United Continental (NYSE:UAL) had its price objective increased by stock analysts at Buckingham Research from $83.00 to $88.00 in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the transportation company’s stock. Buckingham Research’s price target would suggest a potential upside of 32.21% from the stock’s current price.
UAL has been the subject of a number of other research reports. TheStreet upgraded shares of United Continental from a “c+” rating to a “b” rating in a research note on Thursday, December 7th. Stifel Nicolaus restated 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 upgraded 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 increased their price objective on shares of United Continental from $57.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, December 13th. Finally, Zacks Investment Research upgraded shares of United Continental from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $82.19.
United Continental (NYSE UAL) traded up $0.48 during trading hours on Wednesday, reaching $66.56. 6,418,429 shares of the company traded hands, compared to its average volume of 5,370,000. The firm has a market cap of $19,720.00, a PE ratio of 9.41 and a beta of 1.05. United Continental has a 1 year low of $56.51 and a 1 year high of $83.04. The company has a current ratio of 0.60, a quick ratio of 0.53 and a debt-to-equity ratio of 1.37.
United Continental (NYSE:UAL) last released its earnings results on Tuesday, January 23rd. The transportation company reported $1.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.45. The firm had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.41 billion. United Continental had a net margin of 5.65% and a return on equity of 23.43%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.78 EPS. research analysts forecast that United Continental will post 7.22 EPS for the current fiscal year.
United Continental announced that its Board of Directors has initiated a share repurchase program on Thursday, December 7th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the transportation company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.
Several institutional investors have recently made changes to their positions in UAL. Janus Henderson Group PLC increased its position in shares of United Continental by 30,735.3% during the 2nd quarter. Janus Henderson Group PLC now owns 6,957,062 shares of the transportation company’s stock worth $523,519,000 after purchasing an additional 6,934,500 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in United Continental during the 3rd quarter worth about $121,305,000. Diamond Hill Capital Management Inc. grew its holdings in United Continental by 33.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,637,733 shares of the transportation company’s stock worth $160,585,000 after acquiring an additional 656,990 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in United Continental during the 3rd quarter worth about $28,887,000. Finally, Thompson Siegel & Walmsley LLC grew its holdings in United Continental by 76.4% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 994,843 shares of the transportation company’s stock worth $60,566,000 after acquiring an additional 431,002 shares during the last quarter. 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.