Shares of United Continental Holdings, Inc. (NYSE:UAL) have received an average recommendation of “Hold” from the twenty-four analysts that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $74.75.
A number of equities research analysts have recently commented on the stock. 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 report on Friday, October 20th. TheStreet upgraded shares of United Continental from a “c+” rating to a “b” rating in a research note on Thursday, December 7th. Barclays reiterated a “buy” rating and set a $90.00 price target on shares of United Continental in a research note on Thursday, September 14th. ValuEngine upgraded shares of United Continental from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Finally, Cowen reiterated a “market perform” rating and set a $62.00 price target (down from $70.00) on shares of United Continental in a research note on Friday, October 20th.
Shares of United Continental (NYSE:UAL) traded down $0.88 during trading hours on Thursday, hitting $63.36. 2,827,093 shares of the stock were exchanged, compared to its average volume of 4,364,100. United Continental has a 1-year low of $56.51 and a 1-year high of $83.04. The company has a quick ratio of 0.53, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $18,826.84, a PE ratio of 8.89, a price-to-earnings-growth ratio of 1.64 and a beta of 1.04.
United Continental (NYSE:UAL) last announced its earnings results on Wednesday, October 18th. The transportation company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.10. United Continental had a net margin of 5.22% and a return on equity of 25.26%. The business had revenue of $9.88 billion during the quarter, compared to analysts’ expectations of $9.87 billion. During the same period in the prior year, the company earned $3.11 earnings per share. The business’s revenue was down .4% compared to the same quarter last year. equities research analysts forecast that United Continental will post 6.31 earnings per share for the current fiscal year.
United Continental declared that its Board of Directors has authorized a stock repurchase program on Thursday, December 7th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
In other United Continental news, Director Edward Shapiro purchased 15,000 shares of the stock in a transaction dated Friday, September 15th. The shares were acquired at an average cost of $59.87 per share, for a total transaction of $898,050.00. Following the completion of the transaction, the director now directly owns 27,707 shares of the company’s stock, valued at $1,658,818.09. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert A. Milton purchased 1,000 shares of the stock in a transaction dated Tuesday, October 24th. The stock was acquired at an average price of $58.60 per share, for a total transaction of $58,600.00. Following the completion of the transaction, the director now directly owns 6,176 shares of the company’s stock, valued at $361,913.60. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Hosking Partners LLP grew its position in shares of United Continental by 1.6% in the second quarter. Hosking Partners LLP now owns 486,710 shares of the transportation company’s stock valued at $36,625,000 after purchasing an additional 7,737 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in shares of United Continental in the second quarter valued at approximately $3,306,000. Sciencast Management LP acquired a new stake in shares of United Continental in the second quarter valued at approximately $1,822,000. First Dallas Securities Inc. acquired a new stake in shares of United Continental in the third quarter valued at approximately $504,000. Finally, Thrivent Financial For Lutherans grew its position in shares of United Continental by 1.6% in the second quarter. Thrivent Financial For Lutherans now owns 1,147,310 shares of the transportation company’s stock valued at $86,335,000 after purchasing an additional 18,310 shares during the last quarter. Institutional investors and hedge funds own 95.92% of the company’s stock.
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.
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