Vertical Research Begins Coverage on United Continental (UAL)

Analysts at Vertical Research began coverage on shares of United Continental (NYSE:UAL) in a research note issued to investors on Monday, The Fly reports. The brokerage set a “buy” rating and a $103.00 price target on the transportation company’s stock. Vertical Research’s target price would indicate a potential upside of 15.14% from the company’s previous close.

A number of other research analysts have also commented on UAL. Zacks Investment Research upgraded United Continental from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Thursday, December 13th. Cowen reiterated a “market perform” rating and issued a $99.00 price objective (up from $94.00) on shares of United Continental in a research report on Thursday, January 17th. Stephens upgraded United Continental from an “equal weight” rating to an “overweight” rating and set a $112.00 price objective on the stock in a research report on Thursday, October 18th. Imperial Capital increased their price objective on United Continental from $101.00 to $110.00 and gave the company an “in-line” rating in a research report on Tuesday, December 4th. Finally, Macquarie set a $111.00 price objective on United Continental and gave the company a “buy” rating in a research report on Tuesday, January 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $100.88.

Shares of UAL opened at $89.46 on Monday. United Continental has a 52 week low of $60.44 and a 52 week high of $97.85.

United Continental (NYSE:UAL) last announced its quarterly earnings data on Tuesday, January 15th. The transportation company reported $2.41 EPS for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.57. The firm had revenue of $10.49 billion during the quarter, compared to the consensus estimate of $10.34 billion. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.40 earnings per share.

In related news, Director Edward Shapiro purchased 30,000 shares of United Continental stock in a transaction dated Thursday, December 6th. The shares were acquired at an average cost of $92.57 per share, for a total transaction of $2,777,100.00. Following the transaction, the director now directly owns 152,707 shares of the company’s stock, valued at $14,136,086.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the stock. Primecap Management Co. CA raised its stake in United Continental by 0.3% during the 3rd quarter. Primecap Management Co. CA now owns 38,375,613 shares of the transportation company’s stock worth $3,417,732,000 after buying an additional 110,624 shares during the period. Vanguard Group Inc. raised its stake in United Continental by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 20,044,520 shares of the transportation company’s stock worth $1,785,164,000 after buying an additional 148,292 shares during the period. Vanguard Group Inc raised its stake in United Continental by 0.7% during the 3rd quarter. Vanguard Group Inc now owns 20,044,520 shares of the transportation company’s stock worth $1,785,164,000 after buying an additional 148,292 shares during the period. Oregon Public Employees Retirement Fund raised its stake in United Continental by 6,999.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,870,118 shares of the transportation company’s stock worth $94,000 after buying an additional 7,759,258 shares during the period. Finally, Lansdowne Partners UK LLP raised its stake in United Continental by 44.7% during the 3rd quarter. Lansdowne Partners UK LLP now owns 5,223,705 shares of the transportation company’s stock worth $465,222,000 after buying an additional 1,612,901 shares during the period. 95.21% of the stock is currently 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.

See Also: Price to Earnings Ratio (PE) Basics

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Analyst Recommendations for United Continental (NYSE:UAL)

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