Imperial Capital Increases United Continental (UAL) Price Target to $74.00

United Continental (NYSE:UAL) had its price target raised by Imperial Capital from $64.00 to $74.00 in a research report report published on Thursday. The brokerage currently has a line rating on the transportation company’s stock. Imperial Capital also issued estimates for United Continental’s FY2017 earnings at $6.71 EPS, Q2 2018 earnings at $2.52 EPS, Q3 2018 earnings at $2.29 EPS and FY2018 earnings at $6.71 EPS.

Other analysts have also recently issued research reports about the stock. Citigroup raised shares of United Continental from a neutral rating to a buy rating and set a $76.00 price objective on the stock in a report on Wednesday, January 10th. Raymond James Financial reaffirmed a market perform rating on shares of United Continental in a report on Wednesday, September 20th. JPMorgan Chase & Co. cut shares of United Continental from an overweight rating to a neutral rating and dropped their price objective for the stock from $84.00 to $68.00 in a report on Friday, September 15th. Barclays reaffirmed a buy rating and issued a $80.00 price objective on shares of United Continental in a report on Monday, September 25th. Finally, Macquarie began coverage on shares of United Continental in a report on Monday, September 25th. They issued a neutral rating and a $64.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $81.69.

Shares of United Continental (NYSE UAL) opened at $78.40 on Thursday. The firm has a market cap of $23,230.00, a price-to-earnings ratio of 11.35 and a beta of 1.05. United Continental has a twelve month low of $56.51 and a twelve month 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 quarterly earnings data on Wednesday, October 18th. The transportation company reported $2.22 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $9.87 billion. During the same quarter last year, the company earned $3.11 EPS. The company’s revenue for the quarter was down .4% compared to the same quarter last year. sell-side analysts anticipate that United Continental will post 6.66 EPS for the current fiscal year.

United Continental declared that its Board of Directors has initiated a share buyback plan on Thursday, December 7th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

In related news, Director Robert A. Milton bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The stock was purchased at an average price of $58.60 per share, for a total transaction of $58,600.00. Following the transaction, the director now directly owns 6,176 shares of the company’s stock, valued at approximately $361,913.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.27% of the company’s stock.

Several large investors have recently bought and sold shares of UAL. Janus Henderson Group PLC boosted 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 valued at $523,519,000 after purchasing an additional 6,934,500 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of United Continental during the 3rd quarter valued at about $121,305,000. Vanguard Group Inc. boosted its position in shares of United Continental by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 22,706,502 shares of the transportation company’s stock valued at $1,708,664,000 after purchasing an additional 930,321 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of 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 valued at $160,585,000 after purchasing an additional 656,990 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in shares of United Continental by 113.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,144,832 shares of the transportation company’s stock valued at $86,149,000 after purchasing an additional 608,570 shares in the last quarter. Institutional investors 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.

Analyst Recommendations for United Continental (NYSE:UAL)

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