United Continental (NYSE:UAL) had its price objective raised by equities research analysts at Bank of America from $86.00 to $90.00 in a research report issued on Thursday. The brokerage currently has a “buy” rating on the transportation company’s stock. Bank of America’s price objective suggests a potential upside of 27.68% from the company’s previous close.
A number of other equities research analysts have also recently 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 report on Wednesday, January 10th. Citigroup raised shares of United Continental from a “neutral” rating to a “buy” rating and set a $76.00 price target on the stock in a report on Wednesday, January 10th. Imperial Capital reaffirmed an “in-line” rating and issued a $74.00 price target (up previously from $64.00) on shares of United Continental in a report on Thursday, January 11th. Morgan Stanley lifted their price target on shares of United Continental from $68.00 to $71.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Finally, Buckingham Research boosted their target price on shares of United Continental from $83.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $84.76.
Shares of NYSE:UAL traded down $0.09 during mid-day trading on Thursday, reaching $70.49. The company had a trading volume of 907,273 shares, compared to its average volume of 4,610,762. The company has a current ratio of 0.56, a quick ratio of 0.49 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $19,171.73, a PE ratio of 10.42 and a beta of 0.87. United Continental has a one year low of $56.51 and a one year high of $83.04.
United Continental (NYSE:UAL) last posted its quarterly earnings results on Tuesday, April 17th. The transportation company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.43. The company had revenue of $9.03 billion for the quarter, compared to analysts’ expectations of $9.01 billion. United Continental had a net margin of 5.69% and a return on equity of 23.27%. United Continental’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 EPS. research analysts predict that United Continental will post 7.83 earnings per share for the current year.
In other news, Director Edward Shapiro purchased 25,000 shares of United Continental stock in a transaction dated Thursday, March 15th. The stock was purchased at an average cost of $70.65 per share, for a total transaction of $1,766,250.00. Following the transaction, the director now directly owns 37,707 shares of the company’s stock, valued at $2,663,999.55. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.27% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in UAL. Advisors Preferred LLC grew its position in shares of United Continental by 1,100.8% during the 4th quarter. Advisors Preferred LLC now owns 1,513 shares of the transportation company’s stock valued at $102,000 after purchasing an additional 1,387 shares in the last quarter. Focused Wealth Management Inc purchased a new position in shares of United Continental during the 4th quarter valued at $135,000. Deltec Asset Management LLC purchased a new position in shares of United Continental during the 4th quarter valued at $203,000. Beach Investment Counsel Inc. PA purchased a new position in shares of United Continental during the 4th quarter valued at $204,000. Finally, Wetherby Asset Management Inc. purchased a new position in shares of United Continental during the 4th quarter valued at $208,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.
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About United Continental
United Continental Holdings, Inc, together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2017, the company operated a fleet of 1,262 aircraft.
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