BidaskClub Lowers United Continental (NASDAQ:UAL) to Sell

BidaskClub cut shares of United Continental (NASDAQ:UAL) from a hold rating to a sell rating in a research report sent to investors on Friday morning, BidAskClub reports.

Several other brokerages have also issued reports on UAL. Imperial Capital reissued an underperform rating and set a $81.00 price objective (up from $78.00) on shares of United Continental in a report on Thursday, April 18th. Morgan Stanley raised shares of United Continental from an equal weight rating to an overweight rating and lifted their price objective for the company from $101.00 to $110.00 in a report on Monday, May 20th. Goldman Sachs Group raised shares of United Continental from a neutral rating to a buy rating and set a $108.00 price objective on the stock in a report on Thursday, June 6th. Finally, Buckingham Research lifted their price objective on shares of United Continental from $111.00 to $120.00 and gave the company a buy rating in a report on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the stock. United Continental presently has an average rating of Buy and an average price target of $102.12.

Shares of NASDAQ:UAL opened at $82.94 on Friday. The stock has a market capitalization of $20.97 billion, a price-to-earnings ratio of 9.08, a PEG ratio of 0.32 and a beta of 1.16. The stock’s 50 day moving average is $90.06. United Continental has a one year low of $77.02 and a one year high of $97.85. The company has a current ratio of 0.55, a quick ratio of 0.49 and a debt-to-equity ratio of 1.76.

United Continental (NASDAQ:UAL) last issued its earnings results on Tuesday, July 16th. The transportation company reported $4.21 EPS for the quarter, topping the Zacks’ consensus estimate of $4.07 by $0.14. The business had revenue of $11.40 billion for the quarter, compared to analyst estimates of $11.37 billion. United Continental had a net margin of 6.22% and a return on equity of 29.33%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company posted $3.23 earnings per share. On average, sell-side analysts expect that United Continental will post 11.66 EPS for the current fiscal year.

In related news, Director Edward Shapiro acquired 10,000 shares of the stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average cost of $82.00 per share, for a total transaction of $820,000.00. Following the completion of the purchase, the director now owns 182,707 shares of the company’s stock, valued at approximately $14,981,974. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, COO Gregory L. Hart sold 5,000 shares of United Continental stock in a transaction on Monday, July 29th. The stock was sold at an average price of $93.48, for a total transaction of $467,400.00. Following the sale, the chief operating officer now owns 17,087 shares of the company’s stock, valued at $1,597,292.76. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Several large investors have recently bought and sold shares of UAL. Comerica Bank lifted its position in United Continental by 0.3% during the first quarter. Comerica Bank now owns 43,045 shares of the transportation company’s stock valued at $3,638,000 after purchasing an additional 140 shares during the period. Nissay Asset Management Corp Japan ADV lifted its position in United Continental by 1.6% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 9,360 shares of the transportation company’s stock valued at $747,000 after purchasing an additional 147 shares during the period. Atlas Capital Advisors LLC lifted its position in United Continental by 1.9% during the first quarter. Atlas Capital Advisors LLC now owns 8,006 shares of the transportation company’s stock valued at $639,000 after purchasing an additional 148 shares during the period. Moody National Bank Trust Division lifted its position in United Continental by 4.0% during the second quarter. Moody National Bank Trust Division now owns 4,570 shares of the transportation company’s stock valued at $400,000 after purchasing an additional 176 shares during the period. Finally, Wetherby Asset Management Inc. raised its position in shares of United Continental by 6.2% in the second quarter. Wetherby Asset Management Inc. now owns 3,286 shares of the transportation company’s stock worth $288,000 after acquiring an additional 191 shares during the period. Institutional investors and hedge funds own 98.12% 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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