United Continental (NASDAQ:UAL) had its target price boosted by equities research analysts at Goldman Sachs Group from $40.00 to $61.00 in a research note issued on Monday, The Fly reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Goldman Sachs Group’s target price points to a potential upside of 76.25% from the stock’s current price.
A number of other brokerages have also weighed in on UAL. Bank of America reduced their price target on shares of United Continental from $35.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Credit Suisse Group lowered shares of United Continental from an “outperform” rating to a “neutral” rating and set a $41.00 target price for the company. in a research note on Friday, June 12th. Citigroup increased their target price on shares of United Continental from $38.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, June 15th. JPMorgan Chase & Co. lowered shares of United Continental from an “overweight” rating to a “neutral” rating and cut their target price for the company from $45.00 to $43.00 in a research note on Wednesday, June 10th. Finally, Argus lowered shares of United Continental from a “buy” rating to a “hold” rating in a research note on Wednesday, March 11th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $61.75.
Shares of NASDAQ:UAL opened at $34.61 on Monday. The company has a 50 day moving average of $32.16 and a 200-day moving average of $52.94. The firm has a market cap of $8.75 billion, a P/E ratio of 9.40 and a beta of 1.47. United Continental has a twelve month low of $17.80 and a twelve month high of $96.03. The company has a current ratio of 0.49, a quick ratio of 0.42 and a debt-to-equity ratio of 1.98.
United Continental (NASDAQ:UAL) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported ($2.57) earnings per share for the quarter, topping analysts’ consensus estimates of ($3.36) by $0.79. The company had revenue of $7.98 billion during the quarter, compared to analyst estimates of $8.21 billion. United Continental had a net margin of 2.43% and a return on equity of 20.51%. The business’s revenue for the quarter was down 16.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.15 EPS. Equities research analysts forecast that United Continental will post -21.09 EPS for the current year.
Several large investors have recently modified their holdings of UAL. Morgan Stanley lifted its position in shares of United Continental by 198.2% in the 1st quarter. Morgan Stanley now owns 2,066,739 shares of the transportation company’s stock valued at $65,207,000 after acquiring an additional 1,373,783 shares in the last quarter. Norges Bank acquired a new position in United Continental in the 4th quarter valued at approximately $93,549,000. U S Global Investors Inc. increased its stake in United Continental by 1,349.3% in the 1st quarter. U S Global Investors Inc. now owns 1,018,838 shares of the transportation company’s stock valued at $32,144,000 after buying an additional 948,540 shares during the period. Renaissance Technologies LLC increased its stake in United Continental by 33.6% in the 4th quarter. Renaissance Technologies LLC now owns 3,342,743 shares of the transportation company’s stock valued at $294,462,000 after buying an additional 841,108 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in United Continental by 519.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 496,601 shares of the transportation company’s stock valued at $15,668,000 after buying an additional 416,433 shares during the period. Institutional investors and hedge funds own 85.18% of the company’s stock.
About United Continental
United Continental Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, the Middle East, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2018, the company operated a fleet of 1,329 aircraft.
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