United Continental Holdings Inc (NYSE:UAL) has earned a consensus rating of “Hold” from the twenty-two analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $87.75.
Several research analysts recently weighed in on UAL shares. Zacks Investment Research lowered United Continental from a “buy” rating to a “hold” rating in a research report on Thursday, April 12th. Morgan Stanley cut their target price on United Continental from $80.00 to $77.00 and set a “hold” rating on the stock in a research report on Thursday, April 12th. Bank of America set a $83.00 target price on United Continental and gave the stock a “buy” rating in a research report on Tuesday, March 6th. Imperial Capital increased their target price on United Continental from $74.00 to $77.00 and gave the stock an “in-line” rating in a research report on Thursday, April 19th. Finally, Buckingham Research increased their target price on United Continental from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, June 13th.
Shares of NYSE:UAL traded down $0.88 during trading on Monday, reaching $72.06. The stock had a trading volume of 66,111 shares, compared to its average volume of 2,800,560. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.58 and a quick ratio of 0.52. The firm has a market capitalization of $20.22 billion, a PE ratio of 10.69 and a beta of 0.88. United Continental has a 1-year low of $56.51 and a 1-year high of $81.39.
United Continental (NYSE:UAL) last issued its quarterly earnings results on Tuesday, April 17th. The transportation company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.43. The firm had revenue of $9.03 billion for the quarter, compared to analyst estimates of $9.01 billion. United Continental had a return on equity of 23.63% and a net margin of 5.69%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 earnings per share. analysts expect that United Continental will post 7.77 earnings per share for the current year.
In related news, Director Edward Shapiro acquired 50,000 shares of the business’s stock in a transaction on Thursday, May 10th. The shares were bought at an average cost of $65.86 per share, with a total value of $3,293,000.00. Following the completion of the transaction, the director now directly owns 77,707 shares of the company’s stock, valued at approximately $5,117,783.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Gregory L. Hart sold 4,000 shares of the firm’s stock in a transaction dated Thursday, April 19th. The shares were sold at an average price of $70.62, for a total value of $282,480.00. Following the completion of the transaction, the chief operating officer now directly owns 24,279 shares in the company, valued at $1,714,582.98. The disclosure for this sale can be found here. Company insiders own 0.32% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Suntrust Banks Inc. grew its stake in shares of United Continental by 392.5% during the first quarter. Suntrust Banks Inc. now owns 17,770 shares of the transportation company’s stock valued at $1,233,000 after acquiring an additional 14,162 shares in the last quarter. Howard Capital Management Inc. lifted its position in shares of United Continental by 30.7% in the 1st quarter. Howard Capital Management Inc. now owns 4,255 shares of the transportation company’s stock worth $290,000 after purchasing an additional 999 shares during the period. Summit Trail Advisors LLC lifted its position in shares of United Continental by 9,454.7% in the 1st quarter. Summit Trail Advisors LLC now owns 139,785 shares of the transportation company’s stock worth $140,000 after purchasing an additional 138,322 shares during the period. CIBC World Markets Inc. lifted its position in shares of United Continental by 14.1% in the 1st quarter. CIBC World Markets Inc. now owns 7,357 shares of the transportation company’s stock worth $511,000 after purchasing an additional 910 shares during the period. Finally, Gables Capital Management Inc. acquired a new position in shares of United Continental in the 1st quarter worth approximately $139,000. Institutional investors own 96.15% of the company’s stock.
United Continental Company Profile
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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