United Continental’s (UAL) “Buy” Rating Reaffirmed at Stifel Nicolaus
Stifel Nicolaus reissued their buy rating on shares of United Continental (NYSE:UAL) in a research note released on Wednesday morning, Marketbeat Ratings reports. They currently have a $130.00 target price on the transportation company’s stock, up from their previous target price of $100.00.
Several other analysts have also issued reports on UAL. Barclays restated a buy rating and issued a $80.00 price objective on shares of United Continental in a report on Monday, September 25th. Macquarie began coverage on shares of United Continental in a report on Monday, September 25th. They issued a neutral rating and a $64.00 price objective on the stock. Raymond James Financial restated a market perform rating on shares of United Continental in a report on Wednesday, September 20th. Zacks Investment Research lowered shares of United Continental from a hold rating to a strong sell rating in a report on Wednesday, September 20th. Finally, Imperial Capital reduced their price objective on shares of United Continental from $63.00 to $57.00 and set an in-line rating on the stock in a report on Friday, October 20th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. United Continental presently has an average rating of Hold and an average target price of $81.69.
Shares of United Continental (UAL) opened at $78.40 on Wednesday. The stock has a market cap of $23,230.00, a PE ratio of 11.35, a P/E/G ratio of 1.87 and a beta of 1.05. United Continental has a fifty-two week low of $56.51 and a fifty-two week high of $83.04. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.53.
United Continental (NYSE:UAL) last issued its quarterly earnings data on Wednesday, October 18th. The transportation company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.10. The firm had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.87 billion. United Continental had a net margin of 5.22% and a return on equity of 25.26%. United Continental’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.11 EPS. equities analysts predict that United Continental will post 6.66 earnings per share for the current year.
United Continental announced that its Board of Directors has initiated a share buyback program on Thursday, December 7th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the transportation company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
In other United Continental news, Director Robert A. Milton purchased 1,000 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were bought at an average cost of $58.60 per share, for a total transaction of $58,600.00. Following the completion of the purchase, the director now directly owns 6,176 shares of the company’s stock, valued at $361,913.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.27% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of UAL. Beach Investment Management LLC. purchased a new stake in United Continental during the second quarter worth about $227,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of United Continental by 8.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,677 shares of the transportation company’s stock worth $352,000 after buying an additional 366 shares during the period. Engineers Gate Manager LP purchased a new stake in shares of United Continental during the second quarter worth approximately $635,000. CIBC World Markets Inc. increased its stake in shares of United Continental by 204.0% during the second quarter. CIBC World Markets Inc. now owns 19,202 shares of the transportation company’s stock worth $1,445,000 after buying an additional 12,885 shares during the period. Finally, Seven Eight Capital LP increased its stake in shares of United Continental by 355.2% during the second quarter. Seven Eight Capital LP now owns 14,225 shares of the transportation company’s stock worth $1,070,000 after buying an additional 11,100 shares during the period. Institutional investors own 95.63% of the company’s stock.
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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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