United Continental (NYSE:UAL) had its price objective increased by stock analysts at Bank of America from $80.00 to $83.00 in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the transportation company’s stock. Bank of America’s price objective indicates a potential upside of 24.70% from the stock’s current price.
A number of other research analysts have also issued reports on UAL. Cowen reissued a “market perform” rating and set a $70.00 target price (up from $63.00) on shares of United Continental in a research note on Thursday, October 12th. Citigroup boosted their target price on shares of United Continental from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, October 19th. Imperial Capital reduced their target price on shares of United Continental from $63.00 to $57.00 and set an “in-line” rating for the company in a research note on Friday, October 20th. Stifel Nicolaus reissued a “buy” rating and set a $100.00 target price (down from $110.00) on shares of United Continental in a research note on Friday, October 20th. Finally, Morgan Stanley set a $68.00 target price on shares of United Continental and gave the company a “hold” rating in a research note on Friday, October 20th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $82.19.
United Continental (NYSE:UAL) traded up $0.48 during midday trading on Wednesday, hitting $66.56. 6,418,429 shares of the stock traded hands, compared to its average volume of 5,370,000. United Continental has a 1-year low of $56.51 and a 1-year high of $83.04. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.53. The firm has a market cap of $19,720.00, a price-to-earnings ratio of 9.41 and a beta of 1.05.
United Continental (NYSE:UAL) last posted its 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 net margin of 5.65% and a return on equity of 23.43%. United Continental’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.78 EPS. equities research analysts expect that United Continental will post 7.22 earnings per share for the current year.
United Continental announced that its board has approved a share repurchase program on Thursday, December 7th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the transportation company to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Exane Derivatives raised its holdings in shares of United Continental by 373.7% in the 3rd 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. Sun Life Financial INC raised its holdings in shares of United Continental by 18,645.5% in the 2nd quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock worth $155,000 after purchasing an additional 2,051 shares in the last quarter. Institute for Wealth Management LLC. acquired a new stake in shares of United Continental during the second quarter valued at approximately $208,000. Zeke Capital Advisors LLC acquired a new stake in shares of United Continental during the third quarter valued at approximately $230,000. Finally, Americafirst Capital Management LLC raised its holdings in shares of United Continental by 299.4% during the third quarter. Americafirst Capital Management LLC now owns 4,270 shares of the transportation company’s stock valued at $260,000 after acquiring an additional 3,201 shares during the period. Institutional investors and hedge funds own 95.70% of the company’s stock.
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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.