United Continental (UAL) Price Target Increased to $110.00 by Analysts at Imperial Capital

United Continental (NYSE:UAL) had its target price increased by research analysts at Imperial Capital from $101.00 to $110.00 in a research note issued on Tuesday, Marketbeat Ratings reports. The firm currently has an “in-line” rating on the transportation company’s stock. Imperial Capital’s target price points to a potential upside of 19.64% from the stock’s current price. Imperial Capital also issued estimates for United Continental’s FY2018 earnings at $9.00 EPS, Q2 2019 earnings at $3.91 EPS, Q3 2019 earnings at $3.73 EPS and FY2020 earnings at $12.65 EPS.

UAL has been the subject of several other reports. Morgan Stanley set a $92.00 price objective on United Continental and gave the company a “hold” rating in a report on Tuesday, September 18th. Credit Suisse Group assumed coverage on United Continental in a report on Monday, November 19th. They issued an “outperform” rating and a $113.00 price objective for the company. Zacks Investment Research raised United Continental from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a report on Monday, October 1st. Goldman Sachs Group assumed coverage on United Continental in a report on Monday, November 12th. They issued a “neutral” rating and a $102.00 price objective for the company. Finally, Macquarie raised United Continental from a “neutral” rating to an “outperform” rating and set a $102.00 price objective for the company in a report on Thursday, October 18th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $103.75.

UAL stock opened at $91.94 on Tuesday. United Continental has a twelve month low of $60.44 and a twelve month high of $97.85.

United Continental (NYSE:UAL) last posted its quarterly earnings data on Tuesday, October 16th. The transportation company reported $3.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.07 by ($0.01). The firm had revenue of $11 billion during the quarter, compared to analyst estimates of $10.95 billion. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.22 earnings per share.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Motley Fool Asset Management LLC lifted its holdings in shares of United Continental by 19.0% during the third quarter. Motley Fool Asset Management LLC now owns 3,584 shares of the transportation company’s stock worth $319,000 after purchasing an additional 572 shares during the period. Parallel Advisors LLC lifted its holdings in shares of United Continental by 107.0% during the third quarter. Parallel Advisors LLC now owns 1,360 shares of the transportation company’s stock worth $121,000 after purchasing an additional 703 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of United Continental by 2.8% during the third quarter. Mackenzie Financial Corp now owns 27,191 shares of the transportation company’s stock worth $2,422,000 after purchasing an additional 740 shares during the period. Oregon Public Employees Retirement Fund raised its position in United Continental by 0.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 110,860 shares of the transportation company’s stock worth $9,873,000 after acquiring an additional 851 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in United Continental by 2.8% in the second quarter. Crossmark Global Holdings Inc. now owns 33,232 shares of the transportation company’s stock worth $2,317,000 after acquiring an additional 920 shares in the last quarter. 95.21% of the stock is owned by hedge funds and other institutional investors.

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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