United Continental (UAL) Bonds Trading 0.9% Lower

An issue of United Continental Holdings Inc (NYSE:UAL) debt fell 0.9% against its face value during trading on Friday. The high-yield debt issue has a 6% coupon and will mature on December 1, 2020. The bonds in the issue are now trading at $107.00 and were trading at $107.75 last week. Price changes in a company’s debt in credit markets often anticipate parallel changes in its share price.

A number of brokerages have recently commented on UAL. Imperial Capital reduced their price target on shares of United Continental from $63.00 to $57.00 and set an “in-line” rating for the company in a research note on Friday, October 20th. TheStreet upgraded shares of United Continental from a “c+” rating to a “b” rating in a research note on Thursday, December 7th. Barclays reiterated a “buy” rating and issued a $90.00 price target on shares of United Continental in a research note on Thursday, September 14th. ValuEngine upgraded shares of United Continental from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Finally, Cowen reiterated a “market perform” rating and issued a $62.00 price target (down from $70.00) on shares of United Continental in a research note on Friday, October 20th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $79.47.

Shares of United Continental Holdings Inc (NYSE UAL) opened at $67.25 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.53 and a debt-to-equity ratio of 1.37. The stock has a market cap of $19,931.86, a P/E ratio of 10.61, a P/E/G ratio of 1.72 and a beta of 1.04. United Continental Holdings Inc has a 12-month low of $56.51 and a 12-month high of $83.04.

United Continental (NYSE:UAL) last announced its earnings results on Wednesday, October 18th. The transportation company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.10. The company had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.87 billion. United Continental had a net margin of 6.45% and a return on equity of 28.67%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.11 earnings per share. equities analysts predict that United Continental Holdings Inc will post 6.36 EPS for the current fiscal year.

United Continental announced that its Board of Directors has initiated a stock repurchase plan on Thursday, December 7th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the transportation company to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

In other United Continental news, Director Robert A. Milton bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was bought at an average cost of $58.60 per share, for a total transaction of $58,600.00. Following the completion of the transaction, the director now owns 6,176 shares of the company’s stock, valued at approximately $361,913.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.27% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of UAL. Beach Investment Management LLC. bought a new position in shares of United Continental in the second quarter worth approximately $227,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of United Continental by 15.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 8,319 shares of the transportation company’s stock worth $648,000 after buying an additional 1,137 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of United Continental by 4.2% in the second quarter. Legal & General Group Plc now owns 495,718 shares of the transportation company’s stock worth $37,304,000 after buying an additional 20,206 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of United Continental by 2.2% in the second quarter. Blair William & Co. IL now owns 4,553 shares of the transportation company’s stock worth $343,000 after buying an additional 100 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new position in shares of United Continental in the second quarter worth $1,784,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

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About United Continental

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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