Somewhat Positive Press Coverage Somewhat Unlikely to Impact United Continental (NYSE:UAL) Share Price
Media headlines about United Continental (NYSE:UAL) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. United Continental earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the transportation company an impact score of 46.2811687003094 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- United Continental Holdings, Inc. (UAL) – Investors Alert on Unusual Volume Move – Wall Street Morning (wallstreetmorning.com)
- Qatar to agree to new financial disclosures for state owned-airline: US officials – Reuters (reuters.com)
- Intraday Movers – United Continental Holdings, Inc. (UAL) – android media cell (androidmediacell.com)
- United Goes Rogue With Plan That May Spur Lower Airfares (finance.yahoo.com)
- Should Spirit Airlines Investors Fear United Airlines' Growth? (finance.yahoo.com)
Shares of United Continental (UAL) traded down $0.67 on Monday, hitting $65.89. The stock had a trading volume of 1,170,928 shares, compared to its average volume of 6,110,578. United Continental has a fifty-two week low of $56.51 and a fifty-two week high of $83.04. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.53 and a current ratio of 0.60. The firm has a market cap of $19,718.56, a PE ratio of 9.32 and a beta of 1.05.
United Continental announced that its board has approved a share buyback program on Thursday, December 7th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the transportation company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
UAL has been the subject of several research analyst reports. Citigroup boosted their price objective on United Continental from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Bank of America reissued a “buy” rating and set a $84.00 price objective (down previously from $85.00) on shares of United Continental in a research report on Tuesday, October 10th. Evercore ISI raised United Continental from an “in-line” rating to an “outperform” rating and set a $68.00 price objective for the company in a research report on Wednesday, October 25th. Stifel Nicolaus reissued a “buy” rating and set a $100.00 price objective (down previously from $110.00) on shares of United Continental in a research report on Friday, October 20th. Finally, JPMorgan Chase & Co. cut United Continental from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $68.00 to $60.00 in a research report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $82.19.
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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