United Continental (NASDAQ:UAL) Upgraded at ValuEngine

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United Continental (NASDAQ:UAL) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Thursday, ValuEngine reports.

A number of other research firms have also commented on UAL. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of United Continental in a research note on Friday, September 13th. Cowen set a $96.00 price objective on shares of United Continental and gave the company a “hold” rating in a research note on Friday, October 11th. BidaskClub raised shares of United Continental from a “sell” rating to a “hold” rating in a research note on Friday, September 13th. Goldman Sachs Group set a $128.00 price objective on shares of United Continental and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Credit Suisse Group upped their price objective on shares of United Continental from $117.00 to $118.00 and gave the company an “outperform” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $103.00.

UAL stock traded down $0.45 during mid-day trading on Thursday, reaching $89.26. 1,118,958 shares of the stock traded hands, compared to its average volume of 2,855,686. The company has a current ratio of 0.55, a quick ratio of 0.49 and a debt-to-equity ratio of 1.76. United Continental has a 52-week low of $77.02 and a 52-week high of $97.85. The company has a market cap of $22.34 billion, a P/E ratio of 9.78, a P/E/G ratio of 0.35 and a beta of 1.20. The stock’s fifty day moving average is $87.09 and its 200-day moving average is $86.47.

United Continental (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, October 15th. The transportation company reported $4.07 EPS for the quarter, beating analysts’ consensus estimates of $3.97 by $0.10. United Continental had a net margin of 6.22% and a return on equity of 29.33%. The company had revenue of $11.38 billion during the quarter, compared to analyst estimates of $11.43 billion. During the same period in the prior year, the firm earned $3.06 earnings per share. The business’s quarterly revenue was up 3.4% on a year-over-year basis. Equities research analysts expect that United Continental will post 11.81 earnings per share for the current year.

In related news, COO Gregory L. Hart sold 5,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $93.48, for a total value of $467,400.00. Following the transaction, the chief operating officer now owns 17,087 shares in the company, valued at $1,597,292.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Edward Shapiro acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average price of $82.00 per share, for a total transaction of $820,000.00. Following the acquisition, the director now directly owns 182,707 shares of the company’s stock, valued at approximately $14,981,974. The disclosure for this purchase can be found here. Insiders sold a total of 7,056 shares of company stock worth $647,516 in the last quarter. 0.40% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in UAL. North Star Investment Management Corp. acquired a new position in United Continental in the third quarter worth approximately $34,000. HM Payson & Co. acquired a new position in United Continental in the second quarter worth approximately $51,000. CSat Investment Advisory L.P. increased its holdings in United Continental by 218.4% in the second quarter. CSat Investment Advisory L.P. now owns 605 shares of the transportation company’s stock worth $53,000 after buying an additional 415 shares during the last quarter. First Interstate Bank increased its holdings in United Continental by 40.5% in the second quarter. First Interstate Bank now owns 857 shares of the transportation company’s stock worth $75,000 after buying an additional 247 shares during the last quarter. Finally, Boston Partners acquired a new position in United Continental in the second quarter worth approximately $91,000. Hedge funds and other institutional investors own 98.16% of the company’s stock.

United Continental Company Profile

United Continental Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, the Middle East, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2018, the company operated a fleet of 1,329 aircraft.

See Also: Buyback For Investors Defined

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Analyst Recommendations for United Continental (NASDAQ:UAL)

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