Analysts Set United Continental Holdings Inc (UAL) PT at $76.63
Shares of United Continental Holdings Inc (NYSE:UAL) have received an average rating of “Hold” from the twenty-four research firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $76.63.
A number of analysts have recently commented on the stock. Raymond James Financial restated a “market perform” rating on shares of United Continental in a report on Wednesday, September 20th. JPMorgan Chase & Co. cut shares of United Continental from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $84.00 to $68.00 in a report on Friday, September 15th. Barclays restated a “buy” rating and set a $80.00 target price on shares of United Continental in a report on Monday, September 25th. Macquarie began coverage on shares of United Continental in a report on Monday, September 25th. They set a “neutral” rating and a $64.00 target price on the stock. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $110.00 price target on shares of United Continental in a research note on Wednesday, September 20th.
In other United Continental news, Director Robert A. Milton bought 1,000 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was acquired at an average price of $58.60 per share, with a total value of $58,600.00. Following the transaction, the director now owns 6,176 shares in the company, valued at $361,913.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.27% of the company’s stock.
Shares of United Continental (NYSE UAL) traded up $0.10 during mid-day trading on Monday, hitting $69.36. 2,668,900 shares of the stock were exchanged, compared to its average volume of 3,750,000. United Continental has a 1 year low of $56.51 and a 1 year high of $83.04. The company has a market cap of $20,550.00, a PE ratio of 10.04, a PEG ratio of 1.79 and a beta of 1.05. The company has a current ratio of 0.60, a quick ratio of 0.53 and a debt-to-equity ratio of 1.37.
United Continental (NYSE:UAL) last announced its earnings results on Wednesday, October 18th. The transportation company reported $2.22 EPS for the quarter, beating the Zacks’ consensus estimate of $2.12 by $0.10. United Continental had a net margin of 5.22% and a return on equity of 25.26%. The firm had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.87 billion. During the same quarter in the previous year, the business posted $3.11 EPS. The company’s quarterly revenue was down .4% on a year-over-year basis. equities research analysts expect that United Continental will post 6.36 earnings per share for the current year.
United Continental declared that its Board of Directors has initiated a share buyback program on Thursday, December 7th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
United Continental Company Profile
United Continental Holdings, Inc (UAL) is a holding company and its principal subsidiary is United Air Lines, Inc (United). The Company transports people and cargo through its mainline operations. It has global air rights in North America, Asia-Pacific, Europe, Middle East, Africa and Latin America. The Company, through United and its regional carriers, operates flights from its hubs at Newark Liberty International Airport (Newark Liberty), Chicago O’Hare International Airport (Chicago O’Hare), Denver International Airport (Denver), George Bush Intercontinental Airport (Houston Bush), Los Angeles International Airport (LAX), A.B.
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