a $100.00 price objective (down previously from $110.00) on shares of United Continental in a research note on Friday, October 20th. Evercore ISI raised shares of United Continental from an “in-line” rating to an “outperform” rating and set a $68.00 price objective for the company in a research note on Wednesday, October 25th. Imperial Capital boosted their price objective on shares of United Continental from $57.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, December 13th. Finally, Bank of America boosted their price objective on shares of United Continental from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. United Continental presently has a consensus rating of “Hold” and an average target price of $83.47.
Shares of United Continental (NYSE UAL) opened at $64.14 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $18,657.98, a P/E ratio of 9.30 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.45. The firm had revenue of $9.44 billion during 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 business earned $1.78 earnings per share. research analysts expect that United Continental will post 7.43 EPS for the current fiscal year.
United Continental declared that its Board of Directors has initiated a share repurchase program on Thursday, December 7th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the transportation company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.
Hedge funds have recently modified their holdings of the company. Advisors Preferred LLC increased its position in shares of United Continental by 1,100.8% during the fourth quarter. Advisors Preferred LLC now owns 1,513 shares of the transportation company’s stock worth $102,000 after purchasing an additional 1,387 shares in the last quarter. Exane Derivatives increased its position in shares of United Continental by 373.7% during the third quarter. Exane Derivatives now owns 1,852 shares of the transportation company’s stock worth $113,000 after purchasing an additional 1,461 shares in the last quarter. Deltec Asset Management LLC acquired a new position in shares of United Continental during the fourth quarter worth $203,000. Beach Investment Counsel Inc. PA acquired a new position in shares of United Continental during the fourth quarter worth $204,000. Finally, Wetherby Asset Management Inc. acquired a new position in shares of United Continental during the fourth quarter worth $208,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.
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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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