Morgan Stanley Lowers United Continental (NASDAQ:UAL) Price Target to $103.00

United Continental (NASDAQ:UAL) had its price target dropped by research analysts at Morgan Stanley from $108.00 to $103.00 in a report released on Thursday, AnalystRatings.com reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Morgan Stanley’s price target suggests a potential upside of 18.19% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of United Continental from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Friday, August 16th. Buckingham Research boosted their target price on shares of United Continental from $111.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. ValuEngine downgraded shares of United Continental from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th. BidaskClub upgraded shares of United Continental from a “sell” rating to a “hold” rating in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of United Continental in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. United Continental currently has a consensus rating of “Buy” and a consensus price target of $102.88.

Shares of NASDAQ UAL opened at $87.15 on Thursday. The company has a market capitalization of $22.21 billion, a P/E ratio of 9.55, a price-to-earnings-growth ratio of 0.35 and a beta of 1.20. United Continental has a 52-week low of $77.02 and a 52-week high of $97.85. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.49 and a current ratio of 0.55. The company’s 50 day moving average price is $86.49 and its 200-day moving average price is $86.19.

United Continental (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, July 16th. The transportation company reported $4.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.07 by $0.14. The firm had revenue of $11.40 billion for the quarter, compared to the consensus estimate of $11.37 billion. United Continental had a net margin of 6.22% and a return on equity of 29.33%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.23 EPS. Analysts forecast that United Continental will post 11.78 earnings per share for the current year.

In other United Continental news, Director Carolyn Corvi sold 1,032 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $86.37, for a total transaction of $89,133.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Gregory L. Hart sold 5,000 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $93.48, for a total transaction of $467,400.00. Following the sale, the chief operating officer now owns 17,087 shares of the company’s stock, valued at approximately $1,597,292.76. The disclosure for this sale can be found here. Insiders have sold a total of 7,056 shares of company stock valued at $647,516 in the last 90 days. 0.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in UAL. Price T Rowe Associates Inc. MD increased its stake in United Continental by 16.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 12,266,464 shares of the transportation company’s stock valued at $1,073,929,000 after purchasing an additional 1,690,744 shares in the last quarter. Nuveen Asset Management LLC grew its stake in shares of United Continental by 318.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,819,233 shares of the transportation company’s stock worth $159,274,000 after acquiring an additional 1,384,330 shares in the last quarter. APG Asset Management N.V. grew its stake in shares of United Continental by 59.5% in the 2nd quarter. APG Asset Management N.V. now owns 1,725,800 shares of the transportation company’s stock worth $132,678,000 after acquiring an additional 643,900 shares in the last quarter. Calamos Advisors LLC bought a new stake in shares of United Continental in the 2nd quarter worth $53,183,000. Finally, Neuberger Berman Group LLC grew its stake in shares of United Continental by 2,313.8% in the 1st quarter. Neuberger Berman Group LLC now owns 332,085 shares of the transportation company’s stock worth $26,493,000 after acquiring an additional 318,327 shares in the last quarter. Institutional investors and hedge funds own 98.13% of the company’s stock.

United Continental Company Profile

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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Analyst Recommendations for United Continental (NASDAQ:UAL)

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