United Continental (NASDAQ:UAL) Receives “Market Perform” Rating from Cowen

Cowen reaffirmed their market perform rating on shares of United Continental (NASDAQ:UAL) in a research report released on Wednesday, April 17th, Briefing.com Automated Import reports. They currently have a $99.00 price target on the transportation company’s stock, up from their previous price target of $97.00.

Several other research analysts also recently issued reports on the stock. Standpoint Research downgraded shares of United Continental from a buy rating to a hold rating in a report on Friday, February 22nd. Macquarie set a $111.00 price target on shares of United Continental and gave the stock a buy rating in a report on Tuesday, January 29th. BidaskClub upgraded shares of United Continental from a sell rating to a hold rating in a report on Thursday, April 4th. Zacks Investment Research restated a buy rating and issued a $97.00 price objective on shares of United Continental in a report on Monday, December 31st. Finally, Argus began coverage on United Continental in a report on Wednesday, January 30th. They issued a buy rating and a $101.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $101.41.

Shares of UAL stock opened at $84.12 on Wednesday. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.50 and a quick ratio of 0.43. The company has a market capitalization of $22.13 billion, a P/E ratio of 9.21, a P/E/G ratio of 0.38 and a beta of 0.99. United Continental has a 1 year low of $65.57 and a 1 year high of $97.85.

United Continental (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.94 by $0.21. United Continental had a net margin of 5.43% and a return on equity of 28.41%. The business had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same period in the previous year, the business earned $0.50 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. As a group, analysts predict that United Continental will post 11.11 earnings per share for the current year.

In other United Continental news, COO Gregory L. Hart sold 5,000 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $89.66, for a total transaction of $448,300.00. Following the sale, the chief operating officer now owns 22,087 shares of the company’s stock, valued at $1,980,320.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in UAL. Consulta Ltd bought a new position in shares of United Continental during the 4th quarter worth about $6,280,000. Arrowgrass Capital Partners US LP bought a new position in United Continental in the 4th quarter valued at about $4,187,000. Game Creek Capital LP lifted its position in United Continental by 24.8% in the 4th quarter. Game Creek Capital LP now owns 89,200 shares of the transportation company’s stock valued at $7,469,000 after acquiring an additional 17,700 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its position in United Continental by 49.6% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 303,300 shares of the transportation company’s stock valued at $25,395,000 after acquiring an additional 100,600 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in United Continental by 647.9% in the 4th quarter. Squarepoint Ops LLC now owns 330,589 shares of the transportation company’s stock valued at $27,680,000 after acquiring an additional 286,389 shares in the last quarter. 98.11% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for United Continental (NASDAQ:UAL)

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