Imperial Capital restated their in-line rating on shares of United Continental (NYSE:UAL) in a report published on Thursday, Marketbeat.com reports. The brokerage currently has a $74.00 price objective on the transportation company’s stock, up from their previous price objective of $64.00. 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.
A number of other equities research analysts also recently issued reports on UAL. Barclays reissued a buy rating and set a $90.00 price target on shares of United Continental in a research report on Thursday, September 14th. JPMorgan Chase & Co. downgraded United Continental from an overweight rating to a neutral rating and reduced their price target for the stock from $84.00 to $68.00 in a research report on Friday, September 15th. Buckingham Research downgraded United Continental from a buy rating to a neutral rating and increased their price target for the stock from $49.28 to $59.80 in a research report on Monday, September 18th. Raymond James Financial reaffirmed a market perform rating on shares of United Continental in a report on Wednesday, September 20th. Finally, Zacks Investment Research downgraded United Continental from a hold rating to a strong sell rating in a report on Wednesday, September 20th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $81.69.
Shares of United Continental (NYSE UAL) traded up $1.95 during trading hours on Thursday, reaching $78.40. The company had a trading volume of 4,480,000 shares, compared to its average volume of 4,190,000. The firm has a market capitalization of $23,230.00, a P/E ratio of 11.35, a P/E/G ratio of 1.82 and a beta of 1.05. 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.
United Continental (NYSE:UAL) last issued its quarterly earnings results on Wednesday, October 18th. The transportation company reported $2.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.12 by $0.10. The business had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.87 billion. United Continental had a return on equity of 25.26% and a net margin of 5.22%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.11 earnings per share. sell-side analysts predict that United Continental will post 6.59 EPS for the current fiscal year.
United Continental announced that its Board of Directors has authorized a share buyback plan on Thursday, December 7th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the transportation company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
In other United Continental news, Director Robert A. Milton bought 1,000 shares of United Continental stock in a transaction on Tuesday, October 24th. The shares were purchased at an average price of $58.60 per share, with a total value of $58,600.00. Following the acquisition, the director now owns 6,176 shares in the company, valued at approximately $361,913.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.27% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Exane Derivatives boosted its holdings in shares of United Continental by 373.7% during the 3rd quarter. Exane Derivatives now owns 1,852 shares of the transportation company’s stock valued at $113,000 after acquiring an additional 1,461 shares in the last quarter. Sun Life Financial INC boosted its holdings in shares of United Continental by 18,645.5% during the 2nd quarter. Sun Life Financial INC now owns 2,062 shares of the transportation company’s stock valued at $155,000 after acquiring an additional 2,051 shares in the last quarter. Captrust Financial Advisors acquired a new stake in shares of United Continental during the 2nd quarter valued at $181,000. Institute for Wealth Management LLC. acquired a new stake in shares of United Continental during the 2nd quarter valued at $208,000. Finally, Beach Investment Management LLC. acquired a new stake in shares of United Continental during the 2nd quarter valued at $227,000. 95.63% of the stock is currently owned by institutional investors.
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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.
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