Imperial Capital Increases United Continental (UAL) Price Target to $96.00

United Continental (NYSE:UAL) had its target price lifted by Imperial Capital from $85.00 to $96.00 in a report released on Thursday, Marketbeat.com reports. The firm currently has an “in-line” rating on the transportation company’s stock. Imperial Capital’s target price would suggest a potential upside of 7.90% from the stock’s previous close. The analysts noted that the move was a valuation call.

A number of other equities research analysts also recently weighed in on UAL. Barclays dropped their price target on shares of United Continental from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Monday, July 16th. Buckingham Research lifted their price target on shares of United Continental from $96.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, July 19th. Cowen lifted their price target on shares of United Continental from $77.00 to $82.00 and gave the company a “market perform” rating in a research report on Thursday, July 19th. Citigroup reiterated a “top pick” rating and issued a $99.00 price target on shares of United Continental in a research report on Thursday, July 19th. Finally, Macquarie upgraded shares of United Continental from a “neutral” rating to an “outperform” rating and set a $64.00 price target for the company in a research report on Thursday, July 19th. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $90.00.

NYSE UAL opened at $88.97 on Thursday. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.63 and a quick ratio of 0.56. United Continental has a 1-year low of $56.51 and a 1-year high of $91.39. The company has a market capitalization of $23.75 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 0.51 and a beta of 0.75.

United Continental (NYSE:UAL) last released its quarterly earnings results on Tuesday, July 17th. The transportation company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.07 by $0.16. United Continental had a net margin of 5.23% and a return on equity of 24.28%. The company had revenue of $10.78 billion during the quarter, compared to the consensus estimate of $10.72 billion. During the same period in the previous year, the business earned $2.75 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. sell-side analysts anticipate that United Continental will post 8.13 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in UAL. LSV Asset Management grew its stake in shares of United Continental by 2.8% during the second quarter. LSV Asset Management now owns 4,373,989 shares of the transportation company’s stock worth $304,998,000 after buying an additional 119,461 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of United Continental by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,317,812 shares of the transportation company’s stock worth $301,075,000 after buying an additional 144,690 shares during the last quarter. Lansdowne Partners UK LLP bought a new stake in shares of United Continental during the second quarter worth $251,781,000. Amundi Pioneer Asset Management Inc. grew its stake in shares of United Continental by 5.4% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,067,970 shares of the transportation company’s stock worth $74,193,000 after buying an additional 54,961 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of United Continental by 1.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 890,564 shares of the transportation company’s stock worth $62,100,000 after buying an additional 10,030 shares during the last quarter. Institutional investors and hedge funds own 95.21% of the company’s stock.

United Continental Company Profile

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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