Goldman Sachs Group set a $128.00 target price on United Continental (NASDAQ:UAL) in a research note released on Wednesday morning, TipRanks reports. The brokerage currently has a buy rating on the transportation company’s stock.
A number of other analysts also recently issued reports on the stock. Morgan Stanley lowered their price objective on shares of United Continental from $108.00 to $103.00 and set an overweight rating on the stock in a report on Thursday. ValuEngine downgraded shares of United Continental from a hold rating to a sell rating in a report on Saturday, October 5th. BidaskClub upgraded shares of United Continental from a sell rating to a hold rating in a report on Friday, September 13th. JPMorgan Chase & Co. reiterated a buy rating on shares of United Continental in a report on Friday, September 13th. Finally, Zacks Investment Research upgraded shares of United Continental from a hold rating to a buy rating and set a $86.00 price objective on the stock in a report on Friday, August 16th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $102.88.
UAL traded down $0.19 during trading on Wednesday, reaching $87.15. The company had a trading volume of 2,008,404 shares, compared to its average volume of 2,824,825. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.55 and a quick ratio of 0.49. United Continental has a 12 month low of $77.02 and a 12 month high of $97.85. The business’s fifty day moving average price is $86.43 and its 200 day moving average price is $86.15. The company has a market cap of $21.76 billion, a P/E ratio of 9.55, a PEG ratio of 0.34 and a beta of 1.20.
United Continental (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, July 16th. The transportation company reported $4.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.07 by $0.14. United Continental had a net margin of 6.22% and a return on equity of 29.33%. The firm had revenue of $11.40 billion for the quarter, compared to analyst estimates of $11.37 billion. During the same quarter in the previous year, the firm posted $3.23 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. As a group, sell-side analysts predict that United Continental will post 11.79 EPS for the current fiscal year.
In other news, Director Edward Shapiro bought 10,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of $82.00 per share, for a total transaction of $820,000.00. Following the completion of the acquisition, the director now owns 182,707 shares in the company, valued at $14,981,974. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carolyn Corvi sold 1,032 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $86.37, for a total transaction of $89,133.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,056 shares of company stock worth $647,516. 0.40% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. North Star Investment Management Corp. bought a new position in United Continental during the third quarter worth $34,000. HM Payson & Co. bought a new position in United Continental during the second quarter worth $51,000. CSat Investment Advisory L.P. boosted its position in United Continental by 218.4% during the second quarter. CSat Investment Advisory L.P. now owns 605 shares of the transportation company’s stock worth $53,000 after purchasing an additional 415 shares during the period. First Interstate Bank boosted its position in United Continental by 40.5% during the second quarter. First Interstate Bank now owns 857 shares of the transportation company’s stock worth $75,000 after purchasing an additional 247 shares during the period. Finally, Boston Partners bought a new position in United Continental during the second quarter worth $91,000. 98.13% of the stock is owned by hedge funds and other institutional investors.
About United Continental
United Continental Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, the Middle East, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2018, the company operated a fleet of 1,329 aircraft.
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