United Continental (NYSE:UAL) had its price target lifted by stock analysts at Morgan Stanley from $92.00 to $95.00 in a research note issued on Thursday. The brokerage presently has an “equal weight” rating on the transportation company’s stock. Morgan Stanley’s price target indicates a potential upside of 8.66% from the company’s previous close.

Several other analysts also recently issued reports on UAL. Deutsche Bank downgraded United Continental from a “buy” rating to a “hold” rating and reduced their price target for the company from $81.00 to $74.00 in a research note on Tuesday, July 3rd. Barclays reduced their price target on United Continental from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Monday, July 16th. Imperial Capital boosted their price target on United Continental from $73.00 to $85.00 and gave the company an “inline” rating in a research note on Thursday, July 19th. Cowen boosted their price target on United Continental from $77.00 to $82.00 and gave the company a “market perform” rating in a research note on Thursday, July 19th. Finally, Macquarie raised United Continental from a “neutral” rating to an “outperform” rating and set a $64.00 price objective for the company in a report on Thursday, July 19th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $97.47.

UAL opened at $87.43 on Thursday. The firm has a market capitalization of $23.75 billion, a P/E ratio of 12.93, a PEG ratio of 0.51 and a beta of 0.75. United Continental has a 1 year low of $56.51 and a 1 year high of $91.39. The company has a quick ratio of 0.56, a current ratio of 0.63 and a debt-to-equity ratio of 1.56.

United Continental (NYSE:UAL) last released its quarterly earnings results on Tuesday, October 16th. The transportation company reported $3.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.07 by ($0.01). The firm had revenue of $11 billion during the quarter, compared to the consensus estimate of $10.95 billion. United Continental had a net margin of 5.23% and a return on equity of 24.28%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.22 earnings per share. On average, research analysts expect that United Continental will post 8.13 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Millennium Management LLC raised its holdings in United Continental by 15.2% in the 1st quarter. Millennium Management LLC now owns 147,469 shares of the transportation company’s stock valued at $10,245,000 after acquiring an additional 19,480 shares in the last quarter. Lansdowne Partners UK LLP acquired a new position in shares of United Continental during the 2nd quarter worth $251,781,000. Xact Kapitalforvaltning AB raised its holdings in shares of United Continental by 37.3% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 14,331 shares of the transportation company’s stock worth $999,000 after buying an additional 3,894 shares in the last quarter. Boston Advisors LLC acquired a new position in shares of United Continental during the 2nd quarter worth $1,403,000. Finally, Calamos Wealth Management LLC acquired a new position in shares of United Continental during the 2nd quarter worth $744,000. 95.21% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for United Continental (NYSE:UAL)

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