Deutsche Bank Upgrades United Continental (UAL) to “Buy”

United Continental (NYSE:UAL) was upgraded by analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research report issued on Wednesday, The Fly reports.

A number of other equities research analysts also recently commented on UAL. Zacks Investment Research downgraded shares of United Continental from a “buy” rating to a “hold” rating in a research report on Monday. Barclays reduced their price objective 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. Imperial Capital raised their price objective on shares of United Continental from $73.00 to $85.00 and gave the company an “inline” rating in a research report on Thursday, July 19th. 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. Finally, Bank of America lifted their price target on shares of United Continental from $94.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, October 10th. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $90.73.

Shares of NYSE:UAL opened at $83.52 on Wednesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.63 and a quick ratio of 0.56. The stock has a market capitalization of $23.75 billion, a P/E ratio of 12.36, a PEG ratio of 0.51 and a beta of 0.75. United Continental has a 52 week low of $56.51 and a 52 week high of $91.39.

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

Several institutional investors and hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC increased its stake in shares of United Continental by 34.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 100,869 shares of the transportation company’s stock worth $8,983,000 after purchasing an additional 25,938 shares in the last quarter. Andra AP fonden increased its stake in shares of United Continental by 114.8% during the 3rd quarter. Andra AP fonden now owns 62,500 shares of the transportation company’s stock worth $5,566,000 after purchasing an additional 33,400 shares in the last quarter. Cookson Peirce & Co. Inc. purchased a new position in shares of United Continental during the 3rd quarter worth approximately $637,000. Zweig DiMenna Associates LLC purchased a new position in shares of United Continental during the 3rd quarter worth approximately $249,000. Finally, Bank of Montreal Can increased its stake in shares of United Continental by 995.6% during the 3rd 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 in the last quarter. 95.21% of the stock is owned by institutional investors and hedge funds.

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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