United Continental (NYSE:UAL) had its price target cut by Morgan Stanley from $80.00 to $77.00 in a report released on Thursday. They currently have a hold rating on the transportation company’s stock.
A number of other analysts have also issued reports on UAL. Stephens set a $76.00 target price on United Continental and gave the stock a hold rating in a research report on Thursday, March 29th. Zacks Investment Research raised United Continental from a hold rating to a buy rating and set a $77.00 target price on the stock in a research report on Wednesday, March 28th. Imperial Capital reaffirmed an in-line rating and set a $74.00 target price (up from $64.00) on shares of United Continental in a research report on Thursday, January 11th. Bank of America lifted their target price on United Continental from $80.00 to $83.00 and gave the stock a buy rating in a research report on Wednesday, January 24th. Finally, Sanford C. Bernstein reaffirmed an outperform rating on shares of United Continental in a research report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. United Continental presently has an average rating of Hold and an average price target of $84.03.
Shares of UAL traded up $0.39 during midday trading on Thursday, reaching $66.49. 1,100,818 shares of the company were exchanged, compared to its average volume of 4,594,121. The stock has a market cap of $18,468.52, a PE ratio of 9.85 and a beta of 0.87. 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 1.44, a current ratio of 0.56 and a quick ratio of 0.49.
United Continental (NYSE:UAL) last issued its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.45. The company had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.41 billion. United Continental had a return on equity of 23.40% and a net margin of 5.65%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.78 earnings per share. research analysts anticipate that United Continental will post 7.85 earnings per share for the current year.
In other news, Director Edward Shapiro acquired 25,000 shares of the stock in a transaction that occurred on Thursday, March 15th. The stock was purchased at an average cost of $70.65 per share, with a total value of $1,766,250.00. Following the completion of the acquisition, the director now directly owns 37,707 shares in the company, valued at $2,663,999.55. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Advisors Preferred LLC increased its holdings in United Continental by 1,100.8% in the fourth quarter. Advisors Preferred LLC now owns 1,513 shares of the transportation company’s stock valued at $102,000 after buying an additional 1,387 shares during the last quarter. Focused Wealth Management Inc bought a new position in shares of United Continental during the fourth quarter valued at approximately $135,000. Deltec Asset Management LLC bought a new position in shares of United Continental during the fourth quarter valued at approximately $203,000. Beach Investment Counsel Inc. PA bought a new position in shares of United Continental during the fourth quarter valued at approximately $204,000. Finally, Wetherby Asset Management Inc. bought a new position in shares of United Continental during the fourth quarter valued at approximately $208,000. 95.28% of the stock is owned by hedge funds and other institutional investors.
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United Continental Company Profile
United Continental Holdings, Inc, together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2017, the company operated a fleet of 1,262 aircraft.
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