Press coverage about United Continental (NYSE:UAL) has trended somewhat positive on Wednesday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. United Continental earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave media headlines about the transportation company an impact score of 45.6292747317527 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- United Continental (UAL) Presents At JP Morgan Global High Yield & Leveraged Finance Conference – Slideshow (seekingalpha.com)
- American Air Balks at O’Hare Revamp, Citing ‘Secret’ United Deal (finance.yahoo.com)
- [$$] American Rejects O’Hare Expansion Plan (finance.yahoo.com)
- Gate dispute clouds expansion plan for Chicago’s O’Hare Airport (finance.yahoo.com)
- American Airlines up in arms over mayor’s O’Hare Airport expansion plan (finance.yahoo.com)
Shares of United Continental (NYSE:UAL) traded down $0.07 during trading on Wednesday, reaching $67.79. The company’s stock had a trading volume of 3,040,000 shares, compared to its average volume of 5,500,000. The company has a market cap of $20,080.00, a P/E ratio of 10.58 and a beta of 1.02. The company has a quick ratio of 0.49, a current ratio of 0.56 and a debt-to-equity ratio of 1.44. United Continental has a 12 month low of $56.51 and a 12 month high of $83.04.
United Continental declared that its Board of Directors has approved a stock buyback plan on Thursday, December 7th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the transportation company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
Several analysts have recently issued reports on UAL shares. Sanford C. Bernstein raised United Continental from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. cut United Continental from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $68.00 to $60.00 in a report on Wednesday, November 1st. Buckingham Research raised United Continental from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $65.00 to $81.00 in a report on Tuesday, December 19th. Standpoint Research raised United Continental from a “hold” rating to a “buy” rating in a report on Monday, December 18th. Finally, Zacks Investment Research raised United Continental from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. United Continental has an average rating of “Hold” and a consensus price target of $83.03.
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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