United Continental (UAL) Price Target Raised to $100.00

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United Continental (NYSE:UAL) had its price objective increased by Citigroup from $99.00 to $100.00 in a research report released on Wednesday. They currently have a buy rating on the transportation company’s stock.

Several other equities research analysts have also recently weighed in on UAL. Zacks Investment Research cut United Continental from a buy rating to a hold rating in a research report on Monday, October 15th. Barclays decreased their price target on United Continental from $80.00 to $78.00 and set an overweight rating on the stock in a research report on Monday, July 16th. Buckingham Research upped their price target on United Continental from $96.00 to $106.00 and gave the company a buy rating in a research report on Thursday, July 19th. Imperial Capital upped their price target on United Continental from $73.00 to $85.00 and gave the company an inline rating in a research report on Thursday, July 19th. Finally, Bank of America upped their price target on United Continental from $94.00 to $95.00 and gave the company a buy rating in a research report on Wednesday, October 10th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. United Continental currently has an average rating of Buy and a consensus price target of $97.47.

Shares of United Continental stock opened at $87.43 on Wednesday. United Continental has a 52-week low of $56.51 and a 52-week high of $91.39. The stock 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. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 1.56.

United Continental (NYSE:UAL) last announced its quarterly earnings data on Tuesday, October 16th. The transportation company reported $3.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.07 by ($0.01). United Continental had a net margin of 5.23% and a return on equity of 24.28%. The firm had revenue of $11 billion during the quarter, compared to the consensus estimate of $10.95 billion. During the same quarter in the prior year, the firm posted $2.22 earnings per share. The company’s revenue was up 11.2% on a year-over-year basis. As a group, sell-side analysts forecast that United Continental will post 8.13 EPS for the current year.

Several hedge funds have recently bought and sold shares of UAL. Lansdowne Partners UK LLP bought a new position in shares of United Continental in the second quarter worth approximately $251,781,000. Bank of Montreal Can increased its position in shares of United Continental by 995.6% in the third quarter. Bank of Montreal Can now owns 961,261 shares of the transportation company’s stock worth $85,609,000 after purchasing an additional 873,525 shares during the last quarter. Calamos Advisors LLC bought a new position in shares of United Continental in the second quarter worth approximately $49,434,000. Ashler Capital LLC bought a new position in shares of United Continental in the second quarter worth approximately $34,688,000. Finally, Gateway Investment Advisers LLC bought a new position in shares of United Continental in the second quarter worth approximately $18,007,000. Institutional investors own 95.21% of the company’s stock.

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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