United Continental (NASDAQ:UAL) Price Target Raised to $111.00

United Continental (NASDAQ:UAL) had its price target boosted by equities researchers at Buckingham Research from $109.00 to $111.00 in a report issued on Wednesday, April 17th, Stock Target Advisor reports. The firm currently has a “buy” rating on the transportation company’s stock. Buckingham Research’s price objective suggests a potential upside of 30.91% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. BidaskClub downgraded United Continental from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. ValuEngine downgraded United Continental from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. upgraded United Continental from a “neutral” rating to an “overweight” rating and set a $95.00 price target for the company in a report on Thursday, January 10th. Imperial Capital reiterated an “underperform” rating and set a $78.00 price target (up previously from $73.00) on shares of United Continental in a report on Thursday, January 17th. Finally, Zacks Investment Research downgraded United Continental from a “buy” rating to a “hold” rating in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. United Continental presently has a consensus rating of “Buy” and a consensus price target of $101.41.

Shares of United Continental stock traded up $0.67 during midday trading on Wednesday, reaching $84.79. The company had a trading volume of 2,841,876 shares, compared to its average volume of 2,492,718. United Continental has a fifty-two week low of $66.10 and a fifty-two week high of $97.85. 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 firm has a market cap of $22.13 billion, a P/E ratio of 8.54, a P/E/G ratio of 0.36 and a beta of 0.99.

United Continental (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.21. United Continental had a return on equity of 28.41% and a net margin of 5.43%. The firm had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same period in the previous year, the firm earned $0.50 earnings per share. The company’s revenue was up 6.2% compared to the same quarter last year. Equities analysts anticipate that United Continental will post 11.14 earnings per share for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in UAL. Pinnacle Financial Partners Inc. bought a new position in United Continental during the 1st quarter worth approximately $25,000. Shelton Capital Management bought a new position in United Continental during the 1st quarter worth approximately $26,000. Stone House Investment Management LLC bought a new position in United Continental during the 1st quarter worth approximately $30,000. Quadrant Capital Group LLC grew its position in United Continental by 202.8% during the 1st quarter. Quadrant Capital Group LLC now owns 1,196 shares of the transportation company’s stock worth $93,000 after acquiring an additional 801 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. grew its position in United Continental by 32.1% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 2,158 shares of the transportation company’s stock worth $174,000 after acquiring an additional 524 shares during the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.

United Continental Company Profile

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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