A number of other research firms have also weighed in on UAL. Buckingham Research lowered United Continental from a buy rating to a neutral rating and boosted their target price for the stock from $49.28 to $59.80 in a report on Monday, September 18th. Barclays reaffirmed a buy rating and issued a $80.00 price objective on shares of United Continental in a report on Monday, September 25th. Citigroup upped their price objective on United Continental from $75.00 to $76.00 and gave the company a neutral rating in a report on Thursday, October 19th. Morgan Stanley reaffirmed an equal weight rating and issued a $71.00 price objective (down from $72.00) on shares of United Continental in a report on Friday, September 1st. Finally, Stephens reaffirmed an equal weight rating and issued a $65.00 price objective (down from $80.00) on shares of United Continental in a report on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $77.91.
United Continental (NYSE UAL) opened at $63.55 on Thursday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.53 and a current ratio of 0.60. The firm has a market capitalization of $18,820.92, a P/E ratio of 8.89, a P/E/G ratio of 1.64 and a beta of 1.04. United Continental has a 1-year low of $56.51 and a 1-year high of $83.04.
United Continental (NYSE:UAL) last posted its earnings results on Wednesday, October 18th. The transportation company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.10. The business had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.87 billion. United Continental had a return on equity of 25.26% and a net margin of 5.22%. The firm’s revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.11 EPS. analysts anticipate that United Continental will post 6.31 earnings per share for the current fiscal year.
United Continental announced that its board has initiated a stock repurchase program on Thursday, December 7th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.
In related news, Director Robert A. Milton bought 1,000 shares of United Continental stock in a transaction dated Tuesday, October 24th. The shares were bought at an average cost 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edward Shapiro bought 15,000 shares of United Continental stock in a transaction dated Friday, September 15th. The shares were bought at an average cost of $59.87 per share, for a total transaction of $898,050.00. Following the completion of the acquisition, the director now owns 27,707 shares in the company, valued at approximately $1,658,818.09. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hosking Partners LLP grew its holdings in shares of United Continental by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 486,710 shares of the transportation company’s stock worth $36,625,000 after purchasing an additional 7,737 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in shares of United Continental during the 2nd quarter worth $3,306,000. Sciencast Management LP bought a new stake in shares of United Continental during the 2nd quarter worth $1,822,000. First Dallas Securities Inc. bought a new stake in shares of United Continental during the 3rd quarter worth $504,000. Finally, Thrivent Financial For Lutherans lifted its position in shares of United Continental by 1.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 1,147,310 shares of the transportation company’s stock worth $86,335,000 after buying an additional 18,310 shares during the last quarter. 95.92% of the stock is currently owned by institutional investors.
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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