United Continental (NYSE:UAL) had its price objective hoisted by Bank of America from $94.00 to $95.00 in a report issued on Wednesday morning. Bank of America currently has a buy rating on the transportation company’s stock.
UAL has been the topic of a number of other reports. Morgan Stanley raised their price target on shares of United Continental from $76.00 to $77.00 and gave the company an equal weight rating in a report on Thursday, July 19th. Macquarie set a $91.00 price target on shares of United Continental and gave the company a hold rating in a report on Monday, October 8th. Deutsche Bank cut shares of United Continental from a buy rating to a hold rating and lowered their price target for the company from $81.00 to $74.00 in a report on Tuesday, July 3rd. Zacks Investment Research upgraded shares of United Continental from a hold rating to a buy rating and set a $99.00 price target on the stock in a report on Monday, October 1st. Finally, Imperial Capital raised their price target on shares of United Continental from $73.00 to $85.00 and gave the company an inline rating in a report on Thursday, July 19th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. United Continental presently has a consensus rating of Buy and an average price target of $91.07.
NYSE:UAL opened at $80.18 on Wednesday. United Continental has a fifty-two week low of $56.51 and a fifty-two week high of $91.39. The stock has a market capitalization of $23.75 billion, a PE ratio of 11.86, a PEG ratio of 0.51 and a beta of 0.75. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 1.56.
United Continental (NYSE:UAL) last released its quarterly earnings results on Tuesday, July 17th. The transportation company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.07 by $0.16. United Continental had a net margin of 5.23% and a return on equity of 24.28%. The business had revenue of $10.78 billion for the quarter, compared to analysts’ expectations of $10.72 billion. During the same period last year, the business earned $2.75 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. As a group, equities research analysts forecast that United Continental will post 8.13 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. BlueMountain Capital Management LLC acquired a new stake in United Continental in the 2nd quarter worth approximately $102,000. Adviser Investments LLC acquired a new stake in United Continental in the 2nd quarter worth approximately $112,000. Gables Capital Management Inc. acquired a new stake in United Continental in the 1st quarter worth approximately $139,000. Summit Trail Advisors LLC boosted its stake in United Continental by 9,454.7% in the 1st quarter. Summit Trail Advisors LLC now owns 139,785 shares of the transportation company’s stock worth $140,000 after purchasing an additional 138,322 shares in the last quarter. Finally, Advisors Preferred LLC boosted its stake in United Continental by 521.1% in the 2nd quarter. Advisors Preferred LLC now owns 2,472 shares of the transportation company’s stock worth $172,000 after purchasing an additional 2,074 shares in the last quarter. Institutional investors own 95.21% of the company’s stock.
About United Continental
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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