United Continental (UAL) Upgraded at TheStreet
United Continental (NYSE:UAL) was upgraded by TheStreet from a “c+” rating to a “b” rating in a report issued on Thursday.
Several other equities research analysts also recently issued reports on the company. Morgan Stanley decreased their price target on United Continental from $79.00 to $72.00 and set an “equal weight” rating for the company in a report on Thursday, August 17th. Zacks Investment Research cut United Continental from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Wolfe Research raised United Continental to an “outperform” rating and dropped their price target for the company from $97.00 to $95.00 in a research report on Sunday, August 20th. Stephens reaffirmed an “equal weight” rating and set a $65.00 price target (down previously from $80.00) on shares of United Continental in a research report on Thursday, September 7th. Finally, Citigroup reaffirmed a “neutral” rating and set a $68.00 price target (down previously from $85.00) on shares of United Continental in a research report on Thursday, September 7th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. United Continental has an average rating of “Hold” and an average price target of $77.63.
United Continental (UAL) opened at $63.55 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.60 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $18,820.00, a P/E ratio of 8.70, a P/E/G ratio of 1.60 and a beta of 1.04. United Continental has a 12 month low of $56.51 and a 12 month high of $83.04.
United Continental (NYSE:UAL) last issued its earnings results on Wednesday, October 18th. The transportation company reported $2.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.12 by $0.10. The business had revenue of $9.88 billion during the quarter, compared to the consensus estimate 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 for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $3.11 earnings per share. analysts predict that United Continental will post 6.31 EPS for the current year.
United Continental declared that its board has authorized a share buyback plan on Thursday, December 7th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
In related news, Director Edward Shapiro bought 15,000 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 27,707 shares of the company’s stock, valued at $1,658,818.09. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert A. Milton bought 1,000 shares of the stock in a transaction that occurred on Tuesday, October 24th. The shares were bought at an average price of $58.60 per share, for a total transaction of $58,600.00. Following the completion of the transaction, the director now directly owns 6,176 shares of the company’s stock, valued at approximately $361,913.60. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the company. Hosking Partners LLP increased its holdings in shares of United Continental by 1.6% in the second 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 during the last quarter. Pacad Investment Ltd. bought a new position in shares of United Continental during the second quarter valued at approximately $3,306,000. Sciencast Management LP bought a new position in shares of United Continental during the second quarter valued at approximately $1,822,000. First Dallas Securities Inc. bought a new position in shares of United Continental during the third quarter valued at approximately $504,000. Finally, Thrivent Financial For Lutherans grew its stake in shares of United Continental by 1.6% during the second quarter. Thrivent Financial For Lutherans now owns 1,147,310 shares of the transportation company’s stock valued at $86,335,000 after buying an additional 18,310 shares during the last quarter. 95.92% of the stock is currently owned by hedge funds and other institutional investors.
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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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