United Continental (NYSE:UAL) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $6.50-8.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.53.
Several research firms have recently weighed in on UAL. Bank of America set a $83.00 target price on United Continental and gave the company a buy rating in a research report on Tuesday, March 6th. Imperial Capital restated an in-line rating and set a $74.00 price objective (up previously from $64.00) on shares of United Continental in a report on Thursday, January 11th. Morgan Stanley restated a hold rating and set a $74.00 price objective (up previously from $71.00) on shares of United Continental in a report on Friday, February 23rd. Sanford C. Bernstein restated an outperform rating on shares of United Continental in a report on Wednesday, January 24th. Finally, Buckingham Research boosted their price objective on United Continental from $83.00 to $88.00 and gave the company a buy rating in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $83.03.
Shares of United Continental (NYSE UAL) opened at $72.00 on Tuesday. United Continental has a 1-year low of $56.51 and a 1-year high of $83.04. The firm has a market capitalization of $20,370.32, a price-to-earnings ratio of 10.57 and a beta of 0.99. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.56 and a quick ratio of 0.49.
United Continental announced that its Board of Directors has authorized a stock buyback program on Thursday, December 7th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the transportation company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
WARNING: “United Continental (UAL) Issues FY18 Earnings Guidance” was posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://www.americanbankingnews.com/2018/03/13/united-continental-ual-issues-fy18-earnings-guidance.html.
About United Continental
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.
Receive News & Ratings for United Continental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Continental and related companies with MarketBeat.com's FREE daily email newsletter.