United Continental (UAL) Price Target Raised to $105.00

United Continental (NYSE:UAL) had its price objective lifted by Buckingham Research from $101.00 to $105.00 in a research report sent to investors on Wednesday morning. Buckingham Research currently has a buy rating on the transportation company’s stock.

Several other brokerages have also recently issued reports on UAL. Macquarie cut United Continental from an outperform rating to a neutral rating and set a $95.00 target price on the stock. in a research report on Tuesday, September 18th. They noted that the move was a valuation call. Morgan Stanley set a $92.00 target price on United Continental and gave the stock a hold rating in a research report on Tuesday, September 18th. Zacks Investment Research raised United Continental from a hold rating to a buy rating and set a $99.00 target price on the stock in a research report on Monday, October 1st. Imperial Capital raised their target price on United Continental from $85.00 to $96.00 and gave the stock an in-line rating in a research report on Thursday, September 27th. They noted that the move was a valuation call. Finally, Deutsche Bank raised United Continental from a hold rating to a buy rating and raised their target price for the stock from $91.00 to $100.00 in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $97.47.

Shares of NYSE:UAL opened at $87.43 on Wednesday. The stock has a market capitalization of $23.75 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 0.51 and a beta of 0.75. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.56 and a current ratio of 0.63. 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 earnings results on Tuesday, October 16th. The transportation company reported $3.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.07 by ($0.01). The firm had revenue of $11 billion during the quarter, compared to analysts’ expectations of $10.95 billion. United Continental had a return on equity of 24.28% and a net margin of 5.23%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.22 earnings per share. As a group, equities analysts anticipate 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 purchased a new position in shares of United Continental during the 2nd quarter valued at about $251,781,000. Bank of Montreal Can lifted its position 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 valued at $85,609,000 after buying an additional 873,525 shares in the last quarter. Calamos Advisors LLC purchased a new position in shares of United Continental during the 2nd quarter valued at about $49,434,000. Ashler Capital LLC purchased a new position in shares of United Continental during the 2nd quarter valued at about $34,688,000. Finally, Gateway Investment Advisers LLC purchased a new position in shares of United Continental during the 2nd quarter valued at about $18,007,000. 95.21% of the stock is currently owned by hedge funds and other institutional investors.

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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